Regulatory Filings • Sep 29, 2008
Regulatory Filings
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Press Release: 29 September 2008
DAF Trucks N.V. of The Netherlands, a member of the global PACCAR group, has awarded Tupy of Brazil a production contract for the Compacted Graphite Iron (CGI) cylinder block and head of its 12.9 litre sixcylinder 'MX' series commercial vehicle diesel engine. The CGI cylinder blocks and heads will be produced at the Tupy Mauá foundry using the Swedish SinterCast process control technology. With a combined weight of 575 kg, high volume series production of the DAF cylinder blocks and heads will begin during October 2008. The DAF 12.9 litre MX engine meets EURO 5 and US EPA 07 emissions legislation and will be used in trucks sold under the Kenworth, Peterbilt and DAF nameplates in both the North American and European markets. The PACCAR group is a global technology leader in the design and manufacture of high quality light, medium and heavy-duty trucks with over 1.5 million vehicles in the field.
Mr. Luiz Tarquínio, President and C.E.O. of Tupy said, "The DAF order represents another important step forward for CGI and for Tupy, and further reinforces the transition toward CGI in state-of-the-art commercial vehicle diesel engine cylinder blocks and heads. The DAF engine becomes the third CGI commercial vehicle engine in series production at our Mauá foundry, and represents Tupy's first production order from DAF. Tupy will continue to build on its CGI product development and series production experience to secure new production orders in both the passenger vehicle and commercial vehicle sectors and to lead the industrial trend toward CGI."
Dr. Steve Dawson, President & CEO of SinterCast said, "Together with Tupy, we are pleased that our CGI process control experience has been recognised by yet another of the world's leading commercial vehicle manufacturers. In combination with the ongoing SinterCast-CGI commercial vehicle production for Ford-Otosan, Hyundai, International-Navistar, MAN and Volvo, the DAF MX order results in 13 SinterCast-CGI commercial vehicle engine component in series production, with a potential annual volume of more than one million Engine Equivalents, and providing recurring revenues of more than SEK 20 million per year."
Joinville and Stockholm, 29 September 2008
Mr. Luiz Tarquínio S. Ferro Dr. Steve Dawson President and C.E.O. President & CEO Tupy S.A. SinterCast AB (publ) Rua Albano Schmidt, 3400 Box 10203 Joinville – SC SE-100 55 Stockholm 89206 - 900, Brazil Sweden Tel: +55 47 441 8181 Tel: +46 8 660 7750 Fax: +55 47 441 8141 Fax: +46 8 661 7979 e-mail: [email protected] e-mail: [email protected] website: www.tupy.com.br website: www.sintercast.com
Located in Joinville in southern Brazil, Tupy has more than 7,500 employees and a production capacity of 500,000 tonnes per year of cast iron components in its two manufacturing facilities located in Joinville, State of Santa Catarina and Mauá, State of São Paulo. With sales and engineering offices located in Brazil, United States, Germany, Mexico and Japan, Tupy's main customers include Chrysler, Cummins, Daimler, Ford, General Motors, Volkswagen, Audi, Perkins, International Truck and Engine, Mack Trucks, MAN, Wuxi Diesel, Iveco, Kubota, John Deere, Bosch, Ambrake, Peugeot and many other premier automotive and diesel engine manufacturers.
SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). 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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