SinterCast AGM 2016 focuses on energy consumption issues in aluminium manufacturing

The SinterCast AB (publ) Annual General Meeting (AGM) was held on 19 May 2016 in Stockholm. During the AGM, presentations were provided by Dr Mark Jolly, Professor of Sustainable Manufacturing at Cranfield University, and by Dr Steve Dawson, President & CEO.

Professor Jolly made presentations on prior studies showing the energy intensity and CO2 emissions of aluminium production relative to cast iron, and emphasised the importance of life cycle energy analysis, particularly in the automotive industry. In particular, Professor Jolly noted that the production of each kilogram of primary aluminium generates approximately 10 kg of CO2; approximately four times that of iron. Professor Jolly presented the outline of a new project that is being conducted at Cranfield University to quantify the energy consumption in each step of the cast iron and aluminium manufacturing processes, from mining through to manufacturing, on-road use and recycling. Professor Jolly plans to present the conclusions of the Cranfield University project before the end of 2016, as an input to decision makers in the automotive industry and to legislators, to promote holistic solutions that can improve the environment.

During the CEO presentation, Dr Dawson presented an overview of recent market activities and provided an outlook of SinterCast's potential market development.

Beyond the market development, Dr Dawson showed that the penetration of electric vehicles is not expected to affect SinterCast's market development and he presented the environmental contributions of engines with SinterCast-CGI cylinder blocks. Dr Dawson also took the opportunity to introduce the new Ladle TrackerTM technology, reinforcing SinterCast as a market leader in providing unique solutions that improve process control and productivity in the foundry industry.

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 per cent higher tensile strength, 45 per cent 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 size, weight, noise and emissions.

During the AGM a number of new proposals were presented and re-elections were held for the appointment of senior executives for important management positions. The AGM also decided upon the constitution of the Nomination Committee until the next AGM.

All of the proposals presented to the AGM were approved by the shareholders.