Brief: SinterCast June Series Production At Pre-COVID Levels

SinterCast AB

07/07/2021 08:18

July 7 (Reuters) - SinterCast AB (publ)  SINT.ST :
    * SAID ON TUESDAY ANNUALISED SERIES PRODUCTION IN JUNE
AMOUNTED TO
3.3 MLN ENGINE EQUIVALENTS, EQUALLING FULL-YEAR PRE-COVID
PRODUCTION LEVEL
    * ANNUALISED SERIES PRODUCTION FOR Q2 WAS 3.2 MILLION ENGINE
EQUIVALENTS, DOUBLING YEAR-ON-YEAR
    * DEMAND FOR SAMPLING CUPS IN JUNE CONTINUED RECENT TREND,
WITH
THREE OF THE LAST FOUR MONTHS REACHING TOP-TEN HIGHEST MONTHS 
    * COMBINATION OF HIGH DEMAND AND LOW VEHICLE INVENTORIES HAS
DRIVEN RECOVERY IN SERIES PRODUCTION AND THIS COMBINATION IS
DESTINED TO CONTINUE DRIVING DEMAND FOR FORESEEABLE FUTURE
    * SEMICONDUCTOR SHORTAGES WILL CONTINUE TO AFFECT VOLUMES IN
H2,
BUT IT WILL ALSO ADD TO PENT UP DEMAND AND ACCUMULATING NEED TO
REBUILD VEHICLE INVENTORIE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN30p2mb
    
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