Regulatory Filings • Jul 7, 2008
Regulatory Filings
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SinterCast is pleased to announce that Mr Arvind Deodhar, President of CANCAST Consultants Inc, has joined SinterCast in the capacity of Business Consultant-India. With effect from 1 July 2008, Mr Deodhar has assumed responsibility for SinterCast's commercial and technical activities in the Indian market.
Mr Deodhar brings more than 35 years of experience in the Indian foundry and automotive industries. His career has included 23 years at the TATA Motors foundry in Pune and nine years as Senior Vice President and CEO of the Kirloskar Ferrous Industries Ltd foundry in Hospet. Mr Deodhar joins SinterCast following his recent retirement from the position of Executive Director and CEO of Ennore Foundries Ltd (currently, Hinduja Foundries Ltd), the main supplier of cylinder block and head castings to the Ashok-Leyland commercial vehicle group.
Mr Arvind Deodhar, President of CANCAST Consultants Inc, said: "I have followed SinterCast's growth over the past years and I have been positively impressed in my professional interaction with the Company and its technology. I now look forward to supporting SinterCast's market development in India, particularly as the major OEMs develop and launch new state-of-the-art commercial vehicle engines to satisfy India's rapidly growing demand for personal mobility, goods transportation and environmentally friendly diesel engines".
Dr Steve Dawson, President & CEO of SinterCast, said: "Since our market introduction in India during 2005, we have succeeded to establish SinterCast as a reliable and trustworthy technology partner to the Indian foundry community and the major heavy-duty diesel engine manufacturers. We welcome Arvind as an experienced and highly respected foundry executive and look forward to working together with him as we intensify our efforts to develop the market opportunity for SinterCast-CGI in the important Indian market".
Stockholm, 7 July 2008
For more information contact:
Dr. Steve Dawson Mr Arvind Deodhar President & CEO Business Consultant-India SinterCast AB (publ) SinterCast Office: +44 1932 862 100 Local Contact Details: Mobile: +44 7710 026 342 Mobile: +91 9922 509232 e-mail: [email protected] e-mail: [email protected]
SinterCast 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 weight, noise and emissions. SinterCast produces a variety of CGI components ranging from 1.6 kg to 17 tonnes, all using the same process control technology. The end-users of SinterCast-CGI components include Aston Martin, Audi, Caterpillar, Chrysler, Ford, General Electric Transportation Systems, General Motors, Hyundai, International Truck and Engine, Jaguar, Kia, Land Rover, MAN, MAN B&W Diesel, PSA Peugeot-Citroën, Rolls-Royce Power Engineering, Toyota, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the Nordic Exchange, Stockholm (Stockholmsbörsen: SINT).
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