Ceradyne Receives Commitment to Purchase Components for Diesel Engines
May 20, 2003
Ceradyne, Inc. recently announced that it has received a multi-year commitment from its largest diesel engine components customer to purchase sintered reaction bonded silicon nitride (SRBSN) ceramic components for additional areas of its diesel engines. Ceradyne has received an initial order under this commitment for approximately $1.4 million, and expects to complete delivery of these components in the third quarter of 2003. If this program is successful, total orders under this commitment could be $26 million or more during the course of four years, through 2006. Sales of diesel engine components to this customer during 2002 were approximately $2.7 million.
Additional information on the company can be found at http://www.ceradyne.com .