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Gothenburg, 24 August 2015: SKF has signed athree-year agreement with MAN for the supply of truck-matchedwheel-end units. The deal is worth SEK 60 million and follows thesigning of an agreement for similar units with Scania in October2014. Deliveries to both MAN and Scania are scheduled to commencein September 2015.  

Stephane Le Mounier, President, Automotive Market,says, “This agreement further extends our relationship withVolkswagen Group’s heavy trucks segment. It also illustrates thatour solutions directly benefit both truck manufacturers andend-users, in particular in contributing to synergies between MANand Scania.” 

Truck-matched wheel-end units are quicker to assembleand provide a lower total cost of ownership, through extendedmaintenance intervals, compared to using standard tapered rollerbearings.

Aktiebolaget SKF
   (publ)

Posted: August 24, 2015, 6:30 am

Gothenburg, 17 August 2015: SKF has completed thedivestment of Canfield Technologies, Inc. to Gen Cap America, aprivate equity firm headquartered in Nashville, Tennessee.

Canfield is a manufacturer of solder, pastes andpreforms for metal joining, used in the electronics, plumbing andjewellery industries and joined SKF as part of the acquisition ofKaydon Corporation in October 2013.

The total consideration of the divestment isapproximately USD 23 million, on a cash- and debt-free basis.

Located in New Jersey, Canfield Technologies hadsales of approximately USD 17 million in 2014 and has beenoperating as a stand-alone business within the SKFGroup.  

Aktiebolaget SKF
   (publ)

Posted: August 17, 2015, 6:30 am

Gothenburg, 14 August 2015: Patrik Stenberg has beenappointed Director, Investor Relations, starting 1 September 2015.Patrik joins SKF from AB Volvo and will be based in the Group’sheadquarters in Gothenburg, reporting to Christian Johansson, ChiefFinancial Officer.

Aktiebolaget SKF
   (publ)

Posted: August 14, 2015, 12:00 pm

Alrik Danielson, President and CEO:

”Demand in the quarter was largely in line with guidance, with reported sales in local currency declining with 1.5 percent, excluding structural change. We saw a good growth in railways except for China and in energy except for Europe. A weaker demand was seen in heavy industry and the distributor segment in North America as well as an underlying weaker demand in China. The automotive business in North America was also slow during the quarter.

The operating margin increased to 12.9 percent excluding one-time items and the balance sheet strengthened during the quarter. The cost-reduction programme progressed well and at the end of the quarter agreements have been reached covering 60 percent of the concerned individuals.

Within the Automotive Market a profit improvement programme was launched. A number of activities were initiated with the aim to improve productivity and the competitiveness of the business. The structure has been simplified and focused initiatives are being carried out through the value-chain.

In line with our ambition to focus efforts and resources on bearings, our main business and to strengthen our balance sheet, we have divested three non-core businesses: Erin Engineering and Research Inc., Purafil, and Kaydon Custom Filtration with a total consideration close to SEK 1 000 million on a cash-free and debt-free basis.

During the first-half year we saw a weak development of the global industrial production. Lately the uncertainty regarding the market demand in China has increased further. Entering the third quarter we all in all experience a relatively weak industrial production. Looking forward we expect demand to be sequentially slightly lower and relatively unchanged year-over-year.’’

Key figuresQ2        
2015
Q2        
2014
YTD      
2015
YTD
2014
Net sales, SEKm                                          
19 96117 95539 41534 689
Operating profit, SEKm2 3832 0964 1044 120
Operating margin, %11.911.710.411.9
One-time items, SEKm-194-119-849-2
Operating profit excl. one-time items, SEKm2 5772 2154 9534 122
Operating margin excl. one-time items %12.912.312.611.9
Profit before taxes, SEKm2 2411 7613 8333 548
Net profit, SEKm1 7061 1872 8712 462
Basic earnings per share, SEK3.652.546.115.26
Net cash flow after investments before financing1 654-1 4022 642-1 465

Operating profit in Q2 included one-time items of -194 million (-119), whereof -224 million (-98) related to the ongoing cost-reduction programme and the remainder +30 million
included profit on sold businesses as well as impairment and write-off of assets. In Q2 2014, the cash flow after investments before financing excluding the EU payment
was +1 423 million.

Key figures30 June 201531 March 201530 June 2014
Net working capital, % of annual sales30.932.132.7
ROCE for the 12-month period, %12.612.68.7
Net debt/equity, %113.4122.2143.7
Net debt/EBITDA2.83.24.7
Net sales change y-o-y, %:OrganicStructureCurrencyTotal
Q2 2014-1.5-0.212.911.2
YTD-0.2-0.113.913.6
Organic sales change in local
currencies, per region y-o-y, %:
EuropeNorth
America
Latin
America
AsiaMiddle East 
& Africa 
Q2 20150.7-5.74.6-3.715.7
YTD0.8-4.11.50.615.0

Outlook for the third quarter 2015

Demand compared to the third quarter 2014
The demand for SKF’s products and services is expected to be relatively unchanged for the Group, Europe and Asia. For North America it is expected to be lower and for Latin America higher. For all business areas it is  expected to be relatively unchanged.

Demand compared to the second quarter 2015
The demand for SKF’s products and services is expected to be slightly lower for the Group. For Europe it is expected to be lower and for all other regions it is expected to be relatively unchanged. For Industrial Market and Specialty Business it is expected to be relatively unchanged and for Automotive Market it is expected to be lower.

A teleconference will be held on 15 Julyat 09.00 (CEST), 08.00 (UK):

SE: +46 8 5065 3936
UK: +44 20 3427 1912
US: +1 646 254 3362


You will find all information regarding SKF Half-year report 2015 on the IR website.investors.skf.com/quarterlyreporting

AB SKF is required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at around 08.00 on 15 July 2015.

Posted: July 15, 2015, 6:00 am

Gothenburg, Sweden, 6 July 2015: The SKF Group will publish its results for the second quarter on 15 July 2015 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 09:00 (CET), 08:00 (UK time).  

To join the conference call, please dial-in using the following details at least 10 minutes before the start of the call:


SE: +46 8 5065 3936
UK: +44 20 3427 1912
US: +1 646 254 3362


Please inform the operator that you wish to take part in the SKF conference call.  

The Group's results for the second quarter of 2015 will be published around 08:00 (CET). All information regarding the results will be made available on the Group’s website: http://investors.skf.com/quarterlyreporting.


Media: To pre-book interviews with Alrik Danielson and Christian Johansson after the conference call, please contact Theo Kjellberg on theo.kjellberg@skf.com / +46 31-337 6576.

Aktiebolaget SKF
   (publ)

Posted: July 6, 2015, 6:00 am

Gothenburg, 30 June, 2015: SKF has completed thedivestment of two filtration businesses, Purafil and Kaydon CustomFiltration, to Filtration Group Corporation, an affiliate ofMadison Industries. Both Purafil and Kaydon Custom Filtrationjoined the SKF Group as part of the acquisition of KaydonCorporation in October 2013.

The total consideration for the divestment is a fixedpayment of USD 90 million on a cash-free and debt-free basis. Thereis also an earn-out of up to USD 5 million, based on achievement ofcertain financial targets by the end of 2015.

Purafil develops and maintains gas phase airfiltration systems and solutions that protect people, processes andthe environment and is headquartered in Atlanta, Georgia.

Kaydon Custom Filtration is a supplier of specializeddiesel fuel and oil filtration systems and filter elements forindustrial applications based in LaGrange, Georgia.

Purafil and Kaydon Custom Filtration had combinedsales of approximately USD 40 million in 2014 and have beenoperating as stand-alone businesses within the SKF Group.

Aktiebolaget SKF
   (publ)

Posted: June 30, 2015, 2:00 pm

Gothenburg, 30 June 2015: Due to a conversion ofshares from Series A to Series B in accordance with the Company’sArticles of Association, AB SKF confirms the following.  Asper 30 June the Company’s share capital amounts to SEK1,138,377,670 and the total number of shares amounts to 36,698,533shares of Series A and 418,652,535 shares of Series B. The numberof votes in the Company amounts to 78,563,787.  AB SKFdoes not hold any own shares.

Aktiebolaget SKF
  (publ)

Posted: June 30, 2015, 6:00 am
Gothenburg, 24 June, 2015: SKF has received two ‘Best Plant’ awards for outstanding performance in quality and logistics in manufacturing excellence for its factories in St Cyr, France and Tudela, Spain. The awards were giving during the PSA Group Best Supplier Awards ceremony June 16th in Poissy, France.

Aldo Cedrone, Director Bearing Manufacturing, Automotive Market, SKF says, “We are very happy to receive this recognition for our dedicated work achieving excellence in our manufacturing. In addition to the nominations strengthening our partnership with PSA, these awards provide further acknowledgement that we deliver on our brand promise and the high expectations set by the PSA Group.”

Mr. Yannick Bezard, Purchasing Executive Vice President, PSA Group, says: “When our Suppliers meet or exceed our expectations on quality and logistics performance, it is with great pleasure we present them with a well-deserved award. Without excellent suppliers delivering according to our stringent requirements, we cannot meet our customers’ expectations. SKF is one of our top suppliers and we look forward to continued manufacturing excellence with the same dedication as now.”

SKF has been a supplier to PSA for more than 40 years. The products supplied are bearings to the wheel-end, suspension, gearbox, clutch, engine as well as engine seals equipping several of PSA vehicle models. Recently announced, SKF supply the newly launched Citroen C4 Cactus and Peugeot 2008.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 436 6836; +1 215 801 8722;  Monique.Turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.
Posted: June 24, 2015, 12:00 pm
SKF will present a range of innovative products and services, customised to meet the needs of the Metallurgy Industry at METEC

Gothenburg, Sweden, 17 June 2015: At METEC 2015, SKF will be demonstrating a range of innovations that improve reliability and efficiency for upstream and downstream applications.

Backed by extensive metal-making application experience and real-world successes, these SKF solutions can help mills cut costs per tonne, improve product quality, reduce environmental impact and better compete in a global market.

Rolling mill solutions

Upgraded SKF Explorer four-row tapered roller bearings for work rolls
At the show, SKF will launch the new SKF Explorer four-row tapered roller bearing design for work rolls featuring open and sealed variants that are identical, both dimensionally and in terms of load carrying capacity. The result sets a new standard for interchangeability between open and sealed bearings and provides unprecedented freedom to match bearings to application demands. The sealed variant of this recently upgraded SKF Explorer bearings also feature an optimised seal design that offers improved performance and reliability compared to the previous design.

HSS seals for metalworking applications
Visitors to the stand will have the opportunity of discussing HSS seals for metalworking applications. Combining an all-rubber lip with a reinforced body, HSS seals for the metals industry offer mills an easy-to-install solution for large diameter seals in mill stands. Providing the stiffness of a cotton fiber-reinforced seal, the HSS seals are  available with lips made from  nitrile rubber (NBR or either of two SKF-developed materials, SKF Duratemp (HNBR) and SKF Duralife (FKM).

Caster solutions

SKF self-aligning bearing system
Combining a spherical roller bearing in the locating position and a CARB torroidal roller bearing in the non-locating position, the SKF self-aligning bearing system accommodates misalignments while eliminating the internal axial forces that can negatively affect load distribution in other bearing systems.

SKF ConRo
Visitors can also learn about SKF ConRo, a robust, self-contained, modular roll line that includes bearings, seals, housings, grease, roll bodies and if required, water connections. Featuring a patented sealing system that protects bearings from ingress of water and contaminants, SKF ConRo can help cut roll line operating costs by up to 50% and increase roll service life by up to 25%.

SKF Caster Analyst System
Also due to be exhibited is the SKF Caster Analyst System, which consists of a specialized load and temperature unit for advanced, reliable, real-time data collection during production. By measuring the temperature, load and load duration, and analyzing the data in comparison with process data, the system helps slab caster operators identify potential causes for production stops such as bent rolls, misalignment, cooling problems and more.

Lubrication solutions
With the combination of Lincoln and SKF lubrication solutions and capabilities, SKF is able to develop efficient automatic lubrication systems tailored specifically for the requirements of the metals industry. Several such systems will be on display at METEC 2015.

Dual-line lubrication systems
SKF dual-line systems, including SKF DuoFlex and Lincoln Helios, are ideal for harsh applications with many lubrication points over long distances. SKF dual-line systems will be on display on the caster and rolling mill exhibits.

Multi-line lubrication systems
SKF ProFlex and Multi-Flex or Lincoln Quicklub progressive automatic lubrication systems use a piston pump to supply a defined amount of lubricant through the main line to a metering device that serves each outlet. An SKF progressive automatic lubrica¬tion system will be on display at the conveyor exhibit.

SKF SYSTEM 24
This single-point automatic lubrication system continuously delivers precisely measured amounts of lubricant to desired points via a gas-driven pump. SKF SYSTEM 24 will also be on display at the conveyor exhibit.

Support services and technologies

SKF Encompass Field Performance Programme
SKF experts will be available to discuss the new Generalized Bearing Life Model. Developed as part of the SKF EnCompass Field Performance Programme, the Generalized Bearing Life Model can help engineers, including those working in the Metallurgy Industry to calculate a more realistic bearing rating life by considering more influencing factors than ever before.

To address customer needs for improved bearing field performance, SKF has optimised the design of a number of its bearings, including SKF Explorer spherical roller bearings. Upgraded SKF Explorer spherical roller bearings feature improvements in surface finish and heat treatment that help enable a service life twice that of the previous industry-leading SKF Explorer bearings, especially under contaminated or poor lubrication conditions.

SKF Enlight
Combining a powerful new mobile app with a special Bluetooth-enabled sensor, SKF Enlight allows non-expert staff to gather t data such as vibration and temperature information using standard mobile devices on demand.

The package features three main elements: a mobile app entitled Data Collect, which turns a standard mobile device such as a smartphone or tablet into a data collection device; the SKF Wireless Machine Condition Detector (WMCD), which is a special sensor that measures vibration and temperature data – and relays it to Data Collect via Bluetooth; and – if appropriate – ruggedized Atex Zone 1-compliant tablets and smartphones.

SKF Insight at METEC
Bearings have long been considered the heart of rotating machinery. SKF Insight makes them the brain as well. Enabled by self-powered, wireless sensors integrated in the bearing or housing, SKF Insight continuously monitors bearing load, speed, vibration, lubrication and temperature, then sends the data via the SKF Cloud for 24/7 access and analysis by customers, or SKF reliability experts at Remote Diagnostic Centers worldwide.

In the past, condition monitoring techniques could only monitor bearing damage after it had occurred. SKF Insight can provide data to enable Bearing Health Management, a process that allows customers to see how real time operating conditions are impacting the health and remaining useful life of their bearings.

SKF Remote Monitoring Service
This SKF solution makes it possible for any mill with Internet access to implement a world-class predictive maintenance (PdM) programme for periodic or continuous monitoring of critical machinery. SKF Remote Monitoring Service is ideal for plants with limited staff trained in predictive maintenance techniques; operations with sites located remotely from a central facility; and original equipment manufacturers that desire to provide a value-added service to their customers.

METEC is the Metallurgy industry’s largest exhibition, held once every four years. It takes place at the Trade Fair Center (Messe Dusseldorf) in Dusseldorf, Germany, on 16-20 June, 2015. Visitors to the event will find SKF at Hall 4, E20.

Aktiebolaget SKF
       (publ)

For further information, please contact:
 
Press Relations: Monique.Turner; +1 267 436 6836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593.www.skf.com  

® SKF is a registered trademark of the SKF Group.


Posted: June 17, 2015, 11:00 am

New SKF Explorer four-row tapered roller bearing design for work rolls in rolling mills makes open and sealed bearing variants completely interchangeable for greater design freedom and improved performance

Gothenburg, Sweden, 17 June 2015: At METEC 2015, SKF will launch its new SKF Explorer four- row tapered roller bearing design.

Featuring open and sealed variants that are identical, both dimensionally and in terms of load-carrying capacity, upgraded SKF Explorer four-row tapered roller bearings set a new standard for interchangeability, between open and sealed bearings and provide unprecedented freedom to match bearings to work roll application demands.

“Selecting open or sealed bearings for work rolls has often involved some compromise between load carry capacity, reliability and service life,” explains Mr Jacek Hudzikowski, SKF Metals Industry Business Engineer. “Thanks to their new design, upgraded SKF Explorer four-row tapered roller bearings are identical, both dimensionally and in load carrying capacity. This means that steel mills can choose the most suitable option to help boost performance, reliability and cut maintenance costs without compromise.”

The new compact seal allows a unified bearing design resulting in better performance compared to the previous versions. Made with a heat- and wear-resistant material, the seal offers better performance with lower friction, operating temperature and wear. Even the open bearings will have no cage protrusion. This makes handling the bearing much easier whilst reducing the risk of damage both during handling and operation. Designed to provide optimum stress distribution over the roller/raceway contact, SKF Explorer four-row tapered roller bearings can handle higher loads than previous designs. The four separate outer rings also allow better, more even load distribution and, consequently, longer service life.

Due to their spacer-less design, new SKF Explorer four-row tapered roller bearings are also easier to mount and dismount.

METEC is the Metallurgy industry’s largest Exhibition, held once every four years. It takes place at the Trade Fair Center (Messe Dusseldorf) in Dusseldorf, Germany, on 16-20 June, 2015.  Visitors to the event will find SKF at Hall 4, E20.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Monique.Turner; +1 267 436 6836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. 

Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

Posted: June 17, 2015, 11:00 am

Gothenburg, 15 June 2015: SKF has signed a long-termagreement with United Technologies Corporation (UTC) for the supplyof a range of bearings and components to UTC’s aerospacebusiness.

As part of the agreement, SKF will supply UTC’saerospace divisions with precision roller and ball bearings,including main shaft bearings, as well as seals and precisionelastomeric components used in helicopter applications.

Additionally, the agreement encompasses the deliveryof engine bearings to Pratt & Whitney, a UTC division, to beused in their Next Generation Product Family geared turbofanengines.

Rutger Barrdahl, President, Aerospace, says, “SKF andUTC have a long relationship, dating back to the 1950’s. Throughthis contract, we ensure that SKF’s technology and bearingscontinue to play a part in the development of aircraft that aremore fuel efficient, with lower engine noise and deliver improvedenvironmental performance.”

Sam Abdelmalek, Vice President, Supply Chain at UTC,says, “We are excited to continue our relationship with SKF,creating a strong foundation from which to further solidify andgrow our relationship. This One UTC Company agreement with SKF isgood progress in meeting our contractual governance model andensuring an efficient procurement process.”

Deliveries to UTC’s aerospace businesses havealready commenced.

Aktiebolaget SKF
    (publ)

Posted: June 15, 2015, 6:30 am
GOTHENBURG, Sweden, 2 June, 2015 – SKF announced that Hans Sjöström has been appointed new global Director of the SKF Vehicle Service Market Business Unit. Sjöström is replacing Christer Cedervall who takes up the role of Director, SKF Industrial Market Demand Chain & Logistics Services.

Sjöström has been with SKF for 18 years, holding positions such as Director SKF Automotive Market Business Development & Marketing and Director Business Consulting and head of Coated bearings. Sjöström has extensive experience in the automotive sector and his expertise includes R&D, marketing and sales, process engineering and operations management with companies such as Tenneco Automotive, Finnveden Metal Structures and SKF.

“I am very excited about this challenge”, says Sjöström. “While the business climate in the aftermarket remains ever-changing, I believe our strong SKF brand, our technology know-how as an OE supplier to the major automotive manufacturers, and our excellent logistics platforms provide many opportunities for the future. Going forward my goal is to further strengthen our focus on customer value through close partnerships with our distributor network and to provide the direction needed to meet the demands of the aftermarket.”

This change is effective as of May 1, 2015. In his new role Sjöström will continue to report to Stephane Le-Mounier, President SKF Automotive Market, and will remain located in Gothenburg, Sweden.

For further information, please contact:
Press Relations: Monique Turner, +1 267 436 6836; +1 215 801 8722, monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.
Posted: June 2, 2015, 12:00 pm
A breakthrough for SKF's condition-based technology within the marine industry

Gothenburg, Sweden, 1 June 2015: SKF has concluded a global service agreement with Floatel International AB to supply services within condition-based maintenance to the company's modern floating accommodation and service platforms for maintenance personnel within the offshore industry.

Floatel International would like to increase the service interval for its thrusters, which are used to keep the platforms in position, so-called dynamic positioning. By extending the maintenance interval from five to seven years, the company will have greater flexibility when planning dockyard visits, as well as increased flexibility in serving the market.

Extending the service interval is possible thanks to condition-based maintenance, which uses equipment and methods approved by the classification societies DNV and ABS. The primary advantage of using a condition-based system is an ability to meet the customer's accessibility needs and coordinate maintenance of on-board equipment with a dockyard visit. Using a condition-based system can also help to reduce the costs associated with dismantling the thrusters over the lifetime of the platform. It´s very costly to dismantle a thruster, meaning the overall cost is reduced by extending the service interval.

"This strategic agreement is an important development for SKF and our technology for condition-based maintenance within the marine industry," says Anders Welin, Business Engineer at SKF.

State-of-the-art floatels
Floatel International's state-of-the-art service vessels are built to withstand tough weather conditions at sea and the company currently operates four platforms around the world in the North Sea, the Gulf of Mexico, Australia and Brazil. The platforms can accommodate over 400 beds, 70 or so office work stations and over 2,000 m² of deck work area with cranes and service equipment.

SKF will equip each thruster on the platform with SKF Multilog IMX-M, which is a sophisticated online system for monitoring complex rotating machinery. This robust and easy-to-use system also communicates with the platform's internal control system (DCS), providing early notification about vibrations and temperatures that exceed established control limits. All data is stored and analysed on a monthly basis by experts at SKF using SKF Aptitude Observer software. Recommended actions are communicated to Floatel with the aid of a web-based presentation system, SKF Results Reporter.

"This global agreement for condition-based maintenance creates new opportunities for expanding the programme to include more of the system's critical mechanical elements," says Anders Welin.

Facts about Floatel International AB
Floatel International AB was established in 2006 to satisfy market demand for a new generation of offshore floatels. The company's vision is to own and operate the most modern, safe and reliable floatel fleet in the world in order to meet the increased market demand.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593.www.skf.com  

® SKF is a registered trademark of the SKF Group.
Posted: June 1, 2015, 8:00 am

SKF delivers wheel hub and MacPherson suspension bearing units for the Golf VII

Gothenburg, 28 May 2015: SKF is supplying Volkswagen with wheel hub and MacPherson suspension bearing units for the automaker’s Golf VII production in Puebla, Mexico. Deliveries started during the first quarter of 2015.

SKF is already supplying bearing units for the Golf VII across Europe and Asia. This new business extends the Group’s global collaboration with Volkswagen on the MQB Platform, to include North America.

Stephane Le-Mounier, President, Automotive Market says, “Volkswagen is one of our key strategic accounts and we are very pleased to extend our relationship with them. Our global footprint and focus on being close to our customers enables us to support Volkswagen wherever they produce their vehicles. We look forward to continuing to work with Volkswagen in developing solutions that contribute to comfortable, high performing vehicles.”

Located in close proximity to Volkswagen’s manufacturing site in the same city, SKF’s factory in Puebla, Mexico is able to offer just-in-time deliveries on short notice, whilst reducing the environmental impact associated with long delivery chains.



Aktiebolaget SKF
      (publ)



For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations:
Theo Kjellberg, +46 31-337 6576; +46 725-776 576; theo.kjellberg@skf.com
Investor Relations:
Marita Björk, +46 31-337 1994; +46 705-181 994; marita.bjork@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.

Posted: May 28, 2015, 6:30 am
SKF and SKF Blohm + Voss Industries will be presenting their combined product innovations for the marine industry at Nor-Shipping 2015.

Gothenburg, Sweden, 25 May 2015: SKF and SKF Blohm + Voss Industries will be showcasing its combined range of solutions for the marine industry at the Nor-Shipping trade fair on 2-5 June 2015 in Lillestrøm, near Oslo, Norway. Visitors to the exhibit will see first-hand a range of solutions that can boost marine machine performance and reliability.

At the show, SKF and SKF Blohm + Voss Industries will be demonstrating an impressive thruster exhibition model, which will enable visitors to see for themselves the full range of its associated products and services. Everything from the bearings, gear coupling and lubrication system, to the SIMPLEX-COMPACT seal and the propeller sleeve will be displayed. In addition, supplementary services, such as condition monitoring and alignment services, as well as SIMPLEX-COMPACT sterntube seals and an environmental monitoring system for measuring and recording emissions will also be on show.

SKF will also be presenting an in-depth seminar on Wednesday 3 June that focuses on the importance of vibration monitoring for the condition of machinery. This will provide visitors with everything they need to know about predictive maintenance, and will provide relevant case study examples.

Commenting on the event Anders Welin, Business Engineer at SKF, said: “Condition-based maintenance is a tried and trusted technique within the marine industry. It helps to improve machine efficiency and ensures timely repair of machines by keeping a constant watch on their condition, and identifying errors before they can cause problems. With this in mind, Nor-Shipping is the ideal event for SKF and SKF Blohm + Voss Industries to present their market leading marine solutions together.”

Visitors to the show will also find Reed Olsen & Schytz located at the stand next door to SKF and SKF Blohm + Voss Industries. The Norwegian ship chandler and marine supplier is the exclusive sales agent for SKF Blohm + Voss Industries products in the Norwegian market.

Visitors to the exhibition will find SKF in Hall E at stand 03-19. SKF and SKF Blohm + Voss Industries’ seminar will take place in the Thorn Hotel Arena between 12.30-14.00 on Wednesday 3 June and lunch is included for guests.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593.www.skf.com  

® SKF is a registered trademark of the SKF Group.
Posted: May 25, 2015, 12:30 pm

Gothenburg, 21 May 2015: SKF hassigned a three-year agreement with PT. Kereta Api Indonesia(Indonesian Railways), Indonesia’s state-owned railway operator,for the supply of tapered roller bearing units. The units will beproduced in SKF’s factory in Nankou, China, with deliveriesexpected to start during the third quarter of 2015.

SKF will also supply IndonesianRailways with aftermarket sealing solutions and dismountingtools.

Anders Fogelberg, Managing Director,Indonesia, says, “This is a prestigious and significant contractfor us to secure in a country with major on-going investments inrailway infrastructure. SKF’s tapered roller bearing units andsealing solutions contribute to more reliable train operation,increased passenger comfort and, ultimately, reduced environmentalimpact, through reduced friction. Producing the units in Chinaprovides us with a competitive edge that meets the high standardsand technical requirements of the railway industry.”

Aktiebolaget SKF
(publ)

For further information, pleasecontact:
Media Hotline:
+46 31 337 2400
Press Relations:
Theo Kjellberg, +46 31-337 6576;+46 725-776 576; theo.kjellberg@skf.com
Investor Relations:
Marita Björk, +46 31-337 1994; +46 705-181994; marita.bjork@skf.com

   


SKF is a leading global supplierof bearings, seals, mechatronics, lubrication systems, and serviceswhich include technical support, maintenance and reliabilityservices, engineering consulting and training. SKF is representedin more than 130 countries and has around 15,000 distributorlocations worldwide. Annual sales in 2014 were SEK 70 975 millionand the number of employees was 48 593. www.skf.com

® SKF is a registered trademarkof the SKF Group.

Posted: May 21, 2015, 7:00 am
Gothenburg, Sweden, 11, May 2015: SKF today announced the introduction of the TKSA 31 shaft alignment tool for easy laser alignment at an entry-level price. Developed for rotating machines in industrial applications, the instrument helps customers identify and correct shaft misalignments to improve equipment uptime, reliability and lower maintenance costs. The TKSA 31 and previously announced TKSA 41 are sharing the same design but TKSA 31 has a lower price than its big brother TKSA 41. In return, the smaller version has lower measurement flexibility and is lacking the camera function that allows pictures to be added to TKSA 41 alignment reports. Both tools are designed to make shaft alignment easy and intuitive, even for operators with minimal experience.

Comprised of two measuring units with large detectors and bright lasers, the TKSA 31 reduces the need for pre-alignment and provides precise measurements, even in challenging conditions. The embedded soft-foot tool helps establish the basis for successful alignment.

The TKSA 31’s liquid crystal display (LCD) with touchscreen navigation makes alignment fast and simple, and measurements can be performed by using the well-known 9-12-3-o’clock positions with additional flexibility of 40 degrees around each. The tool’s live view supports intuitive measurements and facilitates horizontal and vertical machine position corrections.

Because the instrument enables automatic measurements by detecting when the heads are in the correct position, operators can use both hands to rotate and hold the shafts in place. After each alignment, the TKSA 31 automatically generates a customized report with notes about the application, and each report can be exported as a portable document format (PDF) file. The built-in machine library helps to organize alignment reports and provides an overview of all machines.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com  

® SKF is a registered trademark of the SKF Group.
Posted: May 11, 2015, 11:00 am
The SKF Wind Farm Management Conference 2015 brings together operations and maintenance experts from the wind power industry

Gothenburg, Sweden, 11 May 2015: SKF gathered experts from the wind power industry last week for the 10th annual SKF Wind Farm Management Conference. Held in Amsterdam, the conference enabled experts from around the world to share the latest learnings and advice in wind farm management, operation and maintenance.

The industry driven conference saw 190 participants from the wind energy operations and maintenance community out of 23 countries, with presentations and panel debates held over a two day period. Ranging from maintenance strategies and sourcing spare parts, to asset life optimisation and the end of warranty process, the presentations delivered important information for achieving wind farm operation and maintenance best practice.

“With investment in wind turbine maintenance estimated to double by the end of the decade, it’s in the best interest of wind farm operators to make the process as efficient and effective as possible. The SKF Wind Farm Management Conference is the ideal forum for experts to discuss innovations, new ideas and wind farm management best practice in the wind power industry,” said Jean-Luc Gardelle, Head of Energy segments at SKF. Many participants consider SKF Wind Farm Management Conference a unique place to create network and exchange knowledge. I strongly believe that only by working together, we can take operation and maintenance to the next level.”

SKF provides a wide range of solutions to the wind energy industry. Following SKF’s Life Cycle Management approach, SKF’s wind energy solutions are designed specifically for use in applications such as gearboxes, generators and shafts, and optimise the reliability and performance of new and existing wind turbines.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com  

® SKF is a registered trademark of the SKF Group.

Posted: May 11, 2015, 7:00 am

As part of the agreement with ReGen Powertech, SKF will supply pitch and yaw bearings and mainshaft bearings

Gothenburg, Sweden, 05 May 2015: SKF has signed a strategic  agreement with ReGen Powertech, a leading Indian wind turbine manufacturer. Under the terms of the agreement, SKF will supply pitch and yaw bearing sets and mainshaft bearings for the company’s 1.5MW wind turbines.

Shishir Joshipura, Managing Director and Country Head, SKF India, said, “This agreement positions us as a strategic partner with a key manufacturer of wind turbines in India. These bearings will be manufactured at SKF’s state of the art manufacturing facility at Ahmedabad. This is a reflection of SKF’s response and commitment to the government’s ‘Make in India’ program.”

“ReGen has been buying Main Shaft Bearings from SKF since its inception. The partnership with SKF has helped ReGen to grow in the Indian Market. The new agreement signed for supply of pitch and yaw bearings is another step towards strengthening this partnership between the two companies. SKF has always been the preferred partner for ReGen and this relationship will continue to grow,” says Madhusudan Khemka, Managing Director, ReGen Powertech.

Aktiebolaget SKF
    (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. 


Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com


® SKF is a registered trademark of the SKF Group.

Posted: May 5, 2015, 8:00 am

Gothenburg, 5 May, 2015: SKF has completed the divestment of Erin Engineering and Research, Inc. to Jensen Hughes, a US-based engineering consultancy for the built environment. The total consideration of the deal is approximately SEK 230 million on a cash-free and debt-free basis.

Erin Engineering is a safety and reliability consultancy, specialising in the nuclear energy sector, that was acquired by SKF in February, 2002. Headquartered in Walnut Creek, California, with some 130 employees across the US, it has operated as a stand-alone business within the SKF Group. Sales in 2014 amounted to approximately SEK 250 million.


Aktiebolaget SKF
      (publ)


For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-776 576; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-181 994; marita.bjork@skf.com


SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.

Posted: May 5, 2015, 8:00 am

SKF will be presenting a range of innovations customized to meet the needs of the oil & gas industry at the Offshore Technology Conference 2015.

Gothenburg, Sweden, 4 May 2015: At the Offshore Technology Conference 2015, SKF will be demonstrating a range of innovations that improve reliability and efficiency in the oil & gas industry. The solutions on display at the event have been customized specifically to meet the needs of OEMs and operators in this sector.

At the show, SKF will be presenting its optimized SKF tapered roller thrust bearing, which has been designed to further improve the reliability of the top drive main thrust bearing by extending bearing service life and delivering higher load carrying capacity. This bearing features an enhanced design for increased load carrying capacity, high-wear resistance and greater ability to accommodate shocks - meeting the industry’s requirement for a main thrust bearing that can perform reliably in extreme operating conditions.

Visitors to the event can also experience first-hand SKF’s new Sensor bearing unit, a total system solution that combines ruggedized speed sensor technology with the simplicity of a unitized assembly for easy field retrofit in Top Drives or Drawworks applications. Containing a hybrid deep groove ball or cylindrical roller bearing, a magnetic impulse ring and a sensor embedded in the end cover with integral seals and lubricated for life, the SKF Sensor bearing unit can be installed quickly and easily and is extremely reliable, even in the harshest oil & gas environments.

Also due to be exhibited are Kaydon MTE-324T slewing ring bearings and Kaydon Reali-Slim® thin section bearings. The MTE-324T slewing ring bearing features a 4-point contact design and is ideal for use in a variety of oil & gas applications. It precisely and reliably carries radial, axial and moment loads simultaneously and has integral seals to resist contamination. Reali-Slim® thin section bearings feature a cross-section that stays constant as the bore diameter increases, providing more dynamic capacity than conventional bearings. Available in a wide range of styles and sized, benefits of Reali-Slim® thin section bearings include: space and weight savings for more compact designs; longer life than standard bearings; enhanced design flexibility; and consistently high-level performance.

SKF experts will be available to discuss the new Generalized Bearing Life Model, which has been developed as part of the SKF EnCompass Field Performance Programme. The Generalized Bearing Life Model is designed to help engineers, including those working in the oil & gas sector, to calculate a more realistic bearing service life by considering more application parameters than ever before. To address customer needs for improved bearing field performance, SKF has optimised the design of a number of its bearings. This includes SKF Explorer spherical roller bearings, which can now have a service life twice that of previous industry-leading SKF Explorer bearings, especially under contaminated or poor lubrication conditions.

Visitors will also have the opportunity to discuss customized sealing solutions for well control and valve applications with SKF experts. As a specialist provider of customized sealing solutions with a full range of proprietary NORSOK approved materials, SKF is able to rapidly develop customized seals to meet virtually any requirement. SKF’s well control sealing solutions include the FS seal, patented locking T-seal, hydraulic seals for blowout preventers and a new gate valve stem seal that has been recently qualified to the new API6A 21st edition specification for 20,000 psi applications.

In addition, visitors can learn more about several new SKFS2M magnetic bearing technology innovations for turbo-machinery applications. For example, the E300V2 control system is a 300 Volt, 30 Amp digital electronic control cabinet that features a number of important new features, including remote monitoring and automatic diagnostics, greater redundancy of key components, backup UPS and a high-resolution data acquisition system. SKF S2M active magnetic bearings, which are installed at over 1,000 oil & gas sites around the world, deliver proven benefits for turbo-machinery, such as increased operating speed range, elimination of lubrication system, high reliability, no mechanical wear and lower energy consumption.

The SKF Upstream Oil and Gas Support app is now available to download from the App Store on iTunes. This helps OEMs to boost equipment reliability and performance by describing common goals, challenges and the SKF solutions on offer.

You can find the app in the Apple itunes store: https://itunes.apple.com/us/app/skf-upstream-oil-and-gas/id986679893?mt=8

The Offshore Technology Conference 2015 is the oil & gas industry’s largest equipment exhibition. It takes place at the NRG (formerly Reliant) Park trade show and convention complex in Houston, Texas, on 4-7 May 2015. Visitors to the event will find SKF at Booth 2601.

Aktiebolaget SKF
    (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 4366836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.

Posted: May 4, 2015, 12:00 pm

Gothenburg, 30 April 2015: Due to a conversion ofshares from Series A to Series B in accordance with the Company’sArticles of Association, AB SKF confirms the following.  Asper 30 April the Company’s share capital amounts to SEK1,138,377,670 and the total number of shares amounts to 36,758,533shares of Series A and 418,592,535 shares of Series B. The numberof votes in the Company amounts to 78, 617, 787.  AB SKFdoes not hold any own shares.

Aktiebolaget SKF
(publ)

AB SKF is required to disclose the informationprovided herein pursuant to the Securities Markets Act and/or theFinancial Instruments Trading Act. The information was submittedfor publication at 08:00 on 30 April 2015.

Posted: April 30, 2015, 6:00 am
SKF has launched an upgraded version of its third generation hub bearing unit (HBU3), designed to reduce preload range, friction and CO2 emissions

Gothenburg, 27 April 2015: SKF, the knowledge engineering company, has launched the latest version of its third generation hub bearing unit (HBU3), which features reduced preload range. This reduces friction by up to 10 percent, helping to minimize CO2 emissions and making the new unit ideal for use in cars and vans.

SKF has achieved the reduction in preload range by revising the design of internal components and enhancing still further the manufacturing and assembly process.

By reducing the preload range, SKF has cut friction by up to 10 percent, which potentially reduces CO2 emissions and delivers greater fuel efficiency. The new robust design and manufacturing technique has also further improved the reliability and quality of the existing hub bearing unit.

“SKF’s existing third generation hub bearing unit has proven to be of an exceptionally high standard of quality and reliability. The new upgraded version raises the bar even higher, delivering greater benefits than alternative market offers,” said Massimiliano Leone, Customer Project Manager – Automotive Market at SKF. “The third generation hub bearing unit has been developed working with leading automotive OEMs. As a result, we have produced a unit that is easy to install and replace, that offers class-leading standards of reliability, and with the latest enhancements, now gives both OEMs and their customers the opportunity to improve vehicle performance even further.”

The introduction of the new hub bearing unit follows SKF’s recent launch of a low friction grease and high performance seal, which are already consolidated technology on the third generation hub bearing unit.

Aktiebolaget SKF
    (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 4366836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.
Posted: April 27, 2015, 2:00 pm

Gothenburg, 22 April 2015: SKF hasopened a hybrid production channel in its manufacturing facility inJakarta, Indonesia. This production channel has been designed to beable to produce two different types of product families: single-rowdeep groove ball bearings and double-row angular contact ballbearings, i.e. hub bearing units.

As a result of its flexibleproduction capabilities and local presence, SKF has also secured acontract for the supply of wheel hub bearing units for the HondaJazz model. The agreement is valid until 2017 and deliveries willcommence during the second half of 2015.

Stephane Le-Mounier, President,Automotive Market says, “Developing manufacturing processes andsystems that increase production utilization is key to improvingour efficiency and, ultimately, our profitability. I am verypleased to see that this investment is providing value for both usand our customers. I am confident that we can offer customersincreased benefits from our locally produced products, customerservice and technical expertise.”

Aktiebolaget SKF
(publ)

For further information,please contact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576;+46 725-776 576; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46705-181 994; marita.bjork@skf.com

SKF is a leading global supplier ofbearings, seals, mechatronics, lubrication systems, and serviceswhich include technical support, maintenance and reliabilityservices, engineering consulting and training. SKF is representedin more than 130 countries and has around 15,000 distributorlocations worldwide. Annual sales in 2014 were SEK 70,975 millionand the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKFGroup.

Posted: April 22, 2015, 7:00 am

Gothenburg, 22 April 2015: SKFannounces that Christian Johansson will start in his position asSenior Vice President and CFO of AB SKF on 15 June 2015.

As previously announced, the Group’scurrent Executive Vice President and CFO, Henrik Lange, hasresigned in order to become CEO of Gunnebo AB. Henrik will leavehis employment with SKF on 31 May 2015.

Aktiebolaget SKF
(publ)

For further information,please contact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576;+46 725-776 576; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46705-181 994; marita.bjork@skf.com

SKF is a leading global supplier ofbearings, seals, mechatronics, lubrication systems, and serviceswhich include technical support, maintenance and reliabilityservices, engineering consulting and training. SKF is representedin more than 130 countries and has around 15,000 distributorlocations worldwide. Annual sales in 2014 were SEK 70 975 millionand the number of employees was 48 593. www.skf.com

® SKF is a registered trademark ofthe SKF Group.

Posted: April 22, 2015, 6:30 am
Gothenburg, 21 April, 2015: SKF has recently received the Best Supplier Award from SAGW, one of the leading automotive transmission system manufacturers in China. SKF has been recognized for delivering outstanding performance of products and services offered in 2014.

Ulrich Selig, Director Sales Asia, Automotive Market says, “The Best Supplier Award is the highest award SAGW presents to its suppliers. This is great recognition of the successful co-operation that has been established in a very short time. Our strong dedication and attention to the needs of SAGW has truly been recognized and we look forward to the continuation of a successful partnership.”

Hong Gao, Executive Director, SAGW, says: “To maintain the industry’s leading position and realize the strategic target for business development, every step in procurement and manufacturing must be the best. SKF’s outstanding performance is helping us in reaching this target steadily.”

SKF has been a supplier to SAGW since 2011. This fast growing engineering partnership led to a Strategic Partnership Agreement in 2014, and several new business agreements. Recent ones include supplying transmission bearings and seals for several new gearbox models to equip car models from SGM, SGMW, Haima Motor.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 436 6836; +1 215 801 8722, monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com


® SKF is a registered trademark of the SKF Group

Posted: April 21, 2015, 2:00 pm

Gothenburg, 17 April 2015: SKF isinvesting SEK 190 million in modernizing its spherical rollerbearing production channels in Gothenburg. The investment is partof the Group’s focus on the development of world classmanufacturing processes.

More modern manufacturing processes,including intelligent grinding, which enables reduced set-up timesand improved production efficiency, will be combined with SKF’s owncondition monitoring and mobile connectivity solutions. With accessto real-time and remote monitoring, operators will be empowered tobetter predict and plan machine maintenance schedules, as well asdevelop long-term statistical evaluations of diagnosticdata.

Luc Graux, Manufacturing Director,Industrial Market, says, “Combining new manufacturing processeswith our condition monitoring and connectivity solutions reallybrings us into the modern era. It will also help make ourproduction more flexible and efficient, as we roll-out the SKFProduction System in Gothenburg.”

Speaking about the Group’s focus onsustainability, he says, “This investment supports our continuedfocus on energy efficiency. Since 2006, we have reduced our energyusage by 300 GWh (16%), despite significant increases in productionoutput.”

The investments announced today areexpected to be completed by the end of 2016.

Aktiebolaget SKF
(publ)

For further information, pleasecontact:
Media Hotline:
+46 31 337 2400
Press Relations:
Theo Kjellberg, +46 31-337 6576;+46 725-776 576; theo.kjellberg@skf.com
Investor Relations:
Marita Björk, +46 31-337 1994; +46705-181 994; marita.bjork@skf.com

  
SKF is a leading global supplier of bearings, seals, mechatronics,lubrication systems, and services which include technical support,maintenance and reliability services, engineering consulting andtraining. SKF is represented in more than 130 countries and hasaround 15,000 distributor locations worldwide. Annual sales in 2014were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark ofthe SKF Group.
™ BeyondZero is a trademark of the SKFGroup

Posted: April 17, 2015, 6:39 am

Alrik Danielson, President and CEO:
”Demand was in line with our expectations, with reported sales growth in local currencies of 1,4%. All three business areas showed an increase in sales in local currencies. Geographically, Asia continued to show a good growth followed by Europe and Latin America which were relatively unchanged while in North America the business slowed somewhat due to lower activity in some of our key industries. Cash flow from operations was strong, even though we built some working capital in the quarter due to seasonality.
There has been a high focus on implementing the already announced restructuring
programme and I am pleased to see the good progress so far, around 40%.
The high focus on innovations is continuing throughout the organization and we have launched several new innovations to help our customers improve their productivity and reduce energy usage. For example, we introduced a new generalized bearing life concept enabling customers to much better account for real-life conditions when calculating SKF bearing life in their machines.
Looking forward, there is continued uncertainty from a macro perspective. Sequentially and year on year we expect the demand to be relatively unchanged for the Group.
I am also pleased to welcome a new Senior Vice President and CFO for the Group, Christian Johansson.’’


Key figures
Q1 2015Q1 2014
Net sales, SEKm19 45416 734
Operating profit, SEKm1 7212 024
Operating margin, %8.812.1
One-time items (- costs, + income)-655117
Operating profit excluding one-time items, SEKm2 3761 907
Operating margin excl. one-time items %12.211.4
Profit before taxes, SEKm1 5921 787
Net profit, SEKm1 1651 275
Basic earnings per share, SEK2.462.72

One-time items in Q1 2015 include SEK -535 million for the ongoing cost-reduction programme, and the remainder relates to write-offs of assets.

31 March 201531 December 201431 March 2014
Net working capital, % of annual sales32.130.632.8
ROCE for the 12-month period, %12.613.98.4
Net debt/equity, %122.2126.6117.6
Net debt/EBITDA, %3.23.04.2


Net sales change y-o-y, %:OrganicStructureCurrencyTotal
Q1 20151.4014.916.3


Organic sales change in local currencies, per region y-o-y, %:EuropeNorthAmericaLatin AmericaAsiaMiddle East & Africa
Q1 20151.0-2.40.45.614.2

Outlook for the second quarter of 2015

Demand compared to the second quarter 2014
The demand for SKF’s products and services is expected to be relatively unchanged for the Group and for Europe. For Asia it is expected to be higher and for North and Latin America slightly lower. Per business area, for both Industrial Market and Automotive Market it is expected to be relatively unchanged, and for Specialty Business to be slightly higher.

Demand compared to the first quarter 2015
The demand for SKF’s products and services is expected to be relatively unchanged for the Group, Europe and North America. For Asia it is expected to be higher and for Latin America slightly lower. Per business area, for both Industrial Market and Automotive Market it is expected to be relatively unchanged, and for Specialty Business to be slightly higher.

Manufacturing
Manufacturing is expected to be relatively unchanged year over year and compared to the first quarter.

Gothenburg, 17 April 2015

Aktiebolaget SKF
      (publ)

A teleconference will be held on 17 April at 09.00 (CET), 08.00 (UK):
SE: +46 8 5033 6538
UK: +44 20 3427 1902
US: +1 212 444 0895

You will find all information regarding SKF First-quarter results 2015 on the IR website.investors.skf.com/quarterlyreporting

AB SKF is required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at around 08.00 on 17 April 2015.


For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-776 576; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-181 994; marita.bjork@skf.com


SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com  

Posted: April 17, 2015, 6:00 am

Gothenburg, 16 April 2015: SKF isinvesting in the construction of a large-size bearing (LSB) testcentre in Schweinfurt, Germany. The investment, which totals SEK360 million, is being supported by both the German Government andState of Bavaria, who are contributing SEK 28 million infunding.

The test centre will have two LSBtest rigs; one for testing bearings used in wind turbine mainshafts and one for applications across a wider scope of industries,including marine, mining, construction and steel. The former willbe able to test bearings with an outer ring diameter of up to sixmetres, with extreme bending moments and dynamic loadingconditions.

The bearing test rig dedicated tothe wind energy segment will be the first in the world capable oftesting single rotor bearings as well as mainshaft bearingarrangements in a realistic application environment. Utilizingoriginal customer components, engineers will be able to bettertailor SKF’s bearings to customer’s exact needs.

The other test rig offers uniquecapabilities to improve simulation tools that support large-sizebearing development and tailoring solutions for a variety ofindustries.

Bernd Stephan, Senior VicePresident, Group Technology Development, says, “This investmentreinforces our focus on generating value for customers throughapplication-specific solutions that improve bearing performance andefficiency. We are very pleased and grateful for the supportprovided by the German and Bavarian State Governments in thisproject.”

“This new facility willsignificantly cut the length of time the testing process takes,reducing associated energy consumption and CO2 emissions. Recyclingresidual heat from both test rigs will also contribute to lowerenergy usage.”

Construction of the bearing testcentre will commence during the summer of 2015 and is expected tobe completed during the first half of 2017.

Aktiebolaget SKF
(publ)

For further information, pleasecontact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576;+46 725-776 576; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46705-181 994; marita.bjork@skf.com

SKF is a leading global supplierof bearings, seals, mechatronics, lubrication systems, and serviceswhich include technical support, maintenance and reliabilityservices, engineering consulting and training. SKF is representedin more than 130 countries and has around 15,000 distributorlocations worldwide. Annual sales in 2014 were SEK 70 975 millionand the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKFGroup.


Posted: April 16, 2015, 6:00 am
Gothenburg, Sweden, 15 April 2015:  SKF today announced the introduction of the TKSA 41 shaft alignment tool with enhanced measuring and reporting capabilities. Developed for use in industrial applications utilizing rotating machines, the instrument helps customers identify and correct shaft misalignment to improve equipment uptime and lower maintenance costs. The TKSA 41 has been designed to make shaft alignment easy, even for operators with minimal experience.

Comprised of two wireless measuring units, large detectors and bright lasers, the TKSA 41 provides precise measurements, even in challenging conditions or difficult-to-access applications. Its liquid crystal display (LCD) with touchscreen navigation makes alignment fast and simple, and its free measurement feature allows alignment measurements to start at any angle and finish with a total angular sweep of only 90 degrees. The TKSA 41’s live view supports intuitive measurements and facilitates horizontal and vertical alignment corrections.

Because the instrument enables hands-free measurement by detecting when the heads are in the correct position, operators can use both hands to rotate and hold the shafts in place. After each alignment, the TKSA 41 automatically generates a customized report with notes and pictures available from its built-in camera. This camera also enables QR codes to be scanned for machine identification and access to the machine library to review past alignment reports or to start a new alignment process. The TKSA 41 replaces its predecessor, the widely used TKSA 40.

Aktiebolaget SKF
    (publ)

For further information, please contact:
SKF Group Communication: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97;nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.
Posted: April 15, 2015, 7:00 am

Gothenburg, 14 April 2015: ChristianJohansson has been appointed Senior Vice President and CFO of ABSKF.

Christian Johansson is currently CFOof Gunnebo AB and will start his new position no later than October2015. Born in 1963, Christian holds a Bachelor of Science inBusiness Administration from Stockholm University. His previousroles include senior positions within Alfa Laval, ABB andVolvo.

Alrik Danielson, Chief ExecutiveOfficer, says, “Christian has a solid financial background,extensive international experience and wide industrial knowledge.He will be a strong addition to our Group Management."

Aktiebolaget SKF
         (publ)

For furtherinformation, please contact:
Media Hotline:
+46 31 337 2400
Press Relations:
Theo Kjellberg, +46 31-337 6576;+46 725-776 576; theo.kjellberg@skf.com
Investor Relations:
Marita Björk, +46 31-337 1994; +46 705-181994; marita.bjork@skf.com

   


SKF is a leadingglobal supplier of bearings, seals, mechatronics, lubricationsystems, and services which include technical support, maintenanceand reliability services, engineering consulting and training. SKFis represented in more than 130 countries and has around 15,000distributor locations worldwide. Annual sales in 2014 were SEK 70975 million and the number of employees was 48 593. www.skf.com  

® SKF is a registered trademark ofthe SKF Group.
™ BeyondZero is a trademark of the SKFGroup

Posted: April 14, 2015, 12:00 pm
SKF Powers the Future at Hannover

Gothenburg, Sweden, 13 April 2015: SKF will be presenting a selection of its leading products and innovations as well as an innovative technical discovery at Hannover Messe 2015.

SKF has been developing advanced solutions to customers operating across industry since 1907. The company utilises its vast experience and industry insight to continuously produce new technologies, which deliver competitive advantages to customers, such as improved productivity and sustainability.

This experience and expertise has established SKF as an industry leader in product design and development. We attribute this to a forward thinking culture and a commitment to delivering cutting-edge solutions that meet the needs of customers, including bearings and units, seals, mechatronics, services and lubrication systems. We call this SKF Knowledge Engineering and it is this approach that will power the future of industry.

Press releases for SKF product launches at Hannover 2015

SKF outlines how to Power the Future at Hannover

SKF launches innovative new bearing rating life model

SKF optimizes products as part of new field performance programme

SKF Insight intelligent bearing technology trialed in railway and wind energy sectors

SKF Insight reduces railway maintenance costs

SKF boosts reliability and efficiency of O&G Top Drive Solutions

New magnetic system from SKF offers oil-free, energy-efficient solutions for centrifugal compressors in chillers

SKF launches new oil-free pure refrigerant lubricated bearings for centrifugal compressors in chillers

SKF at Hannover fair: mobile app and vibration sensor allow collection of expert data by non-experts

SKF at Hannover fair: intrinsically safe tablets and smartphones take mobility into hazardous areas

SKF pioneers cloud-based solution for data collecting

SKF makes shaft alignment quick, versatile and intuitive

SKF to show latest turbo-machinery solutions at Hannover Fair

Sliding Door Damper moves heavy doors and windows smoothly into their final position
 
New SKF Tyre Pressure Monitoring System cuts haulage costs and increases safety

SKF ePowertrain portfolio reduces costs for hybrid and electric vehicles
Posted: April 13, 2015, 2:16 pm
Gothenburg, Sweden, 13 April 2015: SKF will be presenting a selection of its leading products and innovations as well as an innovative technical discovery at Hannover Messe 2015.

SKF has been developing advanced solutions to customers operating across industry since 1907. The company utilises its vast experience and industry insight to continuously produce new technologies, which deliver competitive advantages to customers, such as improved productivity and sustainability.

This experience and expertise has established SKF as an industry leader in product design and development. We attribute this to a forward thinking culture and a commitment to delivering cutting-edge solutions that meet the needs of customers, including bearings and units, seals, mechatronics, services and lubrication systems. We call this SKF Knowledge Engineering and it is this approach that will power the future of industry.

SKF launches innovative new bearing rating life model
SKF has launched the SKF Generalized Bearing Life Model, a pioneering new bearing rating life model that is specifically designed to help engineers to calculate a more realistic bearing rating life by considering more influencing factors than before. The new model is a major step forward for the industry, and will play a vital role in enabling OEMs and end users to match bearings and application conditions with even greater certainty, resulting in improved machine life and reduced operating costs.

Developed as part of the SKF EnCompass Field Performance Programme, the new bearing rating life model will enable original equipment designers and end users to more closely match bearings to actual application conditions, therefore further optimising bearing performance.

The current bearing life model is primarily calculated based on damage below the bearing’s surface. However, SKF’s experience over a number of decades has confirmed that today’s high quality bearings rarely fail because of sub-surface damage resulting from inadequate load capacity. They generally fail as a result of surface damage caused by such factors as contamination, inadequate lubrication, surface distress and wear.

Power the future with SKF’s new report
In partnership with industrial technology experts and academics from all over the world, we have released a new thought leadership report focusing on the future of manufacturing and engineering. The document, entitled ‘Power the Future’, features contributions by specialists from within SKF and leading external authorities. It focuses on current and emerging trends in engineering technology and processes, and outlines how the factory, machinery and the workforce will evolve in the near future.

‘Power the Future’ will enable engineers and students to develop a greater knowledge of the main areas of interest that are predicted to become increasingly prevalent to future technology developments in a variety of key global industrial segments.

The Power the Future report can be downloaded for free from www.skfpowerthefuture.com

Launched at Hannover: SKF smart innovations boost mobility and connectivity
At Hannover, we will be launching a variety of new product innovations that boost mobility and connectivity in industrial applications.

SKF Enlight
SKF Enlight is a package that combines a powerful new mobile app with a special Bluetooth-enabled sensor. It allows non-expert staff to gather expert data such as vibration and temperature information, using standard mobile devices on demand.

The package features three main elements: a mobile app entitled Data Collect, which turns a standard mobile device such as a smartphone or tablet into a data collection device; the SKF Wireless Machine Condition Detector (WMCD), which is a special sensor that measures vibration and temperature data – and relays it to Data Collect via Bluetooth; and – if appropriate – ruggedized Atex Zone 1-compliant tablets and smartphones, if users need to collect data in hazardous areas such as oil & gas, refining, chemicals and pharmaceuticals .

TKSA 51
The TKSA 51 is a new SKF shaft alignment tool, which prevents shaft misalignment. Easy to use, the TKSA 51 is the first instrument designed for intuitive shaft alignments using tablets and smartphones. The app makes it quick and easy to set up of motors, drives, fans, gearboxes, pulleys and couplings, even by first time users. It comprises two compact and lightweight laser measuring units, designed to suit almost any application. Using the versatile shaft brackets, the instrument can be mounted on small machines with limited space, whilst extension chains, rods and magnetic holders are supplied for mounting the tool on large machines.

SKF Insight
The company has begun to apply SKF Insight – its revolutionary bearing health management technology – in several new industry projects . The technology, which uses a self-powered, intelligent wireless sensor in the bearing to provide instant condition monitoring data via the Internet, is undergoing trials in challenging projects in the wind turbine and rail industries.

In cooperation with SJ, the Swedish national rail operator, started to run SKF Insight on a railway vehicle. This trial will demonstrate the technical and commercial advantages; including the ability to improve the in-service availability of passenger rail vehicles, while reducing maintenance costs gradually.

SKF Insight monitors dynamic parameters such as vibration, temperature, lubrication condition and load, and informs the user when conditions are abnormal and can threaten to cause bearing damage. When it was launched, at Hannover 2013, SKF Insight was a technology concept – a way in which maintenance engineers might improve condition monitoring by keeping tabs on bearing health. Two years on, it is a fully functioning solution running in customer pilots, capable of supplying data directly to diagnostic centres for better condition monitoring via the SKF Cloud using SKF @ptitude

SKF to showcase a selection of technology innovations at Hannover 2015
Visitors to Hannover Messe 2015 will also get a glimpse of a selection of our other innovations, designed for use in a variety of industries, including Oil & Gas, Automotive and many more. These innovations will be displayed on individual exhibits at the SKF exhibition stand.

Top Drive exhibit
The top drive exhibit will showcase a range of our advanced solutions that are helping to improve the operational reliability of critical top drive systems in the oil and gas sector. This includes bearings, seals, lubrication and condition monitoring products.

The latest top drive equipment, used to rotate the drill string during the drilling process, offers a number of important benefits. It can, however, be subject to costly failures due to mud and lubricant contamination, excessive loads and vibration, or electrical discharges and hydraulic blockages. SKF top drive bearing solutions are designed to address these challenges. For example, the main tapered roller thrust bearing has been specifically designed for the drilling industry using the latest SKF modelling programs capable of simulating relevant operating conditions

Sliding Door Damper exhibit
The Sliding Door Damper (SDD) incorporates two gas springs and an oil damper, ensuring that doors up to 400kg in weight can quickly be brought to a soft, safe final position – almost no matter how hard they are closed. As well as acting as a brake, the SDD also positions the door in its closed position and is ideal for use in a range of sliding door structures, such as barn doors, room partitions and French windows.

The design - which is available in four different sizes, each with a different casing length - is a vast improvement on existing systems, which tend to use a single air-gas-oil spring, and are limited to doors up to 100kg in weight. At the same time, they are often bulky, expensive and require an electrical or hydraulic connection. The new product combines three separate functions: regressive braking; cushioned docking; and gentle closing. It decelerates the linear motion of doors, windows and even heavy drawers until they reach a defined end position.

Tyre Pressure Monitoring System exhibit
Meeting the need for safer driving and increased efficiency, the SKF Tyre Pressure Monitoring System delivers reliable and wireless continuous tyre monitoring in trucks and trailers to prevent unplanned vehicle downtime.

Designed to reduce the risk of tyre blowouts, improve fuel economy and cut CO2 emissions, the Tyre Pressure Monitoring system features robust modules that are mounted externally on each wheel.  These monitor tyre pressure and temperature and are designed to eliminate the problems of air leakage that can often be found with other methods using external monitoring air-tubes. The temperature and pressure data collected is highly reliable due to using advanced algorithms for calculations and is transferred accurately due to a high signal strength of 2,4 GHz.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF and SKF Insight are registered trademarks of the SKF Group.
SKF EnCompass is a trademark of the SKF Group.
Posted: April 13, 2015, 2:15 pm
The development of an innovative, rolling bearing rating life model leads to a deeper insight into how to improve the field performance of bearing applications.

Gothenburg, Sweden, 13 April 2015: SKF has launched a pioneering new model that will help engineers to calculate a more realistic bearing rating life by considering more influencing factors than before. The new model is a major step forward for the industry, and will play a vital role in enabling OEMs and end users to match bearings to application conditions with even greater certainty, resulting in improved bearing life and reduced operating costs.

Developed as part of the SKF EnCompass Field Performance Programme, the new SKF Generalized Bearing Life Model will enable original equipment designers and end users to more closely match bearings to actual application conditions.

SKF has developed the model and a corresponding technical paper, which due to its significance to the wider industrial and engineering disciplines has been submitted to the scientific community. The new model builds on the strengths of the current bearing life model, which was developed by SKF over 30 years ago, standardized in ISO 281:2007 and currently used worldwide.

The new SKF Generalized Bearing Life Model now successfully separates surface from sub-surface failure modes. Based on explicit tribological models, it factors in new performance parameters, including those for lubrication, contamination, surface strength and mild-wear resistance. By understanding and accounting for more potential failure modes, the model is able to more realistically predict bearing behaviour and life under a wide range of operating conditions in the field.

Alrik Danielson, SKF Group President and CEO, notes, “SKF is proud to be taking the lead once again in advancing the science of tribology and applying it to bearing optimisation in our customers’ applications. This innovative new model will improve our ability to help customers select bearings to meet their specific application needs in terms of bearing life, speed, energy use and more.”

The current bearing rating life model is primarily based on sub-surface fatigue damage accumulation which is transformed into a bearing survival probability by using the Weibull probability distribution model and then modified with surface stress concentration models for poor lubrication and lubricant contamination. The model is used to determine a bearing’s unique basic dynamic load rating, also known as C-value; the load for which the calculated rating life of the bearing population with 90% reliability is one million revolutions. However, today SKF high quality bearings rarely fail due to sub-surface fatigue damage. Nowadays failure is typically the result of surface damage caused by such factors as contamination, inadequate lubrication, or other environmental conditions that lead to surface distress and wear.

Bernd Stephan, Senior Vice President, Group Technology Development, explains, “C-value is still a relevant performance parameter, but it tells only part of the story because it doesn’t account for the bearing’s rolling contact micro-geometry, material properties and other critical factors. New steel heat treatments or materials, better surface textures and contact profiles, high-performance coatings, hybrid bearings, better lubricants – these things cannot be reflected with increases of a single sub-surface fatigue performance parameter like C-value. This is why new concepts in bearing life models are required which, combined with SKF’s application knowledge, to enable improved field performance.”

Another benefit of the new model is that it is flexible enough to allow the integration of new knowledge in the tribology and materials sciences as it is developed. As bearing science evolves, so will the model.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.
SKF EnCompass is a trademark of the SKF Group.
Posted: April 13, 2015, 2:14 pm
With the introduction of the SKF EnCompass Field Performance Programme the company launches new, improved versions of four existing product lines to better match bearings for customers’ application needs.

Gothenburg, Sweden, 13 April 2015: To address customer needs for improved bearing field performance, SKF launches its new SKF EnCompass Field Performance Programme. Leveraging SKF’s depth of application experience and tribological knowledge, the company-wide initiative focuses on bearing design optimization and more detailed analysis of the factors influencing bearing rating life to help meet real-world application conditions.

As part of the programme, SKF has optimized its SKF Explorer spherical roller bearings, SKF Energy Efficient deep groove ball bearings, SKF Energy Efficient Y-bearings and units and SKF Explorer steel/steel plain bearings.

SKF EnCompass really demonstrates our dedication to understanding and fulfilling the needs of our customers. They face unique and challenging application conditions and with these optimized product lines and calculation methods, we can help them match bearings to running conditions better than ever before, resulting in improved bearing life and reduced operating costs”, says Helene Richmond, Head of SKF Product Lines.

As the result of improvements such as surface finishes and heat treatment, upgraded SKF Explorer spherical roller bearings can have a service life twice that of the previous industry-leading SKF Explorer bearings, especially under contaminated or poor lubrication conditions. In addition, with a new design that results in up to 50 percent less seal friction, small sealed spherical roller bearings now offer reduced operating temperatures by up to 20 °C, enabling limiting speeds to be doubled.

SKF Energy Efficient (E2) deep groove ball bearings can provide more than twice the service life while reducing energy use. Design improvements reduce frictional losses in the bearing by up to 30 percent when compared to the same-size SKF Explorer bearing. SKF now offers an extended catalogue range of shielded and sealed SKF E2 deep groove ball bearings in order to cover a larger range of application requirements.

SKF Energy Efficient (E2) Y-bearings and Y-bearing units are characterized by a frictional moment that is up to 50 percent lower when compared to the same-sized standard Y-bearing. In addition to the energy savings offered by SKF E2 Y-bearings, SKF now offers fully assembled SKF E2 Y-bearing units that combine SKF E2 Y-bearings and SKF composite housings. Helping to reduce total cost of ownership, these lightweight, cost-effective and ready-to-mount units are particularly well suited to applications where high speeds, moderate loads, reliability and minimal maintenance are all key parameters.


SKF Explorer steel/steel plain bearings are also part of the SKF EnCompass programme. They are initially lubricated and sealed to eliminate the need for relubrication in applications with low to moderate levels of contamination, such as those in off-highway applications. This generates significant savings by reducing maintenance costs and grease consumption. Additionally, extensive testing, in both the lab and the field, has resulted in a 50 percent increase in the dynamic load rating.

SKF EnCompass is a big part of SKF’s commitment to further improve field performance for customers and, within the program, more products, new knowledge and innovative software tools will be released over time.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.
SKF EnCompass is a trademark of the SKF Group.
Posted: April 13, 2015, 2:13 pm
At the Hannover fair, SKF will demonstrate how its revolutionary SKF Insight technology is improving bearing health management in the railway and wind energy sectors

Gothenburg, Sweden, 13 April, 2015: SKF has begun to apply SKF Insight – its revolutionary bearing health management technology – in several high-end industry applications.

The technology, which uses a self-powered, intelligent wireless sensors in the SKF bearing to provide instant condition monitoring data via the Internet, is undergoing trials in challenging projects in the wind turbine and railway industries.

Applying SKF bearing health management algorithms to the data provided by SKF Insight allows an ‘adaptive’ approach to maintenance. While traditional condition monitoring detects bearing damage, SKF Insight spots the abnormal conditions that cause the damage and can take actions to prevent the damage.

“It goes beyond current ‘sensorised’ bearing technology by integrating a broader range of sensors, and could include self-powering and intelligent wireless technology,” said Ronnie Spolidoro, Business Development Manager SKF Insight “These bearings are connected to the SKF Cloud, giving customers access to a range of SKF diagnostic and support services, which ensures complete bearing health management.”

SKF Insight monitors dynamic parameters such vibration, temperature, lubrication condition and load, and informs the user when conditions are abnormal and can threaten to cause bearing damage. When it was launched, at Hannover 2013, SKF Insight was a technology concept – a way in which maintenance engineers might improve condition monitoring by keeping tabs on bearing health. Two years on, it is a fully functioning solution running in customer pilots, capable of supplying data directly to diagnostic centres for better condition monitoring via the SKF Cloud using SKF @ptitude. From here, dashboards and reports can be supplied to the plant operator, machine manufacturer, SKF or any other authorized person with internet access.

The data can also be accessed on mobile devices such as iPads – and this is how SKF Insight will be demonstrated during Hannover, in a live working exhibit.

Now using dynamic bearing data provided by SKF Insight, bearing health management is an innovative new approach under development which will determine how actual conditions are affecting bearing health and trigger corrective action to cure it – such as automatic addition of lubricant or altering machine conditions. This prevents damage to the bearing, to maximize its useful life.

One of the most promising areas of application for SKF Insight is in wind turbine monitoring, because of the huge cost of maintenance. In some cases, changing the main bearing on a wind turbine is so expensive that it undermines the business case for building the turbine in the first place. Used here, SKF Insight could monitor loads and lubrication conditions in service, giving plenty of time to prevent the development of damaging process conditions.

The company is already working with a wind turbine customer to develop such a system. It measures dynamic bearing information in the true operating state, then wirelessly communicates it to remote monitoring centres or local maintenance crews. The solution being developed will monitor bearing speed, vibration, temperature and lubrication condition. Most importantly, it can be retro-fitted – so could enhance the operational potential of both new turbines and the many thousands that are already in operation worldwide.

The company is developing a similar solution in the railway sector, for wheel end bearings -critical components that are usually changed at set intervals, regardless of their condition. SKF Insight creates a cost effective way of collecting condition monitoring data so that bearing life and change-out intervals are determined based on real operating conditions.

SKF Insight and bearing health management are among a series of innovations that SKF will showcase at this year’s Hannover fair (April 13th – 17th). More information can be found at hall 22, booth B12, and on www.skfpowerthefuture.com .

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com


® SKF and SKF Insight are registered trademarks of the SKF Group.
Posted: April 13, 2015, 2:12 pm
SKF’s intelligent bearing technology is deployed in a new project to monitor axle bearings wirelessly

Gothenburg, Sweden, 13 April, 2015: SKF has recently in cooperation with SJ, the Swedish national rail operator, started to run SKF Insight on a railway vehicle. This pilot will demonstrate the technical and commercial advantages of SKF Insight intelligent bearing technology when retrofitted to the wheelset axlebox assemblies used in passenger rail vehicles.

These advantages include the ability to improve the in-service availability of passenger rail vehicles, while reducing maintenance costs gradually and safely extending wheelset bearing maintenance intervals.

SKF Insight is a new generation of bearing technology, which integrates an intelligent, self-powered sensor and wireless device within a conventional bearing envelope. In the new rail system, this is combined with a node and gateway wireless infrastructure, enabling data from each wheelset to be gathered and transmitted in real time to a remote server for analysis. The system can easily be retrofitted to existing wheelsets without the need for modification.

This enables railway engineers to move safely from a reactive or scheduled maintenance approach, where bearings are changed at regular intervals regardless of condition, to a predictive maintenance regime, when bearings are only changed when they have reached a defined level of wear. Other advantages include the ability to minimize in-service incidents and the costs associated with false hot-box detection.

“Although wireless monitoring systems have been tested in the past they lack the intelligent, self-powered technology of SKF Insight. Just as importantly, no other supplier has the depth of knowledge and experience found at SKF, as we have been manufacturing and fitting wheelset bearings and condition monitoring tools in the rail industry for many years”, says Maurizio Giovannelli, Project Manager at SKF.

“This pilot project is a part of SJ’s effort to find new technical solutions, says Pär Söderström, Technical Specialist at SJ’s Vehicle Division. We are moving towards a condition based maintenance of our vehicles in the future, with further improved reliability and cost control. Here we see a big potential in the wireless technology that SKF offers and that we together will evaluate after the pilot.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF and SKF Insight are registered trademarks of the SKF Group.
Posted: April 13, 2015, 2:11 pm
At the Hannover fair, SKF will showcase a range of advanced solutions that are helping to improve the operational reliability of critical top drive systems in the oil & gas sector

Gothenburg, 13 April 2015: A range of advanced products and systems from SKF, the knowledge engineering company, are playing an important role in improving the reliability and performance of critical top drive systems used in oil & gas drilling and exploration rigs. SKF top drive solutions include high performance bearings, seals, lubrication and condition monitoring products.

The latest top drive equipment is used to support and rotate the drill string during the drilling process in extreme environmental conditions – both onshore and offshore. Sometimes over 8 km in length, the drill string load on the top drive can exceed 1500 tons. And the drilling process creates additional torsional, vibration and shock loads, posing additional demands on the bearing system with as many as 6 different types of bearings located in 13 positions.

SKF top drive bearing solutions are designed to address these challenges. For example, the main tapered roller thrust bearing has been specifically designed for the drilling industry using the latest SKF modelling programs capable of simulating relevant operating conditions.

SKF Sensor bearing units solve application problems in the main drive motor and feature ceramic rolling elements, ATEX approved speed and direction of rotation sensors, high performance double lip seals – all in a lubricated for life, unitized assembly for easy mounting or field retrofit.

Also available are ATEX approved lubrication systems PS-143 gerotor pump, with flow limiters that precisely meter oil quantities, providing reliable and trouble-free lubrication for all lubrication points within each Top Drive unit.

Condition monitoring is an important element in SKF’s top drive offering. The company provides a portable range and online monitoring systems, including the Multilog On-line System family with the intrinsically safe DMx product or the IMx system for advanced monitoring. These systems provide insight into the mechanical health of the top drive, detect changes in operating conditions and allow maintenance work to be planned in advance.

Roland Muttenthaler of SKF, says, “The oil and gas segment is under increasing pressure, to both maintain margins and conform to increasingly tough safety and environmental legislation. Our top drive solutions are part of a wider range of products, asset optimisation services and technical support that help our customers improve the reliability, efficiency and cost performance of their drilling operations, wherever they are in the world.”

SKF’s top drive solutions are among those that will be on show at this year’s Hannover fair (April 13th – 17th). More information can be found at hall 22, booth B12, and on www.skfpowerthefuture.com.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 4366836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.

Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.

Posted: April 13, 2015, 2:10 pm
Gothenburg, Sweden, 13 April 2015: SKF launches a new magnetic system, an oil- and contact-free drive solution for centrifugal compressors in chillers.

Combining a high-speed permanent magnet motor and active magnetic bearings with integrated controls, the magnetic system can operate with variable speed drives from various manufacturers to deliver energy savings of at least 10% versus conventional centrifugal compressor designs. In addition, the system’s vibration- and nearly friction-free performance capabilities enable extremely quiet operation.

“Our magnetic system can help OEMs streamline product design, development and assembly, as they produce new highly energy efficient centrifugal compressor chillers. This innovative technology also reduces maintenance costs for the user and provides them with reliable and cost-effective air conditioning,” says Richard Law, SKF Global Segment Manager, Fluid Machinery.

Electromagnets levitate the compressor shaft, allowing it to rotate without contact. By eliminating the mechanical contact and the losses that occur with oil-lubricated bearings, the magnetic system from SKF reduces energy use and costs significantly. By eliminating the need for oil lubrication, the system also improves heat transfer efficiency in the evaporator and condenser.

The permanent magnet motor at the heart of this SKF solution is more energy-efficient than induction motors at full and partial loads, and offers a higher power factor/lower current draw. It also operates with a smaller size variable speed drive than induction motors.

The system’s active magnetic bearings are capable of speeds in excess of 40,000 RPM, and can accommodate instant and frequent start-ups and transient surge forces. An active control system tracks and maintains rotor position to within a micron-sized orbit up to 15,000 times per second, eliminating vibration.

High-speed permanent magnetic motor solutions from SKF utilize technology pioneered by S2M, one of the world’s leading producers of magnetic bearings and high-speed permanent magnet motors. Acquired by SKF in 2007, S2M has been refining contact-free, levitating bearing technology for more than 30 years.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.
Posted: April 13, 2015, 2:09 pm

Gothenburg, Sweden, 13 April, 2015: SKF has announced the availability of its new pure refrigerant lubricated bearings, a unique oil-free solution for direct drive centrifugal compressors in chillers that uses low-viscosity refrigerant as the bearing lubricant. By eliminating the need for oil lubrication, the bearings reduce chiller energy use while simplifying system design and maintenance requirements.

Pure refrigerant lubricated bearings from SKF combine ceramic (silicon nitride) rolling elements, rings made of high-nitrogen, specially heat-treated stainless steel, and glass-fiber reinforced PEEK cages. The result is a bearing that can operate reliably using low-viscosity refrigerant as a lubricant, an innovation that enables energy savings of at least 10% versus conventional centrifugal compressor drive designs.

Traditionally, centrifugal compressors using low-viscosity refrigerants have been gear-driven designs that use hydrodynamic bearings lubricated with an oil-refrigerant mixture.

“It’s an approach that requires both a lubrication system and an oil separator to provide an oil-rich mixture to the gears and bearings and a refriger¬ant-rich mixture to the evaporator and condenser,” explains Richard Law, SKF Global Segment Manager, Fluid Machinery. “Pure refrigerant lubricated bearings from SKF provide simplified system design and oil-free operation by allowing low-viscosity refrigerants to be used as the lubricant in direct drive centrifugal compressors, enabling a much more energy efficient, low-maintenance solution.”

Tested and proven reliable through more than a decade of field operation, pure refrigerant lubricated bearings from SKF are already at work in industry-leading chillers, helping to lower energy use and costs, reduce maintenance, and eliminate oil-related environmental concerns.

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. 

Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.

Posted: April 13, 2015, 2:08 pm
At the Hannover fair, SKF will launch SKF Enlight, a package that combines a powerful new mobile app with a special Bluetooth-enabled sensor. It allows non-expert staff to gather expert data such as vibration and temperature information, using standard mobile devices on an on-demand basis, gaining access to SKF specialist analysis.

Gothenburg, Sweden, 13 April 2015: SKF has introduced a solution to help non-expert staff gather critical data. SKF Enlight is a platform that combines a mobile app, special sensor and, if appropriate, intrinsically safe hardware to allow fast, simple gathering of data from machinery.

There are three key elements to SKF Enlight, the first of which is Data Collect, an app that turns a standard mobile device such as a smartphone or tablet into a data collection device. Data can be sent directly to the SKF cloud, for expert analysis by the global SKF Remote Diagnostic Centre (RDC) network. The second key element is the SKF Wireless Machine Condition Detector (WMCD), a special sensor that measures vibration and temperature data – and relays it to Data Collect via Bluetooth. Finally, the third element is specially built Atex Zone 1-compliant tablets and smartphones, if users need to collect data in hazardous areas.

“The app is extremely simple to use, allowing non-vibration experts to collect expert data,” says Christoffer Malm, Head of Connectivity Room at SKF. “The user is only one button push away from RDC experts, who use their extensive knowledge to provide detailed analysis of a machine’s condition – and provide recommendations to rectify faults.”

The WMCD sensor, mounted magnetically to a machine, measures vibration and temperature data. This is then sent to the app – via Bluetooth – for visualization. Vibration levels are benchmarked against ISO standards. The user sees the assessment as a simple ‘traffic light’ (red, amber or green) indicator.

In addition, the WMCD takes a simultaneous measurement of the bearing’s condition – using patented SKF algorithms to assess the severity of damage and wear. Again, results are displayed in traffic light format. In the event of a warning or alert in any of the measured parameters, the user can request an ‘On Demand Diagnostic’ directly from the measurement screen. Collected data is sent wirelessly to an SKF RDC, where a vibration expert can analyze the data and send a report as to the cause of the high vibration directly to the users email account.

Dedicated vibration analyzers require a high level of competence, and are expensive for one-off measurements. SKF Enlight provides low-cost, easy to use instrumentation, with instant connection to SKF expertise through its RDC network. It will help users carry out vibration monitoring in a way not currently fulfilled by systems such as route-based or dedicated high end analyzers. Manufacturing facilities and repair shops are likely to be the first beneficiaries.

The SKF Enlight system is one of a series of innovations that SKF will showcase at this year’s Hannover fair (April 13th – 17th). More information is available in hall 22, at booth B12, and on www.skfpowerthefuture.com.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com  

® SKF is a registered trademark of the SKF Group.
Posted: April 13, 2015, 2:07 pm
At the Hannover fair, SKF will launch a range of tablets and smartphones that have been developed for use in hazardous areas, to allow mobile working in a host of new industries

Gothenburg, Sweden, 13 April 2015: SKF is launching a suite of tablets and smartphones for use in hazardous areas, in industries such as oil & gas, refining, chemicals and pharmaceuticals.

Mobile workers will now be able to take this kind of technology, which is often pre-loaded with a host of SKF condition monitoring and productivity apps, into previously inaccessible areas.

SKF, in partnership with ecom, is to launch a whole family of products, peripherals and accessories that are suitable for use in Zone 1/Division 1, Zone 2/Division 2 and harsh environments.

”These tablets offer SKF customers the ability to bring mobility to hazardous areas, using the most modern tools and apps,” says Christoffer Malm, Head of Connectivity Room at SKF. ”The products connect to SKF apps, which in turn connect to SKF knowledge and expertise.”

The products can be supplied as part of SKF Enlight, a package that includes: Data Collect, a powerful app that turns the tablet or smartphone into a data collection device; and WMCD, a special sensor that measures vibration and temperature data. These work well in conjunction with standard tablets and smartphones, but can now also be used in hazardous areas.

Features of the new hazardous area devices include: intrinsic safety, supporting Zone 1/Division 1 and Zone 2/Division 2; Android 4.4; suitable for use with gloves; connectivity via WWAN, 4G LTE* and WLAN, plus NFC technology for wireless applications; 1. 3 Megapixel front camera, 3 Megapixel rear camera with flash, plus barcode scanner; and GPS.

The intrinsically safe tablets and smartphones are among a series of innovations that SKF will showcase at this year’s Hannover fair (April 13th – 17th). For more information, visit SKF in hall 22, booth B12, and on www.skfpowerthefuture.com.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com 

® SKF is a registered trademark of the SKF Group.
Posted: April 13, 2015, 2:06 pm

How can a complex operation keep track of thousands of pages of documents, including measurements, drawings, tables and photos? To address this demanding task, SKF has developed a cloud-based solution, SKF Data Collect, using iPads to record and manage data.

Making the transition from volumes of paper to an entirely electronic, cloud-based data solution is no small undertaking when you’re dealing with hundreds of thousands of quality measurements recorded each year. To solve this problem, SKF is pioneering an iPad system, SKF Data Collect, to help customers record and manage their data.  While SKF is well known in the bearing business, developing this kind of technical solutions is an evolution for the company.

A growing trend

“Although SKF’s legacy is with bearing technology and other mechanical industrial solutions, the company has recognized that industrial businesses are becoming more and more computer dependent. This is the reason that SKF is evolving its product and service offerings to include cloud-based tools that make life easier for industrial customers”, says Jerry Schick, key account manager at SKF Strategic Industries. “The model is software as a service so customers don’t have to reinstall software or worry about keeping their system up to date. We take care of updates – it’s all part of the service.”

One of the SKF customers using SKF Data Collect is US-based EthosEnergy which recently partnered with SKF to shape the future of how massive amounts of inspection data will be recorded, stored and accessed. The company specializes in gas turbine refurbishment for the oil, gas and power generating industries.

“I saw the product at the SKF Asset Management Conference in Dallas in 2013,” says Mike Fisher, president of EthosEnergy Light Turbines LLC, in Houston, Texas. “We’re dealing with 240,000 precise dimensional measurements made and recorded traditionally on paper, over the year. Imagine all those documents – very weighty – and as it’s on paper, all the information is instantly out of date the minute it’s recorded. We need it to be digital and alive so that we can analyse it in real time.”

A highly customizable and configurable product

Fisher says he had seen other similar products but none provided the versatility that SKF promised: a highly customizable, configurable product that could display data, drawings and tables as well as store information and photos.

EthosEnergy takes in a range of sub 12 MW gas turbines and driven equipment and overhauls them to extremely high quality standards – ISO 9001, 9004, 14001 and 18001. The task can be daunting, with more than 4,000 components per turbine. Technicians work methodically in the spotless facility, efficiently following the necessary steps, first assessing the condition of each part, then recording precise dimensions and assessing exacting repair procedures to return the component to “as new” condition. Finally, post-repair, re-recording all the data and assembling the complex machine for full-load testing. The entire process takes up to 16 weeks, cataloguing the state of the parts along the way with technical details and photos. All these measurements are stored for years, and they may need to be referenced for various reasons. To check on the status of any given engine or part would require walking to each station, looking up the work order and talking with the technician.

Fisher had already assigned Nelson Muchacho, quality control manager, to develop an information database tool for use at the EthosEnergy facility when Fisher learned about SKF Data Collect.

Great benefit for the organization

“For me, this has been a blessing,” says Muchacho. “To put it into perspective, today we have 74 project work orders open. Each requires about 500 pages of documents, so the numbers gather quickly. We’ve converted to this iPad app to digitize and automatically access multiple projects at any given time – that’s 35,000 pages no longer in storage boxes. This is a great benefit for the organization in terms of productivity and efficiency.”

“EthosEnergy needs to record this data so it can be used for analysis later on,” says Schick. “This data-based process has a dual function: It is an integrated system, so you can have work teams in different sections working with the information, and in SKF Data Collect you have a visual display at each stage of the disassembly and remanufacturing process. The whole team can be alerted as to where a work order is during the entire process. Photos are electronically attached to the inspection data, and the iPad supports a final signature from each technician as he completes his work. SKF Data Collect resynchronizes and shares that information securely every five to 10 minutes through the SKF cloud.”

Robust cases

The iPads have heavy-duty cases for the shop. “They’re delivered with an industrial waterproof case,” Schick says. “They can be dropped on the floor or dipped in water; they’re pretty robust.”

The industrial-strength iPad cases help ensure the SKF Data Collect program can withstand the constant use in this shop, because there are no plans to return to paper. Fisher was an early adopter of this type of technology, and his input into some of the SKF Data Collect functions from a customer perspective was invaluable in fine-tuning the application for commercial use.

User-friendly and super-slick

Fisher couldn’t be more pleased. “It’s a super-slick product,” he says. “I can walk out to the shop floor, pick up an iPad, drill down to any component and examine the data for that component from any position in the shop, and it’s very user-friendly – anyone with an iPad or iPhone quickly adapts to this system. People mistakenly think we’re all about wrenches and hammers, but actually we use a very sophisticated component design system. We have to provide an extremely high-quality product or we won’t be able to compete. That’s what our quality drive is all about.”

Fisher and Schick both expect the system to take off as a valuable addition to multiple industries. “It’s applicable to many different applications requiring complex data,” Fisher says. “We have a partner overseas that wishes to conduct overhauls. I can manage almost the entire QM [quality management] side from afar if they’ll adopt SKF Data Collect. In the utility industry that we work with, it would be a great tool for outage management and tracking. It can provide tremendous advantages for field crews. I see a lot of opportunity.”

FACT BOXES: 

SKF Data Collect

The SKF Data Collect system combines the intuitiveness of an app, the power of SKF’s knowledge in data collection and machine inspections, and the safety of the SKF cloud.

Benefits

  • Improved data quality and consistency
  • Fast access to actionable information
  • Safe storage of information in the SKF cloud.

Typical applications

  • Machine inspections
  • Operator instructions
  • Audits and quality assurance
  • Work orders
  • Check lists and much more.
EthosEnergy

Industry: Oil and gas, industrial combined heat and power

Product: Gas turbine overhauls, exchange engines, repairs, parts and field services, turbo machinery engineered solutions
 
Founded: In 2014 following a joint venture between Wood Group and Siemens, bringing together Wood Group’s gas turbine services business with Siemens’s TurboCare to create a single independent service provider of rotating equipment services and solutions to the power, oil and gas and industrial markets.

Headquarters: Houston, Texas

Operations: Global

Employees: 4,500.

Aktiebolaget SKF
        (publ)

For further information, please contact:

Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.
Posted: April 13, 2015, 2:05 pm
The new intuitive app-powered shaft alignment tool from SKF allows operators to use the TKSA 51 at first sight and confidently align machinery with great precision.

Gothenburg, Sweden, 13 April, 2015: SKF, the knowledge engineering company, presents an innovative shaft alignment tool at Hannover Fair 2015. The TKSA 51 is SKF's first instrument designed for intuitive shaft alignments using tablets and smartphones. The app makes it quick and easy to set up of motors, drives, fans, gearboxes, pulleys and couplings, even by operators who use the instrument for the first time.

The new TKSA 51 comprises two compact and lightweight laser measuring units, designed to suit almost any application. Using the versatile shaft brackets, the instrument can be mounted on small machines with limited space, whilst extension chains, rods and magnetic holders are supplied for mounting the tool on large machines.

Connected wirelessly, the app uses real time data to provide a live 3D view of the measuring units. This gives operators the possibility to rotate the virtual machine at their convenience in all directions, making the alignment as intuitive as possible. Measurements are made by a simple touch of a button or by the hands-free automatic measurement function which just needs the shaft to be rotated to the next measurement position.

Jens Kammann, Product Manager at SKF Maintenance Products, points out that, “Shaft misalignment is one of the main causes of machine failure. It creates additional forces and vibration that can damage machine components such as bearings, seals and couplings, adding considerably to operating and maintenance costs. Often, we find shafts not being aligned correctly because the applied method or instrument is time consuming and difficult to use, leading to mistakes and incorrect alignments. The TKSA 51 eliminates these problems, making it the ideal companion for every alignment task. As a result, engineers can significantly increase uptime, with the confidence that machines are correctly setup for efficient and cost-effective operation.”

The great measurement freedom is just one of the core features of the systems, allowing alignments in confined spaces as measurements can start at any start at any angle and only require a total shaft rotation of 40°.Further alignment adjustments are possible with alignment targets that, for example, can be set to compensate the thermal growth of the machinery. After each alignment check or correction, a comprehensive report is created that can easily be customised, emailed or uploaded to a cloud service for future reference. To aid the user, notification and helpful guidance menus are displayed if a problem occurs during set up, such as the detector being off centre or the laser beam being too close to the edge of the detector.

The TKSA 51 is supplied by SKF as a comprehensive system for all alignment tasks. The app can easily be downloaded and offers a fully functional demonstration mode for trying the TKSA 51 before purchase. It will be on show at this year’s Hannover fair (April 13th – 17th) at hall 22, booth B12. Further information can be found on www.skfpowerthefuture.com.

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. 
Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com  

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.
Posted: April 13, 2015, 2:04 pm

SKF will be launching its magnetic bearing E300V2 control cabinet for turbo-machinery and highlighting the advantages of its S2M active magnetic bearing technology at the Hannover Fair 2015

Gothenburg, 13 April 2015: SKF, the knowledge engineering company, will be launching its latest magnetic bearing E300V2 control cabinet for use with a wide range of turbo-machinery at this year’s Hannover Fair. There will be a virtual display of the new system, showing the advantages of SKF active magnetic bearing technology for use in large turbomachinery.

The new E300V2 is a digital electronic control cabinet that replaces an earlier version; 650 units of which have been installed at different sites around the world.

The E300V2 is a modular system for improved reliability and maintenance and incorporates a number of important new features. These include remote monitoring and diagnostics, redundancy of key components, backup UPS and a high-resolution data acquisition system. The latter monitors operating conditions, such as rotation speed, vibration and temperature in real time, allowing engineers to visualise rotation orbits, with 3D waterfalls and graphs showing spectral analyses, time snapshots and other critical parameters. It has embedded tools, qualified on sub-sea projects, for remote access that allows performing analysis and adjustment of operating parameters.

Askar Gubaidullin, Business Development Manager for SKF Magnetic Mechatronics, explains, “SKF has worked closely for many years with the world’s leading manufacturers and operators of onshore, offshore and subsea turbo-machinery. The new E300V2 is the culmination of this knowledge and experience, offering the opportunity to minimise costs while improving reliability. Its optimized control system reduces commissioning time of the rotation equipment. Moreover, the new system provides plant operators with high degree of autonomy”.

These advantages are extended still further through the use of SKF S2M Magnetic Bearings. These can increase the operating range of turbo-machines, allowing rotation at higher-speeds with much greater operating flexibility. When used in integrated motor-compressors they eliminate the need for lubrication, thereby reducing the footprint and maintenance, and also eliminate gear boxes, seals and auxiliary cooling systems, to cut capital and operating costs.

SKF S2M active magnetic bearings have more than 1,000 references in large turbo-machinery around the world, in centrifugal compressors, turbo-expanders, gas turbines and motors.

Further information can be found at a specially constructed exhibit at the Hannover Fair, on stand B12 in Hall 22 and also at www.skfpowerthefuture.com

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Monique Turner +1 2674366836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.

Posted: April 13, 2015, 2:03 pm

At the Hannover fair, SKF will demonstrate its Sliding Door Damper whose unique design ensures that heavy sliding doors are brought to a halt safely and smoothly

Gothenburg, 13 April 2015: SKF has developed a revolutionary design of damping system that brings heavy sliding doors to a smooth close.

The Sliding Door Damper (SDD) incorporates two gas springs and an oil damper, ensuring that doors up to 400kg in weight can quickly be brought to a soft, safe final position– almost no matter how hard they are closed. As well as acting as a brake, the SDD also positions the door in its closed position.

“Now it is possible to close heavy sliding doors completely without bouncing.” says Hans Intelmann, head of product design at SKF Group company HAHN Gasfedern.

The design is a vast improvement on existing systems, which tend to use a single air-gas-oil spring, and are limited to doors up to 100kg in weight. Existing comparable products for heavier doors are often bulky, expensive and require an electrical or hydraulic connection.

The new product combines three separate functions: regressive braking; cushioned docking; and gentle closing. It decelerates the linear motion of doors, windows and even heavy drawers until they reach a defined end position.

The SDD is mounted to the sliding door, and consists of a longitudinal section with a floating piston at each end – plus a damper piston that runs in oil. Both ends of the SDD are filled with gas which makes an oil leakage almost impossible. A hook is connected to the piston rod of the damping element. As the door is pushed shut, it engages the hook, which unlocks the pre-stressed damping element. The door’s momentum pulls on the piston rod, causing the damping piston to brake in the oil. It comes to a gentle halt when it presses against the air spring at the ‘closed’ end.

The SDD is designed in four different sizes, each with a different casing length. This allows the concept to handle doors ranging from 60 up to 400kg. The smallest model, the ‘Soft Close’ 04-12, is the first to launch: it has a casing length of 315mm and can handle door weights of 60-100kg. It is aimed at manufacturers of furniture and furniture fittings. At the top end, the 08-23 model will have a casing length of 480mm and a capability of 200-400kg door weights.

The SDD is likely to be used in a range of sliding door structures, such as barn doors, room partitions and French windows. SKF sees opportunities with manufacturers and wholesalers of sliding doors, furniture and construction fittings.

The Sliding Door Damper (SDD) is among a series of innovations that SKF will showcase at this year’s Hannover fair (April 13th – 17th). More information can be found in hall 22, booth B12, and on www.skfpowerthefuture.com.

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 4366836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com

® SKF is a registered trademark of the SKF Group.

Posted: April 13, 2015, 2:02 pm
The innovative new SKF Tyre Pressure Monitoring System will help truck operators cut cost and improve safety

Gothenburg, 13 April 2015: SKF is launching an innovative tyre pressure monitoring device for use on heavy goods vehicles. The SKF Tyre Pressure Monitoring System will be shown for the first time at the Hannover Fair 2015 and has been introduced to help haulage companies and fleet operators reduce the cost of tyre repairs and replacement, fuel consumption and CO2 emissions, while improving road safety.

The SKF Tyre Pressure Monitoring System is designed for use in the OEM segment, for truck and trailer manufacturers. This latest innovation is part of the SKF BeyondZero portfolio, which includes solutions that deliver significant environmental benefits.

The system comprises robust modules that are mounted externally on each wheel. These monitor tyre pressure and temperature and are designed to eliminate the problems of air leakage that can often be found with other methods using external monitoring air-tubes. Data is captured and transmitted wirelessly using a high signal strength of 2.4 GHz to a central control unit. This uses advanced algorithms to calculate tyre pressure accurately, with the output being shown to the driver in real time on a dashboard display.

The entire system is efficient, reliable and simple to install and use.

Stephanie Petremont, SKF Project Manager, Automotive, says, “Research has shown that 32% of all truck downtime is related to problems with tyres. In particular, incorrectly pressurised tyres will increase fuel consumption and CO2 emissions, reduce tyre life and, in extreme conditions cause potentially dangerous blow-outs. As an example, over or under inflation of a tyre by 15% can reduce tyre life by as much as 10%, while 10% under inflation of all tyres on a vehicle leads to an increase in fuel consumption; in real terms, The SKF Tyre Pressure Monitoring System would help a three-axle semi-trailer truck driving 160000 km per year to cut CO2 emissions by 7.58 g/km and save 500 litres of diesel per year.”

Further information can be found at a specially constructed exhibit at the Hannover Fair, on stand B12 in Hall 22 and also at www.skfpowerthefuture.com

Aktiebolaget SKF

       (publ)

For further information, please contact: 

Press Relations: Monique Turner, +1 267 4366836; +1 215 801 8722 ;  Monique.Turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com

® SKF is a registered trademark of the SKF Group. 
™ BeyondZero is a trademark of the SKF Group.

Posted: April 13, 2015, 2:01 pm

SKF ePowertrain technology, to be introduced at the Hannover Fair 2015, will reduce production costs for HEV manufacturers and improve energy efficiency in service

Gothenburg, 13 April 2015: The latest ePowertrain technology from SKF, the knowledge engineering company, has been developed to help the manufacturers of hybrid and electric vehicles (HEV) to reduce assembly and production costs. The new technology will also play an important role in improving vehicle efficiencies, reducing energy use, CO2 emissions and extending operating range.

The ePowertrain portfolio is built around a number of innovative and complementary products, all of which will be shown at the Hannover Fair in 2015.

The portfolio includes a unique SKF Rotor Positioning Sensor Bearing Unit, which is designed to improve the control of permanent magnet motors. The unit integrates a low friction bearing and intelligent sensor in a single compact and low weight assembly. This is quick and simple to install on the production line, offers improved motor power density and enhanced control of motor torque, reducing overall noise and vibration.

Also available is the SKF Motor Encoder Sensor-Bearing Unit. This provides precise encoder pulses for the accurate real time measurement
 of motor speed, direction and incremental position, together with low friction, reduced noise and high speed bearing functionality.

Other products in the ePowertrain portfolio include customised bearings for steering column applications, providing significantly reduced noise level while maintaining existing performance characteristics, and extremely robust, low friction and high speed ball bearings to enhance electric motor efficiency and power density still further.

Alberto Carlevaris, Powertrain Engineering, says, “We have developed our ePowertrain product portfolio to help HEV manufacturers improve the efficiency of vehicle sub-systems. This in turn reduces CO2 emissions while contributing to the vehicle driving experience through extended range and reduced noise and vibration.”

The latest SKF ePowertrain products will form part of specially constructed exhibit at the Hannover Fair and can be seen on stand B12 in Hall 22. Further information can be found at www.skfpowerthefuture.com

Aktiebolaget SKF
       (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 4366836; +1 215 801 8722; monique.turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.

Annual sales in 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com

® SKF is a registered trademark of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.

Posted: April 13, 2015, 2:00 pm
Gothenburg, 09 April, 2015: SKF is supplying Koenigseggs with front and rear wheel hub bearing units equipping their new car model Regera, launched at the Geneva Autoshow early March.

Jean-Sylvain Migliore, Manager Racing, Automotive Market says, “Our development of components to fit the needs of motorsport and performance cars is really pushing SKF to the extremes. Designing the bearings to fit the ultimate driving experience with mega performance providing high customer satisfaction is a pure pleasure. We take great pride in our work and we are happy to be contributing to Koenigseggs power and responsiveness.”

The Regera offers a combination of power, responsiveness and luxury. In spite of all its advanced technology and high comfort level, the Regera is comparatively light. This allows it to still perform competitively around a race circuit. However, on the highway, the Regera will reign as “King of the road”, as the fastest accelerating, most powerful production car ever, according to Koenigsegg.
The Regera will be handcrafted in only 80 examples.

SKF has been a partner to Koenigsegg since its beginning, and also supplies the Agera RS and ONE:1 with wheel bearings.

Aktiebolaget SKF
     (publ)

For further information, please contact:
Press Relations: Monique Turner, +1 267 436 6836; +1 215 801 8722; Monique.Turner@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.
Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.
Posted: April 9, 2015, 12:00 pm