- System 3000 Plus ordered for high volume cylinder block production
- Installation planned for December; start of series production during January
- Further opportunities for new installation commitments before year-end
With the order of a new System 3000 Plus for high volume cylinder block series production, SinterCast has achieved a third consecutive record year for new installation commitments. The new order, which is planned for installation and commissioning during December, will be used for the production of Compacted Graphite Iron cylinder blocks, with the start of series production scheduled for January 2014. At the request of the customer, the foundry identity cannot be disclosed at this time.
The new installation is the third full System 3000 installation commitment during 2013. Combined with two Mini-System 3000 installations and the installation of one automatic base treatment station to upgrade an existing System 3000 installation to the full System 3000 Plus capability, the new order marks the sixth installation of the year and surpasses the previous installation revenue record set in 2012. Further installation discussions are ongoing, providing opportunities for additional installation commitments and revenue before year-end.
“New installation activity is the strongest indicator of future CGI series production commitments and overall market growth” said Dr Steve Dawson, President & CEO of SinterCast. “Three consecutive years of record installations, with increased footprint in Europe, Asia and the Americas, clearly shows SinterCast’s leadership position, the market acceptance of CGI, and the demand for stronger materials.”