Regulatory Filings • Sep 4, 2007
Regulatory Filings
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Hyundai Motor Company, Korea's leading automobile manufacturer and the world's sixth largest automobile producer, has begun series production of two new commercial vehicle engines at its manufacturing facility located in Jeonju, North Cholla province, Korea. The 3.9 and 5.9 litre engines are based on Compacted Graphite Iron (CGI) cylinder blocks produced using SinterCast process control technology. Following the start of foundry production in September, the 3.9 litre 'F-engine' and the 5.9 litre 'G-engine' will be available in Hyundai's small and medium size commercial vehicles before the end of 2007. The F and G engines, which were developed and built entirely with in-house Hyundai technology, satisfy European and US emissions legislation and will be available for sale in both the domestic Korean and export markets.
"The start of production of the Hyundai 3.9 and 5.9 litre commercial vehicle engines complements the existing 3.0 litre V6 CGI cylinder block production that SinterCast has successfully supported at the Jeonju foundry since mid-2006. As the world's fastest growing automotive OEM, SinterCast is pleased to support Hyundai as it also becomes one of the world's largest users of CGI cylinder blocks" said Dr. Steve Dawson, President & CEO of SinterCast. "Together with the new SinterCast-CGI commercial vehicle engine components for Ford-Otosan, International-Navistar, MAN and Volvo, the Hyundai F and G engines become the eighth and ninth SinterCast-CGI commercial vehicle components to be announced for start of series production during the second-half of 2007. The mature volume of the F and G engine production also increases the announced SinterCast-CGI volume in the commercial vehicle sector from 500,000 to 700,000 Engine Equivalents per year, and brings us one step closer to realising our goal of one million new commercial vehicle Engine Equivalents being announced and/or having start of production during 2007".
SinterCast-CGI engines can currently be purchased in 16 different vehicles in 8 different car brands: Audi, Citroën, Hyundai, Jaguar, Land Rover, Peugeot, Range Rover and Volkswagen (www.sintercast.com/market)
For more information, please contact: Dr. Steve Dawson President & CEO Office: +44 1932 862 100 Mobile: +44 7710 026 342 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 80% 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. The end-users of SinterCast-CGI components include Aston Martin, Audi, Caterpillar, DaimlerChrysler, Ford, General Electric Transportation Systems, General Motors, Hyundai, Jaguar, Land Rover, 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.
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