NovaCast and its subsidiary Camito AB develop and market products and software aimed at more efficient and faster production processes in the automotive industry and its sub-contractors, mainly foundries and tool manufacturers.
Thanks to genuine, documented expertise in foundry technology, simulations and process control, NovaCast offers powerful software packages that basically cover the complete needs in a foundry, from methoding to process control and environmental control. NovaCast also offers fast and cost-effective systems for the production of automotive castings in compacted graphite iron.
Broad process expertise and knowledge-based computer systems are fully utilized at the Camito subsidiary, which produces refined cast products for the Tool&Die industry. Its customers are mainly in the automotive industry and its sub-contractors. Camito AB has developed and patented a method for melting together cast iron and tool steels into one solid piece. Camito can thereby offer products with considerably shorter leadtime and at lower costs.
We have a world-wide network of representatives and a cooperation agreement with Elkem, among others. Other markets are represented through our own resources or independent agents.
NovaCast has an installation base to date of 565 software licences at 371 foundries in 41 countries. Our customers represent over 60 percent of the world’s casting products related to the automotive industry.
NovaCast’s turnover in 2006 amounted to 46,6 MSEK and profit after tax to -4,2 MSEK. A round lot of shares in NovaCast Technologies, whose short name is NCAS B, amounts to 200. NovaCast Technologies is a Small Cap company in the Industrials sector. You can find more information about NovaCast here.
Hans Svensson (to the left), CEO of NovaCast and Jukka Ruuska, President Nordic Marketplaces, toll the bell to make the first closed deal in NovaCast.
The first trade in NovaCast share was executed at 70 SEK.
Hans Svensson signs the guestbook.
Göran Kroon (in the middle), Chairman of the Board of NovaCast attended in the welcome ceremony.
