Bli medlem
Bli medlem

Du är här


SinterCast: SinterCast Annual General Meeting 2016

| |
| |

[Stockholm, 19 May 2016]
- The SinterCast AB (publ) Annual General Meeting (AGM) was held on 19 May
2016 in Stockholm. During the AGM, presentations were provided by Dr Mark
Jolly, Professor of Sustainable Manufacturing at Cranfield University, and by
Dr Steve Dawson, President&CEO. The recorded presentations will be available
on the SinterCast website on or before Tuesday 24 May.

Professor Jolly began his presentation by providing an introduction to
Cranfield University and an overview of his experience as a researcher in the
cast iron and aluminium foundry industries, and as a professor of sustainable
manufacturing. Professor Jolly introduced prior studies showing the energy
intensity and CO2emissions of aluminium production relative to cast iron, and
emphasised the importance of life cycle energy analysis, particularly in the
automotive industry. In particular, Professor Jolly noted that the
production of each kilogram of primary aluminium generates approximately 10
kg of CO2; approximately four times that of iron. Professor Jolly presented
the outline of a new project that is being conducted at Cranfield University
to quantify the energy consumption in each step of the cast iron and
aluminium manufacturing processes, from mining through to manufacturing,
on-road use and recycling. The Cranfield study focusses on the cylinder
block because it is the single heaviest component in most passenger vehicles.
Professor Jolly plans to present the conclusions of the Cranfield University
project before the end of 2016, as an input to decision makers in the
automotive industry and to legislators, to promote holistic solutions that
can improve the environment.

During the CEO presentation, Dr Dawson presented an overview of recent market
activities and provided an outlook of SinterCast's potential market
development. Dr Dawson's presentation expressed continued confidence in the
market development, including the potential to secure production references
in the last of theFive Waves
: in-line diesels for passenger vehicles. He also stated that the milestone
of three million Engine Equivalents can be achieved with the programmes that
are currently in series production plus the programmes that are approved and
slated for production at SinterCast's partner foundries. Beyond the market
development, Dr Dawson showed that the penetration of electric vehicles is
not expected to affect SinterCast's market development and he presented the
environmental contributions of engines with SinterCast-CGI cylinder blocks.
Dr Dawson also took the opportunity of the AGM to introduce the new Ladle
TrackerTMtechnology, reinforcing SinterCast as a market leader in providing
unique solutions that improve process control and productivity in the foundry

During the AGM, Hans-Erik Andersson, Aage Figenschou, Robert Dover, Laurence
Vine-Chatterton, Carina Andersson, Jason Singer and Steve Dawson were
re-elected as Board members. Hans-Erik Andersson was re-appointed as

The AGM also decided upon the constitution of the Nomination Committee until
the next AGM, comprised of Karl-Arne Henriksson, Chairman, Andrea Fessler,
Ulla-Britt Fräjdin-Hellqvist and Hans-Erik Andersson.

All of the proposals presented to the AGM were approved by the shareholders.

For and on behalf of the Board of Directors:

| Steve Dawson |
| President&CEO |
| SinterCast AB (publ) |
| Tel: +46 8 660 7750 |
| e-mail: |
is the world's leading supplier of process control technology for the reliable
high volume production of Compacted Graphite Iron (CGI). With at least 75%
higher tensile strength, 45% higher stiffness and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows
engine designers to improve performance, fuel economy and durability while
reducing engine size, weight, noise and emissions. The SinterCast technology,
with 44 installations in 13 countries, is primarily used for the production
of petrol and diesel engine cylinder blocks and exhaust components for
passenger vehicles, medium-duty and heavy-duty cylinder blocks and heads for
commercial vehicles, and industrial power engine components for marine, rail,
off-road and stationary engine applications. SinterCast's series production
components range from 2 kg to 9 tonnes, all using the same proven process
control technology. The SinterCast share is quoted on the Small Cap segment
of the Stockholm NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For more


Press Release PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SinterCast via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.