Series production improves to 2.7 million Engine Equivalents in January

Issued at 2021-02-10

[Stockholm, 8 February 2021] – Following series production of 2.4 million Engine Equivalents in December and 2.6 million Engine Equivalents in November, annualised series production improved to 2.7 million Engine Equivalents in January. Although the series production improved in January, it was still hampered by the remaining effects of the traditional year-end shutdowns, and by reduced production cadence related to a model changeover of the high-volume F-150 pick-up truck in the US. Overall, the series production in January amounted to 90% of the January 2020 volume and 93% of the volume in the first quarter of 2020.

“January showed further signs of improvement, despite that it was a short month with some of our series production foundries not resuming production until the second week of the new year. Overall, the production outlook continues to improve, with commercial vehicle sales in the US at near-record levels and with new commercial vehicle programmes starting production at FAW and Scania during 2021” said Dr Steve Dawson, President & CEO. “January also marked the significant ‘first iron’ milestone at the new Scania foundry in Sweden, with the first ladles of CGI being treated as part of the foundry start-up trials. It was particularly rewarding for both Scania and SinterCast that, after a three-year project, the very first ladle was tapped and treated fully in-specification.”

Source: SinterCast AB