[Stockholm, 12 March 2019] - Building on the start of production of the Cummins 6.7 litre in-line diesel engine for Ram Super Duty pick up applications, and continued growth of commercial vehicle cylinder blocks and heads, annualised series production surpassed the three million Engine Equivalent milestone in February. The annualised production of 3.0 million Engine Equivalents (150,000 tonnes) in February follows the production of 2.9 million Engine Equivalents in January. The average production for the first two months of the year represents a growth of 16% compared to the full-year 2018 production, and a compounded annual growth rate of approximately 14% since 2010.
"Together with the new installation orders received from Scania and from China Shipbuilding Industry Corporation in January, the record series production provides a strong start to our year, and puts us squarely on pace to meet our goal for double-digit growth again in 2019" 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 and five years to crack the two million milestone. Now, we have reached the three million landmark in less than four years, and our sights are set on four million."
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