- Series production reaches all-time high of 2.2 million Engine Equivalents in March
- Increased contribution from petrol engines and commercial vehicles
- 18% year-on-year growth in first quarter series production
[Stockholm, 14 April 2015] - Building on continued strong demand for passenger vehicle diesel engines, increased ramp-up of passenger vehicle petrol engines, and continued growth of commercial vehicle cylinder blocks and heads, SinterCast's annualised series production surpassed the two million Engine Equivalent milestone in March. Annualised series production for the month reached 2.2 million Engine Equivalents, providing average annualised production of 2.0 million Engine Equivalents for the first quarter. The increase represents 18% growth compared to the first quarter of 2014, and provides an average compounded annual growth rate of 18% since 2007. Sampling Cup shipments for the first quarter reached 40,500 units, marking the second highest quarter for Sampling Cup shipments in SinterCast's history.
"We have been hovering around the two million milestone, with five of the last seven months reaching 1.9 million Engine Equivalents. Now, with the accelerated ramp of the Ford 2.7 litre V6 petrol engine in North America and the continued growth of European commercial vehicle programmes, we have solidly cracked the two million barrier. Together with the three new installations announced during the first quarter, the record series production provides a strong start to 2015" said Dr. Steve Dawson, President & CEO of SinterCast. "From the start of our first cylinder block production in 1999, we needed eleven years to break the one million Engine Equivalent barrier. Now, we have cracked the two million barrier in less than five years, and our sights are set on three million."
