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SKF starts deliveries of energy efficient bearing units for a wide range of Mazda’s models


Gothenburg, Sweden, 17 December, 2014: SKF has made the first deliveries of its low-friction hub bearing units to Mazda Motor Corporation. The bearing units will equip the recently launched, all-new Mazda2, which is manufactured at the automaker’s new plant in Mexico, as well as other models to be launched during 2015.

Tryggve Sthen, President, SKF Automotive says, “Mazda recognize the role that low-friction wheel bearings can play in reducing fuel consumption. I am very pleased to see our engineering capabilities contributing to the optimization of Mazda’s new model. Our global footprint allows us to work closely with Mazda, both on manufacturing and technical support.”

SKF’s low-friction hub bearing units are part of the Group’s BeyondZero portfolio. They reduce friction by up to 20% compared to a standard unit, contributing to reduced fuel consumption and environmental impact.

Aktiebolaget SKF
       (publ)

Posted: December 17, 2014, 8:00 am

Gothenburg, Sweden, 15 December 2014:  SKF today announced the introduction of its new Lincoln P212 multi-line pump for use in multi-line lubrication systems or as a centralized pump in large progressive systems. Developed for demanding environments, this reliable pump is suitable for applications including tunnel boring, mining, rubber mixing equipment and various stationary machines with high lubricant consumption, as well as for use with selected sealing compounds.

The Lincoln P212 multi-line pump provides high volume delivery of grease or oil, utilizing up to 12 elements. Featuring a modular design, the pump is economical and simple to install and maintain, because it no longer requires tubing to combine two or more pump elements. The versatile pump has a powerful 0,55 kW (400 V AC) motor, and its delivery volumes can be adjusted easily per outlet from 150 to 1 480 cm³/h (10 to 90 in³/h) using a 50 Hz motor, or from 180 to 1 776 cm³/h (12 to 108 in³/h) using a 60 Hz motor.

The Lincoln P212 multi-line pump has a maximum operating pressure of 350 bar (5 070 psi) and works efficiently in temperatures ranging from -20 to +70 °C (-4 to +158 °F). The pump’s durable reservoir has a capacity of 30 liters (7.9 gal.) and is available with an optional ultrasonic sensor for level control. Its integrated stirring paddle keeps the lubricant smooth and easy to feed, even in cold temperatures.

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 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: December 15, 2014, 1:00 pm

Investments in the utilisation of smart phones and tablets bring more value to customers and reaffirms SKF’s position as a leader in industrial mobile connectivity


Gothenburg, Sweden, 15 December 2014: SKF is continuing its investments in smartifying its maintenance service offering, production and sales processes.

As part of the investments, field maintenance engineers, production workers, and SKF sales force members in selected regions will be trained and equipped with smart devices with tailored-made software developed by SKF’s own connectivity team.

Integrating SKF’s condition monitoring technologies into mobile devices supports the Group’s focus on asset life cycle management. By providing access to real-time machine performance data in a user-friendly format, customers and maintenance engineers are better able to take informed decisions regarding maintenance activities and increase machine efficiency.

Bringing smart devices with production and maintenance apps into SKF’s factories will enable a better, faster and more accurate collection of data and ensure a more collaborative and efficient way of working. Apps that provide warnings and early fault detections in real-time and access to machine calibration routines will help minimise downtime and give operators the tools they need to solve issues instantly.

“This is one of the most interesting times to be in the industrial arena. We are truly going through an industrial renaissance. Smart devices have helped us see the SKF world with new eyes and allows us to introduce a whole new way of working to what could be seen as a more traditional type of industry”, says Tom Johnstone, SKF President and CEO.

Commenting on what these developments mean for the industry, he says, “Embracing industrial connectivity is opening up new markets for us. It’s helping us to deliver more value to our customers and increase our revenues. We will continue to embed this technology into our way of working. Technology developers and legislators have a role to play as well, in device development and nurturing industrial activity as a whole. Together, we will be able to increase competitiveness, quality, productivity and growth, unlocking the next industrial revolution.”   

SKF has already developed over 35 internal and external apps, with more than 300,000 downloads.  These range from apps that help make field engineers up to 12% more efficient in their work – giving them more time to spend with customers – to bearing calculation and alignment apps that provide direct value to our SKF customers by improving their own productivity.

Aktiebolaget SKF
       (publ)

Posted: December 15, 2014, 8:00 am

Gothenburg, 12 December 2014:  General Motors has recognized SKF as meeting or exceeding a stringent set of quality performance criteria, and achieving the cross-functional support of the entire GM organization.

Tryggve Sthen, President SKF Automotive says, “The key to successful work is to never stop challenging yourself, to continuously review what you do and how you do it. Knowing our customers well and their specific requirements, we can fully utilize our capabilities. Delivering quality and meeting required performance standards is a must. Being recognized by GM year after year with awards and large business agreements is evidence that we provide value and deliver on our promise."

This is the third year GM is honoring suppliers who are making noteworthy contributions to GM’s goal of providing the best overall customer experience in the automotive industry.

“The suppliers receiving these awards have demonstrated their commitment to quality excellence and their outstanding performance is essential to GM’s efforts to provide its customers with the best products and services in the industry,” said Sheri Hickok, GM executive director Supplier Quality. “

SKF supplies bearing and sealing solutions to GM for many different applications like wheel end, suspension, steering, driveline, engine and e-powertrain. The factories awarded are located in the USA, Brazil, Argentina and Germany.

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 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: December 12, 2014, 1:00 pm

Gothenburg, Sweden, 11 December, 2014: SKF USA Inc. and Vantage Drilling, Inc. a leading international offshore drilling contractor which operates and manages a fleet of modern, high specification drilling rigs have combined resources to improve the reliability of the Vantage Titanium Explorer and Platinum Explorer drill ship fleet. These vessels are designed for operation in the deepest waters of the Gulf of Mexico and other offshore global basins of oil & gas exploration. Based on SKF’s expertise in the application of condition monitoring systems and Vantage’s philosophy of improving the mechanical reliability of its drilling ships, these ships will be equipped with a comprehensive monitoring system for the propulsion and positioning thrusters.  

SKF undertook a careful study of the thruster mechanical system, including bearings, lubrication, gearboxes and drive motors to design a condition monitoring solution, supported by remote diagnostics services that will provide Vantage with timely information about the mechanical health of their thrusters along with advanced warning of issues that could impact drilling or propulsion system operation.  

Application of this system coupled with the remote diagnostics services provided by SKF will enable Vantage to comply with American Bureau of Shipping (ABS) guidelines for Condition Based Maintenance procedures.  Through the application of these systems and processes, Vantage will now be able to extend the mandatory overall interval required for physical inspection of the thrusters until the operational condition of the asset requires it. This will create a major cost savings over the life of the asset and contribute to significant improvements in operational utilization of the drill ships.

“Vantage Drilling and their personnel are recognized in the industry as providing superior technical support to their clients who comprise several of the major International and National Oil Companies.  SKF is proud to be affiliated with them to help them push the boundaries still further.” said, James Henry, End User Director for SKF’s Gulf of Mexico market.

“We have known SKF for many years as a quality supplier of critical mechanical components and found their condition monitoring system and remote diagnostics services well suited for our strategy of improving the reliability and availability of our newest ships.  We have been impressed with the professional support and timely implementation of the SKF solution.” said, Bill Thomson, Vice President Technical Services, Supply Chain and Projects.

An important factor in maintaining ABS certification is the monitoring strategy and data analysis process that SKF will provide from their recently certified SKF Solution Factory in Houston, Texas.

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 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: December 11, 2014, 1:00 pm

Gothenburg, Sweden, 4 December 2014: SKF is merging its two Industrial business areas, Strategic Industries and Regional Sales and Service. The change will enable the benefits of the SKF asset life cycle to be applied to industrial customers in a more efficient manner, through a simplified organizational structure. It will also strengthen SKF’s focus on organic growth and profitability, supporting the Group’s financial targets.  

Effective 1 January 2015, SKF will operate through three business areas: Industrial Market, Automotive Market and Specialty Business.

Tom Johnstone, President and CEO, comments:

“SKF has developed into a Knowledge Engineering Company over a number of years, successfully growing our business and improving profitability. The new, simplified organizational structure is a logical next step in our development and will strengthen our customer focus. It will also better enable us to meet the changing demands of the marketplace. We will more effectively be able to support customers in each industry, throughout the asset life cycle, reinforcing our focus on application-driven innovation.”

Alrik Danielson, President and CEO from 1 January 2015, will also take up the role of President, Industrial Market. Commenting on today’s announcement, he says:

“The Industrial Market business area represents approximately two-thirds of our total sales and a significant part of our profits. It is a vital part of our business and I have therefore decided to personally take responsibility for it within the Group, ensuring a smooth integration and that customers continue to benefit from the knowledge built up by our many years of investment.”

As previously announced, Stephane Le-Mounier will lead the Automotive Market business area from 1 January 2015.

Patrick Tong has been appointed President, Specialty Business and a member of SKF’s Group Management. In addition to his current responsibilities, Patrick will also be responsible for the activities of Kaydon Corporation and the Aerospace and Linear Actuation Technology business units. Patrick joined SKF in 1989.   

In conjunction with the reorganization, Rakesh Makhija and Vartan Vartanian, Presidents of the current Strategic Industries and Regional Sales and Service business areas, will leave SKF’s Group Management. Both will continue as senior advisors, supporting the CEO during the reorganization process.

Also effective 1 January 2015, Poul Jeppesen, President SKF USA Inc. and Manfred Neubert, President SKF GmbH, will no longer be members of SKF Group Management. Both will continue in their current roles.

Consequently, SKF Group Management will, as of 1 January 2015, consist of the following members:

Alrik Danielson, President and Chief Executive Officer and President, Industrial Market
Henrik Lange, Executive Vice President and Chief Financial Officer
Stephane Le-Mounier, President, Automotive Market
Patrick Tong, President, Specialty Business
Kent Viitanen, Senior Vice President, Group People, Business Excellence and Communication
Carina Bergfelt, General Counsel and Senior Vice President, Group Legal and Sustainability
Bernd Stephan, Senior Vice President, Group Technology Development

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 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: December 4, 2014, 9:30 am

Gothenburg 28 November 2014: 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 28 November the Company’s share capital amounts to SEK1,138,377,670 and the total number of shares amounts to 37,649,081shares of Series A and 417,701,987 shares of Series B. The numberof votes in the Company amounts to 79,419,280.  AB SKF doesnot 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 09:00 on 28 November 2014.

Posted: November 28, 2014, 8:00 am

SKF will showcase a range of innovations based on the combined knowledge of SKF, SKF Blohm + Voss Industries and Kaydon at the International Workboat Show in New Orleans, USA.


Gothenburg, Sweden, 27 November 2014: SKF will be present during the International Workboat Show in New Orleans, USA 3-5 December. Throughout the show SKF will display products and solutions including bearings, lubrications and seals, but with a special focus on the company’s condition monitoring offers for the marine industry.


Among the SKF solutions on show will be the SKF Marine Condition Monitoring Kit, which includes everything that is needed to carry out simple and reliable condition monitoring on-board ships and enables ship operators to take a first step towards condition-based maintenance.


However, the kit is more than a data collector as it has capability to do additional analysis of the machine, based on Fast Fourier Transform (FFT) frequency band analysis. It is able to detect the most likely root cause of the fault, such as unbalance, bearing failures, gear failures, electrical failure in motors, hydraulic and aerodynamic problems.


The SKF Marine Condition Monitoring Kit has been developed specifically for the demanding requirements of the marine industry and tough on-board conditions. It is well suited for use on a wide range of vessels, including container ships, ferries, Ro-Ro ships, fishing vessels, dredging vessels, tug boats and offshore supply vessel.


Another product to be featured during the show is the SKF Thruster Monitoring solution which provides integrated condition monitoring solutions for propulsion and manoeuvring thrusters in the marine and offshore industries.


The monitoring solution is applicable for both ship operators and thruster manufacturers, for aftermarket and new build installations.


SKF is also proud to showcase Kaydon Corporation, an SKF Group company. Among the new products and services that will be exhibited, are Kaydon’s thin section and slewing ring bearings and Cooper split roller bearings.


SKF experts will be on the stand to discuss these and many other solutions available for the marine industry, offering visitors the opportunity to learn more and discuss their own specific issues.


Visitors to the International Workboat Show 2014 will find SKF at stand number 1714 and Kaydon at 1464. At stand number 1818 the Marine Sales Agent Simplex Americas shows further SKF Blohm + Voss Industries solutions.


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 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: November 27, 2014, 12:00 pm
SKF continues to impress with improved efficiency, reliability and productivity


Gothenburg, Sweden, 26 November, 2014: SKF has secured a three-year technology partnership extension with Portuguese bleached eucalyptus kraft pulp (BEKP) manufacturer, Celbi – a subsidiary of Altri Group. SKF, which has already worked with Celbi for three years, will continue to advise on and facilitate improvements in productivity and maintenance procedures at the plant.


The contract contributes to Celbi’s project to double the capacity of the mill, using proactive reliability and integrated maintenance solutions to improve the efficiency and reliability of the operations.


“We are delighted that our relationship with Celbi is going from strength to strength,” said Vartan Vartanian, President, SKF Industrial Market, Regional Sales and Service. “The Celbi plant capacity has dramatically improved over the past three years, resulting in cost savings and new opportunities. Our efforts have served as a springboard to secure a further three-year contract. In this new contract we will continue to deliver cost savings by enhancing effectiveness and reliability.”


Carlos Van Zeller, Mill Director at Celbi, said, “SKF’s approach has been excellent, and they work alongside us inside the mill as part of our team. Thanks to their involvement over the past few years we have managed to increase efficiency and reliability, and improve plant availability. This extra focus on reliability and efficiency enhanced further the team spirit which had a positive effect on productivity. Given the success of the project over the past three years it makes sense to extend the contract so we can continue to benefit from SKF’s input.”


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 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: November 26, 2014, 12:00 pm

SKF has developed a Motor Encoder Sensor Bearing Unit (SKF MESBU), providing smooth and accurate motor control for the next generation of electric and hybrid motor vehicles, including starter-alternators for stop & start.


Gothenburg, Sweden, 21 November 2014: SKF has launched a Motor Encoder Sensor Bearing Unit (SKF MESBU) for the electric and hybrid vehicle market. This significant development in sensor bearing technology is a first for the industry, integrating bearing and sensor technology in a single, compact unit. The SKF MESBU is specifically designed and manufactured to improve the operational performance and precision of electric and hybrid cars, including stop & start function based on starter-alternator devices. It also simplifies and reduces customer manufacturing costs significantly, because the sensor’s performance is totally independent of the customer’s assembly process.


Moving forward from previous sensor bearing offers for synchronous motors, the new SKF MESBU delivers accurate signals for asynchronous motor control, thanks to the integration of magnetic sensor technology into a bearing. The unit delivers incremental encoder-like signal output with a quality and accuracy level certified by SKF, allowing asynchronous electric motor real time speed and direction measurement.  


Due to the compact design and the enhanced performances of SKF MESBU, there is a reduction and in both the weight and size of the electric motor and cost savings for the customer. The end result is a more streamlined assembly process and finished product.


SKF Engine and ePowertrain Segment Manager, Alberto Carlevaris, commented: “With the launch of the Motor Encoder Sensor Bearing Unit, SKF is reinforcing its leadership position in delivering unique bearing technology and solutions. As the electric motor industry gears up to asynchronous electric control, it’s imperative that the technology that supports these changes: the SKF Motor Encoder Sensor Bearing Unit it is the clear response to customer needs. This means offering more compact products that are attuned to the specific requirements of both increased performance and reduction in energy consumption, while enabling greater power density and simpler assembly for electric motor manufacturers.“


The SKF MESBU is part of SKF’s ‘BeyondZero’ product and services portfolio. These are designed to have a positive influence on the environment and the customers using them. As a key component in electric and hybrid cars, the unit will play a role in reducing carbon emissions and fuel usage. The advantage of installing a lighter, smaller electric engine also allows vehicles to run more efficiently. 


The SKF Motor Encoder Sensor Bearing Unit also has a number of optional extras. This includes a flange design sensor-body, which can be integrated as part of the motor casing and the SKF eDrive Ball Bearing, for low friction torque and when driving at high speed.


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 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: November 21, 2014, 1:00 pm

SKF’s investment will support the Company’s growing lubrication systems business.  The new facility has achieved a LEED Platinum rating, in recognition of sustainable design, the first SKF factory to achieve this accolade.


Gothenburg, Sweden, 19 November 2014: SKF is today inaugurating its expanded lubrication systems manufacturing facility in the Czech Republic. The expanded factory has been designed with a focus on reducing the building’s overall environmental impact, including more efficient energy and water usage and choice of more sustainable building materials. This has contributed to the building being awarded the US Green Building Association’s highest possible LEED Platinum rating.

“We see substantial potential for future growth within our automated lubrication systems business. These systems, including the Quicklub family of products manufactured in Chodov, use up to 30% less grease than manual systems and our new facility here ensures we will be able to continue to meet the needs of our customers,” says Tom Johnstone, SKF President and CEO. 

Commenting on the Group’s commitment to the environment, he says, “Since the decision was taken to invest in our Chodov factory, achieving as high a LEED rating as possible has been one of our top priorities. As part of our commitment to minimizing the impact of our operations on the environment and reducing operating costs of our facilities, under the SKF BeyondZero umbrella, our ambition is for every new manufacturing facility to be designed and certified pursuant to the LEED standard.”

SKF has made significant investments in expanding its lubrication systems business in recent years, since the acquisitions and integrations of Willy Vogel AG and Lincoln International in 2004 and 2010, respectively. The Group now offers the lubrication industry’s broadest range of products and services, under two leading brands: Lincoln and SKF.

Aktiebolaget SKF
       (publ)

Posted: November 19, 2014, 8:00 am

Gothenburg, Sweden, 18 November 2014: In order tofurther increase focus and reduce costs, the SKF Group isrationalizing its corporate staff structure within GroupManagement. 

With immediate effect, there will be four Group staffunits reporting to the President and CEO:

Group Finance and BusinessTransformation – headed by Henrik Lange, who is alsoExecutive Vice President of AB SKF. In addition to his currentresponsibilities, Henrik will also be responsible for Demand Chain,IT, the UNITE project, Purchasing and InvestorRelations.  

Group People, Business Excellence andCommunication – headed by Kent Viitanen.
In addition to Kent’s current responsibilities, he will also beresponsible for Communication.

Group Legal and Sustainability –headed by Carina Bergfelt.

Group Technology Development –currently headed by Alan Begg (by Bernd Stephan from 1 January2015).

Bo-Inge Stensson, Senior Vice President, GroupPurchasing, will report to Henrik Lange.

Ingalill Östman, Senior Vice President, GroupCommunications and Government Relations, and Lars Wilsby, SeniorVice President, Group Business Transformation, have both decided toleave the SKF Group at the end of 2014.

Aktiebolaget SKF
      (publ)

Posted: November 18, 2014, 4:00 pm

Gothenburg, Sweden, 11 November 2014:  SKF today announced the introduction of the SKF Hose connection control (HCC) for monitoring lubrication lines on construction machines. Designed to check for ruptures in lubricant hoses, this unit alerts the machine operator immediately if there is a fault in the main line from the pump or in the feed lines to the lubrication point.


Economically priced and easy to operate, the SKF Hose connection control can help to prevent costly bearing damage and unplanned downtime. In addition, the risk of accidents and environmental pollution from leaking lubricant can be reduced significantly. Requiring either 12 or 24 V DC, the HCC unit can monitor from 10 to 20 hoses, depending on voltage. It is simple to retrofit into existing lubrication systems and is expandable at any time. 


Operation of the SKF Hose connection control is not affected by line lengths, ambient temperature, pressure differential or pressure losses. Utilizing non-conductive lubricants or hydraulic fluids, the monitoring system has an operating pressure up to 300 bar (4 351 psi) and can be used in temperatures ranging from -40 to +70 °C (-40 to 158 °F). 


The SKF Hose connection control includes the analyzer unit, a connector that acts as an electric isolator between the lubrication line and the lubrication metering device, and a connection cable to the analyzer. Lubricant hoses must conduct electricity.


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 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: November 13, 2014, 1:00 pm

Gothenburg, Sweden, 6 November 2014:SKF announces that Bernd Stephan has been appointed Senior VicePresident, Group Technology Development. Bernd will assume his newrole on 1 January 2015 and will be a member of SKF’s GroupManagement. He succeeds Alan Begg, who is retiring.

Bernd Stephan joined SKF in 1994 andhas almost fifteen years’ experience of leading business unitswithin both SKF’s industrial and automotive businesses. Mostrecently, he was Director of the Group’s renewable energy businessunit. He is also very experienced in engineering, product andmanufacturing process development. Bernd is a German national andholds a degree in Mechanical Engineering from the University ofEssen.

Alan Begg joined SKF in 2007,leading the Group’s Technology Development function for sevenyears. He will work with Bernd to ensure a smooth handover untilhis retirement at the end of 2014.

Aktiebolaget SKF
(publ)

For further information,please contact:
Media Hotline:
+46 31-337 2400
Press Relations:
Theo Kjellberg, +46 31-337 6576;+46 725-77 65 76; theo.kjellberg@skf.com
Investor Relations:
Marita Björk, +46 31-337 1994; +46 705-1819 94; 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 2013 were SEK 63,597 millionand the number of employees was 48,401. www.skf.com

® SKF is a registered trademark of the SKFGroup.

Posted: November 6, 2014, 7:30 am
Gothenburg, Sweden, 4 November, 2014: SKF will be attending this year’s International Motorcycle Exhibition (EICMA) to showcase its full range of innovative solutions for the two wheeler aftermarket. The global leader in wheel bearings and sealing solutions will showcase its fork seal kit, fork mud scraper kit, seal head unit and wheel seal kit at the event in Milan, Italy, on 6-9 November 2014 at pavilion 4. Stand Q67.

Fork seal kit achieves superior sealing performance

The fork seal kit, developed by SKF to achieve superior sealing performance while reducing static friction, is suitable for all high-end motorcycle and MTB forks. It is composed of an oil seal and a wiper seal designed to withstand contaminated operating conditions and provide low friction, limited air suction and allow consistent hydraulic performance at factory setting levels. In case of MTB forks both oil sealing and wiper functions are usually integrated in a single seal.


Fork Mud Scraper Kit reduces contamination in the harshest conditions


SKF’s fork mud scraper kit is an innovative, ready-to-use solution for off-road two wheelers that is designed to be positioned above the fork without the need to dismantle the wheel. It prevents contamination from mud and the resulting abrasion, thus ensuring the rider’s safety by improving performance of the fork and the operating conditions of the seal. The kit includes two fork mud scrapers, cotter pins for fastening and a detailed instruction leaflet.


Integrated seal head unit solution enhances rider comfort and performance


Designed to enhance the performance of shock absorbers on off-road vehicles, seal head units are an integrated solution that provide sealing over a wide temperature range (-40 to +150 °C) and easy installation. The unit consists of five pre-assembled components, an integrated monotube seal, a washer, a bushing, the seal head and a dirt scraper, which ensures quick mounting time compared with multi-component alternatives and simplified air bleeding. SKF offers a service kit for simplified and efficient maintenance of the seal head unit, which includes the integrated monotube seal, the bushing and the scraper.


Wheel seal kit protects against high contamination in any environment


SKF’s wheel seal kit provides motorcycles riders with reduced friction, increased service life and longer bearing life to deliver the ultimate riding experience. Suitable for all motorcycle wheel hubs, especially off-road of high contamination environments, the wheel seal kit increases sealing efficiency by reducing friction. The patented seal design also features an integrated plastic shield that ensures the seal is resistant to high pressure wash.


Visitors to EICMA 2014 will find SKF in pavilion 4, stand Q67, at the Innteck stand. Innteck, renowned for its supply of reliable products of the highest quality, is SKF’s official distribution partner for sealing solutions designed for two wheelers. Experts will be on hand to explain the benefits of all these innovations to delegates.


Aktiebolaget SKF

    (publ)


For further information, please contact: 

Press Relations: Monique Turner, +1 267 436 6836; +1215 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: November 4, 2014, 1:00 pm

Gothenburg, Sweden, 31 October 2014: Due to conversions of shares from Series A to Series B in accordance with the Company’s Articles of Association, AB SKF confirms the following. As per 31 October the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 37,849,081 shares of Series A and 417,501,987 shares of Series B. The number of votes in the Company amounts to 79,599,280. AB SKF does not hold any own shares.

Aktiebolaget SKF
     (publ)


For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-776576; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-181 994; marita.bjork@skf.com


 

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 8:00 on 31 October 2014.

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: October 31, 2014, 7:00 am

Gothenburg, 29 October, 2014: SKF is supplying Daimler with wheel hub bearing units, for front and rear wheels, to their new small SUV Mercedes-Benz GLA.

Tryggve Sthen, President, SKF Automotive says, “We have been delivering solutions to Daimler for many years now. It is always great to see new vehicle models, equipped with solutions from SKF. This latest crossover is an appealing model for combined city and off-road driving. SKF’s wheel hub bearing units are designed to meet the demands of many different driving conditions with high performance and smoothness.”

SKF’s wheel hub bearing units support the 4MATIC all-wheel drive system to deliver powerful performance – on or off the road. In rough road conditions, the GLA can send up to 50% of the torque to the rear wheels to maximize traction and handling.

Aktiebolaget SKF
       (publ)


For further information, please contact:
Press Relations:
Monique Turner, +1 267 436 6836; +1215 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: October 29, 2014, 1:00 pm

Gothenburg, Sweden, 29 October 2014: SKF presents advanced products and solutions across the five SKF technology platforms at PTC Asia 2014, showing how SKF Life Cycle Management (LCM) can help customers improve energy and resource efficiency, increase reliability, and reduce maintenance life cost.


For the first time since the acquisition of Kaydon the company participates in PTC Asia together with SKF with the ACE Shockabsorber display. ACE Shockabsorber is the world leader in deceleration technology and provides a linear deceleration with the lowest possible strain on the machine.


This year, SKF introduces the products and solutions mainly from Industrial Drives and Seals product lines, targeting OEMs, and end user applications and associated services in the areas of gear units, electric motors, fluid machinery and material handling, which shows SKF’s excellent capacity of helping customers to improve the whole asset life cycle.



“For this year’s PTC Asia, we bring a wide range of products and solutions with good record in global market to China which are well-able to help industrial customers better realize the Life Cycle Management, reduce the Total Cost of Ownership and fully showcase the value of ‘The Power of Knowledge Engineering,” says Mr Zhu Jiming, SKF China President.


One example of new innovations is the new generation of Mudblock cassette seals mainly for off-highway applications and Planetary Drive unit applications respectively. These solutions can reduce seal friction by up to 20%, offering both off-highway and industrial gear unit customers a solution that reduces energy loss and thus increases efficiency. SKF provides a best in class sealing solution which increases bearing life by preventing the ingress of contaminants and retaining the lubricant inside the bearing, thus also minimizing environmental impact due to oil leakage.


A new sealing solution for hydraulic motors, which helps to stop motor oil leakages for SKF customers, is also presented at the PTC Asia exhibition. The sealing solution has achieved success Europe. Brevini Fluid Power, a global hydraulic component manufacturer in Italy, faced the problem that a formerly functioning orbital motor seal suddenly started leaking after eight hours of runtime. SKF’s new sealing solution not only fixed the problem quickly, but more importantly provided a long-term upgrade which fully met Brevini’s technical requirements and achieved the full recognition from our customer.


The Electrical Motor is another highlight in the exhibition and this year we present a new exhibit which showcases our solutions for most robust and most efficient AC induction and PM Motor applications. Electric motors are everywhere, and the machines they run account for more than a quarter of the world’s electricity consumption. SKF is helping OEMs meet increasing demands for quality products, shorter delivery times, and improved technical support. For end-users, SKF tools, technologies and services are driving overall efficiency and reducing total operating costs.


SKF also brings a hydraulic pump exhibit which demonstrates how SKF boost power density and extend service life for axial piston pumps. The market demand is for axial piston pumps to be more lightweight, high speed, high torque and robust reliability. SKF provides a solution that can increase power density, reduce friction and vibration, cut energy use and bring customers a series of benefits by adopting tapered roller bearing with a carbo nitrite surface, a customized H-ECOPUR seal and other improvements.


Experts from SKF’s different segments are present to exchange ideas and have in-depth discussion with the visitors.


Established in China in 1991, Power Transmission and Control exhibition (PTC Asia) is a leading industry exhibition in power transmission and control technologies. As a leading knowledge engineering company, SKF has participated in this exhibition for six years to exhibit its advanced technologies and integrated solutions to meet the increasing needs of Asian customers.


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 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: October 29, 2014, 8:00 am

At Hannover 2013, SKF unveiled a new and innovative technology that promised to revolutionise the way in which engineers use and interface with bearings.  Called SKF Insight, this new technology integrated a miniature, self-powered and intelligent wireless sensor at the heart of the bearing.  For the first time, this allowed engineers to monitor the operating conditions of a bearing from within a machine, in real time.  As a result, bearing wear and potential failure could be planned and prevented, rather than simply being predicted, as was previously the case.

Now, 18 months later, the technology is under validation and is finding practical applications in a number of different market sectors.  Before considering these in greater detail, let’s first look back at what makes SKF Insight so revolutionary.

The Insight project was born from the fact that few bearings fail in service as a result of normal operating conditions. Indeed, most in-service failures result from misuse, neglect, lubrication problems or operating conditions that were unforeseen when the machine was first designed or the bearing originally specified. 

Traditionally, condition monitoring looks for early signs of failure by measuring levels of vibration.  Vibration signals are normally produced when the first small fragments of steel begin to spall from the raceway surface of the rings or the rolling elements. By the time this damage reaches the stage where it can be detected using conventional sensors it is already too late, as the bearing has already suffered damage that affects its operating performance and life.

SKF engineers wondered what would happen if instead of using external monitoring devices, a bearing could detect the critical parameters affecting its immediate operating environment; and then to make this information instantly available via a wireless connection to the plant operator or machine manufacturer.

If operating conditions can be monitored in this way then potential damage can be prevented, or at least identified before it has an impact, with corrective actions being taken while machinery is working.  This would ensure that expensive and disruptive failures are avoided, thereby reducing total cost of asset ownership and giving a much longer machine operating life.

The solution that has been developed uses miniature sensors and intelligent wireless components that are embedded in the bearing and draw their power from the application environment as the bearing rotates.  The package is therefore completely self-contained; there are no cables required for power or sensor output, and once installed the device operates autonomously.

The intelligent wireless communication technology inside the bearing enables it to be used in environments where traditional Wi-Fi cannot function properly.  It also allows bearings to be configured in smart networks, which communicate via wireless gateways.

An SKF Insight bearing can monitor the applied load, the quality of lubrication, operating speed, temperature and vibration, and detect changes in the microstructure of the bearing steel, giving early warning signs before damage occurs at a macro-structural level.  This data can then be broadcast via cloud servers either to a local operator, who can use a specialised app on a smart phone or tablet, or to a remote monitoring centre.  In each case, diagnostic tools interpret the data to establish fluctuations from optimum operating conditions, including excessive loads, duty excursions and lubricant contamination, so that modifications can immediately be made to the operating conditions by adding lubricant, mitigating transient overloads and so on.

As the bearings are self-contained they can be used in applications where it has previously been impossible to embed sensors within the heart of a machine.  Not only does this represent an important step forward in real time condition based maintenance, it also provides a far better understanding of the operating environment so that it may be possible, for example, for a machine to be uprated to extend its life or power rating beyond the initial specification. 

One of the purposes of SKF Insight technology is to make condition monitoring more widely applicable and accessible, particularly in applications where it has been previously been considered impossible or impractical.  This is one reason why the technology is in testing in challenging industries such as wind power, rail and steel manufacturing.

Wind farms can be remote and difficult to access.  In some offshore applications, the cost of changing a wind turbine main bearing can be so high that it undermines the business case for building the turbine in the first place.  It therefore makes business sense to record loads and lubrication conditions in service and to take action to eliminate damaging conditions.

SKF is now working with customers to integrate SKF Insight technology and develop smart bearings for wind turbine monitoring.  This allows dynamic bearing information to be measured in the true operating state and to be wirelessly communicated to remote monitoring centres, or to local maintenance crews.  The solution currently under consideration can monitor bearing speed, vibration, temperature and lubrication  and can be retro-fitted, thereby instantly enhancing the operational potential of tens of thousands of turbines around the world. 

A similar solution is being developed for wheel end bearings used in the rail sector.  These are safety-critical components and are normally changed at set intervals regardless of condition.  By fitting SKF Insight it becomes possible to create an extremely cost effective method of collecting condition monitoring data, so that bearing life, and thus change-out intervals, can be accurately determined based on actual rather than predicted operating conditions. 

Intelligent bearing technology is opening up new dimensions, both in the field of condition based monitoring and in machine design, operation and life.  Innovations such as SKF Insight are now providing for the first time the critical tools and data that engineers and business managers need to maximise the efficiency, productivity and profitability of their machine assets.

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 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: October 28, 2014, 8:00 am

Gothenburg, Sweden, 27 October 2014: SKF announces that Stephane Le-Mounier has been appointed President of the business area SKF Automotive. Stephane will assume his new role on 1 January 2015 and will be a member of SKF’s Group Management and Executive Committee. He succeeds Tryggve Sthen, who is retiring.

 

Stephane joined SKF in 1988 and has held a number of senior positions within both SKF’s industrial and automotive businesses. Most recently, he was Director of the Group’s aerospace business unit. Stephane holds a degree in Mechanical Engineering and a post-graduate degree in Finance and Controlling.  He is a French national. 

 

Tryggve joined SKF in 2003, leading the Automotive business for 12 years. He will work with Stephane to ensure a smooth handover until his retirement at the end of 2014.

 

SKF Automotive serves manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers and the vehicle aftermarket. In 2013, the business area generated SEK 17,421m in net sales, representing 27% of the Group’s total. 

 

Aktiebolaget SKF

(publ)


For further information, please contact:

Media Hotline:+46 31-337 2400

Press Relations:Theo Kjellberg, +46 31-337 6576; +46 725-77 65 76; theo.kjellberg@skf.com

Investor Relations:Marita Björk, +46 31-337 1994; +46 705-18 19 94; 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 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: October 27, 2014, 1:30 pm

Gothenburg, Sweden, 21 October 2014: SKF announces the opening of its latest SKF Solution Factory. Located in Birmingham, Alabama, the facility is designed to provide customers with a single point of access to SKF’s range of industrial and application knowledge. This is the third SKF Solution Factory to open in the United States and the sixth in North America.

“With every SKF Solution Factory that we open, we bring SKF knowledge closer to our customers,” said Vartan Vartanian, President, SKF Industrial Market, Regional Sales and Service. “We have many customers in this part of the United States, from a wide range of industries, so it makes a lot of sense for the next step in our global expansion to take place here in Birmingham.”

The new facility offers an extensive range of SKF services and solutions, including application and reliability engineering, customized machined sealing solutions, mechanical services, asset diagnostic services and a full spectrum of training courses.

This is the second SKF Solution Factory to open during 2014, taking the Group’s total to 29 across the world.

Aktiebolaget SKF
     (publ)



For further information, please contact:
Media Hotline: +46 31-337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-77 65 76; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-18 19 94; 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 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: October 21, 2014, 7:00 am

Gothenburg, 16, October 2014:  SKF has improved its capabilities to provide customized lubrication solutions around the globe. With the acquisition of the Lincoln brand in 2010, SKF now offers a complete portfolio of products ranging from manual grease guns to advanced automatic lubrication systems, available through its Lubrication Business Unit.

“Since the acquisition of Lincoln, we have been working diligently to organize our product portfolio and to unite our distributor channels into one network that represents both brands,” said Robert Law, president of the SKF Lubrication Business Unit. “This effort symbolizes how the two groups have joined forces to provide innovative solutions and technical expertise to our customers worldwide.”

Drawing on more than 200 years of combined SKF and Lincoln friction management experience, SKF provides lubrication system design, installation and service, as well as lubricant analysis, testing and training. Products and services are available to OEMs and end users through a global network of distributor partners, supported by one unified sales organization.

With both oil- and grease-based systems, SKF provides lubrication solutions and components for industries including machine tool, mining and metals, pulp and paper, food and beverage, oil and gas, agriculture, off highway and renewable energy. These solutions include single-line, dual-line, progressive and multi-line, circulating oil and air+oil lubrication systems, as well as automatic lubricators and micro-dosage lubrication systems. The comprehensive line also includes premium lubrication tools and equipment and used fluid systems.

Aktiebolaget SKF
    (publ)

For further information, please contact: 


Press Relations: Monique Turner, +1 267 436 6836; +1 215 801 8722; monique.turner@skf.com
Press Relations: Kenneth Walsh, +1 314 679 4255; +1 314 477 5661; kenneth.walsh@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: October 16, 2014, 12:00 pm

Tom Johnstone, President and CEO:
”Demand was slightly lower than expected during the quarter, particularly in Europe and within our automotive business. As a result manufacturing was adjusted lower than planned at the start of the quarter impacting our results but ensuring we also reduced inventory in fixed currency. Cash flow, at over SEK 1.4 billion, was strong and we continue to focus on reducing net working capital. This work will intensify during the fourth quarter and into the coming years as we take specific steps to address the different areas within net working capital.
   We continued to take a number of important orders, launched a number of new products and also announced the establishment of a new Global Technical Centre in North America. When up and running at the end of next year it will complete our planned network of two Global Technical Centres in each major region of the world.
   It is almost one year since we acquired Kaydon and their growth and profit development has been very positive since the acquisition. The integration is running fully in line with our plans in terms of sales and cost synergies.
   Looking forward we continue to operate in an uncertain business environment which may even have worsened slightly in Europe in the last months. As such we expect demand for our products in the fourth quarter to be relatively unchanged both sequentially and year on year and will run manufacturing a little lower than sales to further reduce inventories.
   I have earlier advised that I will step down as President and CEO at the end of this year and the Board
has chosen Alrik Danielson as my successor from 1 January whom I warmly welcome back to SKF.”



 
Key figures

Q3 2014

Q3 2013

YTD 2014

YTD 2013

Net sales, SEKm

17,787

15,623

52,476

47,167

Operating profit, SEKm

2,073

1,923

6,193

5,240

Operating margin, %

11.7

12.3

11.8

11.1

Operating margin excl. one-time items, %

11.8

12.9

11.8

12.2

Profit before taxes, SEKm

1,827

1,717

5,375

4,581

Net profit, SEKm

1,407

1,165

3,869

3,087

Basic earnings per share, SEK

3.01

2.47

8.27

6.57



Net sales change y-o-y, in SEK,

attributable to:


Volume

Price/
mix

Structure

Currency
effect

Total

Q3 2014


1.9%

1.3%

5.4%

5.3%

13.9%

Year to date 2014


3.8%

0.7%

4.7%

2.1%

11.3%


Sales in Q3 in local currency and excluding structure was relatively unchanged in Europe and Latin America, increased by 3% in North America, 8% in Asia and 7% in Middle East and Africa.
Manufacturing in the third quarter was relatively unchanged compared to last year.
Sales in the first nine months in local currency and excluding structure increased by 2% in Europe, 3% in North America, 1% in Latin America, 11% in Asia and 14% in Middle East and Africa.
Manufacturing in the first nine months was slightly higher compared to last year.

Outlook for the fourth quarter of 2014

Demand compared to the fourth quarter 2013

The demand for SKF’s products and services are expected to be relatively unchanged for the Group and for Europe, slightly higher for Asia and North America and slightly lower for Latin America. It is expected to be slightly higher for Strategic Industries, relatively unchanged for Regional Sales and Service and slightly lower for Automotive.

Demand compared to the third quarter 2014
The demand for SKF’s products and services are expected to be relatively unchanged for the Group and for Europe, slightly higher for Asia and North America and slightly lower for Latin America. It is expected to be relatively unchanged for Strategic Industries, slightly higher for Regional Sales and Service and slightly lower for Automotive.

Manufacturing
Manufacturing is expected to be slightly lower year over year and compared to the third quarter.

Gothenburg, 15 October 2014

Aktiebolaget SKF
     (publ)


A teleconference will be held on 15 October at 14.00 (CEST), 13.00 (UK), 08.00 (US):
SE: +46 8 5065 3936
UK: +44 203 427 1912
US: +1 646 254 3364

You will find all information regarding SKF Nine-month results 2014 on the IR website.
investors.skf.com/quarterlyreporting



For further information, please contact:
Press Relations: Ingalill Östman, +46 31-337 3260; +46 706-97 32 60; ingalill.ostman@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-18 19 94; marita.bjork@skf.com



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 13.00 on 15 October 2014.



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 är ett registrerat varumärke som ägs av SKF-koncernen.
™ BeyondZero är ett varumärke som ägs av SKF-koncernen.

Posted: October 15, 2014, 11:00 am

Investment enables the SKF Group to capitalize on the fast growing wind energy market in Brazil


Gothenburg, Sweden, 13 October 2014:  SKF today announces that it is investing around SEK 220 million in a new factory at its existing SKF Campus in Cajamar, Brazil.  The 6,600 m2 facility, which will employ up to 150 people, will produce Kaydon slewing ring bearings for wind turbine manufacturers providing solutions to the Brazilian wind energy segment.

SKF’s presence in Brazil dates back to 1915 and the country is one of the world’s fastest growing markets for wind energy, with predicted annual installation growth of between 2,000MW to 3,000MW per year.

Tom Johnstone, SKF President and CEO says, “Kaydon’s market leading position within renewable energy in North America, combined with SKF’s global footprint and the investment in Brazil, creates one of the strongest portfolios and service offerings available today.” He added, “This is also a great example of how we are broadening our SKF BeyondZero portfolio on a global scale, by offering renewable energy customers a wider assortment of products that help deliver improved environmental performance.”

Production at the new factory is scheduled to commence during the second half of 2015.

SKF completed the acquisition of US-based Kaydon Corporation on 16 October 2013. Through the acquisition and resulting combined service offering, customers across key global industries benefit from a more complete product portfolio and complementary technology solutions.

Aktiebolaget SKF
      (publ)



For further information, please contact:
Media Hotline: +46 31-337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-77 65 76; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-18 19 94; 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 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com

® SKF and Kaydon are registered trademarks of the SKF Group.
™ BeyondZero is a trademark of the SKF Group.

Posted: October 13, 2014, 10:00 am


Gothenburg, Sweden, 9 October 2014: SKF has signed two agreements with Scania, totalling SEK 360 million, for the supply of wheel bearings and high pressure valve stem seals.  

Tryggve Sthen, President, SKF Automotive says, “It is truly rewarding to see our solutions contributing to Scania’s development of energy efficient trucks. This is a result of our long-term engineering partnership with Scania, which is built on shared values. Both companies are committed to the highest levels of sustainability, in the work we do and the solutions we provide.”

These SKF bearings can be assembled quickly and cost-effectively.  They also allow for longer maintenance intervals, reducing the total cost of ownership for truck owners. Deliveries will start in Q2 2015.   

Part of the SKF BeyondZero portfolio, SKF’s high pressure valve stem seals are designed to withstand the extreme pressure levels generated by modern down-sized and turbo-boosted engines.  The solution’s reliability and high performance levels help contribute to improved truck engine efficiency.  This agreement is an extension of existing business.

Aktiebolaget SKF
     (publ)



For further information, please contact:
Media Hotline: +46 31-337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-77 65 76; theo.kjellberg@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-18 19 94; 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 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: October 9, 2014, 7:00 am

Gothenburg, Sweden, 2 October 2014: The SKF Group will publish its third quarter results on 15 October 2014 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 14:00 (CEST), 13:00 (UK Time), 08:00 (US Eastern Time).

The following SKF Executives will be present on the call:
Tom Johnstone, President and CEO
Henrik Lange, Executive Vice President and CFO
Ingalill Östman, Senior Vice President, Group Communications
Marita Björk, Head of Investor Relations

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: +44 203 427 1912
US: +1 646 254 3364

Please inform the operator that you wish to take part in the SKF conference call, with confirmation code 5666201. 

The SKF Group's for the first nine months of 2014 will be published around 13.00 (CEST). 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 Tom Johnstone after the conference call, please contact Theo Kjellberg on theo.kjellberg@skf.com / +46 31-337 6576 or Jenny Roos on jenny.roos@skf.com / +46 31-337 2262.

Aktiebolaget SKF
     (publ)



For further information, please contact:
Media Hotline: +46 31-337 2400
Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-77 65 76; 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 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: October 2, 2014, 8:00 am

SKF has released a wide range of Food Grade Lubricants that are NSF/H1, Kosher and Halal approved, offering excellent lubrication properties for a vast majority of conditions in the food & beverage industry.


Gothenburg, Sweden, 1 October, 2014: SKF has launched a range of Food Grade Lubricants that may increase reliability and safety of applications in the food and beverage industry. The specially developed products are NSF/H1, Kosher and Halal approved.


The food industry requires lubricants that not only offer standard lubricating properties to resist wear, friction, corrosion and oxidation but are also food grade, internationally approved and offer the ability to perform under the stringent conditions of the manufacturing environments.


SKF’s expanded range of Food Grade Lubricants has been specially developed to perform reliably in the typical application conditions of the food and beverage industry and meet the needs of producers to provide safe products.

“Good lubrication management practices are vital for our Food and Beverage customers,” says Jean Christophe Brossard, Global Manager, Food & Beverage Segment, SKF. “Lubrication influences efficiency of assets and energy consumption whilst inappropriate practices can impact food safety. Launching these lubricants is strengthening SKF's ability to support customers with food grade lubricants plant wide, in line with HACCP (Hazard Analysis and Critical Control Point) processes. Combined with our lubrication systems, re-lubrication free solutions and lubrication management knowledge, this gives our customers many options for optimizing lubrication management on site.”

SKFs expanded range includes: LGFP 2 General purpose grease, LGFD 2 High load grease, LGFS 00 General purpose grease, LGFT 2 High temperature grease, LGFC 1 Low temperature grease, LFFM 80 High moisture chain oil, LHFP 150 General purpose chain oil, LFFT 220 High temperature chain oil, LDTS 1 Dry film lubricant, LFFH 46 Hydraulic oil, LFFH 68 Hydraulic oil, LFFG 220 Gear oil and LFFG 320 Gear oil.

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 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: October 1, 2014, 7:00 am
Gothenburg, 24 September 2014: A new generation of SKF Mudblock cassette seals has been launched for oil-lubricated wheel-end applications that will significantly extend seal service life compared with equivalent products in the market. The solution can reduce seal friction by up to 20%, offering off-highway customers a solution that reduces energy loss and thus increases efficiency.

The seal features a multilip cassette seal design incorporating optimized lip geometry, stainless steel counter surface and a specially formulated nitrile compound to reduce wear and aging. The combination provides a best in class sealing solution which increases bearing life by preventing the ingress of contaminants and retaining the lubricant inside the bearing, thus also minimizing environmental impact due to oil leakage.

“The main customer need that this solution addresses is increased reliability – something all off-highway OEMs strive for, as customers may gain up to 50% longer seal operating life.,” explains SKF Global Product Manager Vinay Joyappa ” With SKF Mudblock cassette seals, SKF offers value to both OEMs and end-users, thereby helping the customers to improve the asset life cycle.

The solution reduces warranty claims, increases productivity and reduces the owning and operating costs. The SKF Mudblock cassette seal comes in a wide range of sizes from 25 mm to 250 mm shaft diameter and is interchangeable with other cassette seals.

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 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: September 24, 2014, 12:00 pm

SKF will launch three rail solutions that further the reduction of energy use at this year’s InnoTrans trade fair in Berlin, the first from the SKF BeyondZero portfolio for the railway industry

Gothenburg, 23 September 2014: SKF will be showing rail customers how its solutions further the reduction of energy use at this year’s InnoTrans trade fair in Berlin, September 23-26. A selection of SKFs current railway offers will be featured, including the first BeyondZero solutions for the sector: the SKF Low Frication Railway Bearing Seal, the SKF Low Weight Railway End Cap and SKF railway wheelset bearing remanufacturing services.

All of these products and services display SKFs commitment to reducing energy use in the railway industry.  Rail has always been a ‘green’ mode of transport, but these solutions from SKFs BeyondZero portfolio take environmental performance a step further.  These SKF BeyondZero solutions are designed to help reduce CO2 emissions, preserve limited resources and protect the environment from the use and spread of toxic substances.

The three SKF BeyondZero portfolio products are:

SKF Low Friction Railway Bearing Seal


Based on extensive research and development, the SKF Low Friction Railway Bearing Seal used with the SKF CTBU (Compact Tapered Roller Bearing Unit) will reduce frictional moment and wear.  When compared with SKF CTBUs equipped with the previous generation of seals this new generation seal reduces bearing friction torque by 13%. This represents a significant reduction in friction leading to lower power losses and a reduction in the energy used by trains.

SKF Low Weight Railway End Cap


By optimizing the geometry of a previous generation end cap, SKF engineers have reduced its weight by up to 37%. The result is the SKF Low Weight Railway End Cap – a railway bearing end cap that weighs just 3,76 kg. Its optimized design, featuring a water tight end cap to prevent water ingress, boosts rail fleet energy efficiency and reduces environmental impact.

SKF Railway Wheelset Bearing Remanufacturing services


Bearings remanufactured or reconditioned by SKF offer up to 55% cost savings compared to new bearings. SKF railway wheelset bearing remanufacturing services are performed by SKF on a variety of railway bearing unit types according to SKF specifications. Remanufactured bearings from SKF offer comparable performance to new bearings but at a significantly lower cost.

Visitors to InnoTrans will find SKF in Hall 22A, Booth 606

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 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: September 23, 2014, 12:00 pm

Gothenburg, Sweden, 23 September 2014:  SKF today announced the introduction of the Lincoln lubrication upgrade kits for wind energy systems. An extension of its customized lubrication solutions for wind turbines, this retrofit kit provides a cost-effective, easy-to-install option for upgrading existing turbines to automatic lubrication. 


Developed for use on most onshore wind turbines up to two megawatts, the lubrication upgrade kit includes standardized, pre-assembled components, as well as various accessories and fittings. Ordering the kit is simple for the customer, as requires minimal information to confirm its suitability.   


Installation of the Lincoln lubrication upgrade kit can be completed by SKF service personnel or by the customer’s own maintenance staff. Designed to increase productivity and minimize downtime, this kit reliably supplies lubricant to all connected lubrication points.

Aktiebolaget SKF
    (publ)


For further information, please contact:

Press Relations:  Monique Turner, +1 267 436 6836; +1215 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: September 23, 2014, 12:00 pm

SKF will showcase its HSS reinforced, all-rubber seals, which offer increased reliability and productivity for wind turbines, at Wind Energy 2014 Hamburg.


Gothenburg, Sweden, 23 September 2014  The innovative range of reinforced HSS seals were specially developed by SKF to protect large size bearings that function under tough operating conditions, such as those experienced within wind turbines. Featuring a proven sealing lip design and a new concept of reinforcement, the HSS seals offer high stability. As they are all-rubber, the seals also provide the additional benefits of being able to accommodate imperfections in the housing bore.


SKF’s HSS seals are available in the company’s ozone radiation resistant material grade - SKF Duratemp (HNBR). This has been successfully used by the wind energy industry and has been developed further to ensure optimum performance in the most demanding of applications. The standard grade of this high-performance material is used for the sealing lip, while the part of the seal body that is in contact with the housing bore is made from a harder grade. This provides improved stability in operation and during the installation process. This concept of reinforcing the seals allows for both solid and split designs, which facilitates easy and quick installation and replacement. The smooth outside diameter provides excellent static sealing and there is no risk of dimensional changes to the seals when exposed to moisture.


“Seals are often perceived as commodity items. In reality, they are essential system components that help to ensure bearing and system performance, reliability and efficiency. The ease at which the HSS seals can be exchanged and installed is a major advantage to the wind industry, particularly as working space in the up-tower in the nacelle is usually limited”, says Maria Conception Martin, SKF Global Product Manager of Wind Industry Seals.


SKF has introduced a flexible manufacturing process for the HSS seals. This enables the seals to be easily customized to effectively match specific shaft and seal housing dimensions without customers experiencing additional costs or extended delivery time. 


Wind Energy 2014 Hamburg, one of the world’s foremost events for the exhibition of innovative and advanced equipment for the wind energy industry, takes place between September 23-26, 2014 at Congress Center Hamburg, Hamburg – Germany. Visitors to the event will find SKF and information on the new HSS seals at Stand B6/374.


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 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: September 23, 2014, 12:00 pm
SKF will be using the WindEnergy Hamburg 2014 exhibition to showcase its latest initiative for the wind industry: the wind industry quality standard.

Gothenburg, 23 September 2014: SKF will be presenting its latest initiative for the wind energy sector at this year’s WindEnergy Hamburg exhibition.  The WIQS has been designed to help wind turbine manufacturers as well as wind farm operators improve turbine efficiency and availability, SKF’s wind industry quality standard (WIQS) is a major step forward in standardising engineering, manufacturing and quality assurance processes for wind turbines, sub-systems and components.

The WIQS takes an innovative approach, bringing together established practices and standards from a number of different disciplines.  These include APQP and Engineering Change Management, which are combined with SKF’s industrial engineering experience, gained in sectors ranging from aerospace, automotive and rail, to traditional and renewable energy.

Bernd Stephan, Director, SKF Renewable Energy Business Unit, explains, “The wind energy sector is developing rapidly.  To optimise productivity and profitability it is essential that turbine output and reliability are maximised.  Our wind industry quality standard plays a vital role in helping customers meet these needs by defining specific engineering, manufacturing and quality processes for bearings and other critical turbine components.  This will ensure consistency and full traceability throughout the entire value chain, delivering even greater reliability, controlled maintenance and optimised life cycle cost efficiency”.

The SKF WIQS defines six key areas: advanced quality planning, engineering change management, traceability, non-destructive testing, cleanliness and visual appearance.  Together, these control component quality at every stage of the production process.  In the example of bearings, this starts with the initial steel melt and continues through manufacturing to final sub-surface and surface inspection, packing and delivery.  Every step is governed by techniques adapted from the APQP standard, covering factors such as product and process risk analysis, critical production stages and process validation.

SKF will be implementing the WIQS in phases between 2014 and 2016, in factories that produce wind turbine bearings.  The first bearings to be certified to the WIQS will be main shaft and gearbox bearings.

SKF is exhibiting on stand B6/374 at WindEnergy Hamburg 2014.

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 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: September 23, 2014, 12:00 pm

SKF has launched the SKF Multilog On-line System IMx-B, the first wireless full bogie monitoring system for rail operators, enabling efficient, fleet-wide condition monitoring 


Gothenburg, Sweden, 23 September 2014: The new SKF Multilog On-line System IMx-B, the first wireless full bogie monitoring system for all types of locomotives and passenger railway vehicles, enhances service, reliable operation and train maintenance efficiency. The system offers added value by bringing a bogie wireless condition monitoring solution for easier installation to both large and small train operators who are seeking to improve service performance, train maintenance and availability and making the transition from time-based maintenance to condition-based maintenance for their fleets.


Vibration, temperatures and speed data are collected and processed by the SKF Multilog On-line System IMx-B Wireless from railway specific sensors on the bogie.  Intelligent capabilities built into the system recognise stable running conditions as the time to collect data and calculated values can be processed locally on the train for immediate feedback or sent wirelessly to the cloud for further remote analysis in SKF @ptitude Observer software.  This enables the maintenance department to swiftly evaluate all bogie rotative component conditions of motors, gearboxes, axleboxes and wheels.  SKF software access is flexible and can be purchased outright by the customer or utilised on a subscription basis.  Data is sent wirelessly and analysis can be made by the customer’s staff or as an outsourced service by SKF remote diagnostics center for expert analysis and reporting.


“The goal of the SKF Multilog IMx-B development was to create a bogie monitoring system that can be easily and cost effectively installed in new trains or retrofitted to existing fleets and conveniently connected to remote monitoring centres for expert analysis and maintenance purposes,” says Victor Martinez, Business Development Manager Railway Mechatronics and Condition Monitoring, SKF.


The SKF Bogie Monitoring System offers wide area network wireless/3G compatibility, and fulfils railway standards for bogie mounted electronic systems. The full Condition Monitoring capability includes SKF Acceleration Enveloping for early bearing fault detection, 16 analogue channels and compatibility with many different sensor types.  It can be retrofitted to existing trains without costly wiring overheads due to its wireless capabilities and is suitable for both high and low speed mainline trains, and metro vehicles.


The SKF Multilog On-line System IMx-B Wireless is one of a series of solutions that enhance efficiency and performance in rail applications that will be demonstrated at the InnoTrans fair in Berlin from 23th-26th September.


Also displayed will be a new generation of tapered roller bearing units for passenger trains and compact tapered roller bearing units for heavy haul freight and the SKF Microlog Analyzer kit for Railway.


Visitors will find SKF in Hall 22a, booth 606.


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 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 registered trademark of the SKF Group.

Posted: September 23, 2014, 12:00 pm

A new portable analyser kit from SKF will collect and interpret condition monitoring data from operating train bogie systems, helping protect and boost profitability

Gothenburg, Sweden, 23 September, 2014: SKF has released a new analyser kit that has been designed to meet the unique needs of the railway industry. Due to its compact, portable form factor, the SKF Microlog CMXA75 significantly improves the efficiency of data collection both in workshop and operational condition monitoring programs.  The portable device, which can be used for sophisticated analysis of bearing and other rotative parts in traction motors, gearboxes and other rotating rail application equipment, underlines SKF’s status as a major player in condition monitoring for the railway industry with solutions that help users protect and boost profitability.

The SKF Microlog CMXA75 collects data from accelerometers placed on the subsystem that needs to be checked.  Signals are processed by the handheld analyser and alarm parameters set in the SKF @ptitude Observer software enable fast and accurate condition monitoring of key systems. The kit can be used as both a troubleshooting tool and for routine operational condition monitoring. Used in combination with the SKF @ptitude Observer software, the Microlog constitutes a complete entry level condition monitoring system for large and small train operators.

“All railway operators are interested in condition monitoring, but some have not yet incorporated it into their maintenance programs,” says Fredrik Larsson, Managing Director, Condition Monitoring Center Lulea and Global Business Development, SKF.  “The SKF Microlog CMXA75 is convenient and easy-to-use for operators who are not vibration specialists, facilitating the transition from time-based maintenance to condition-based maintenance and providing a wide range of measurements in a single instrument.  The analyser replaces human listening to monitoring with a measurable system that improves the customer’s ability to offer consistent quality in their operations by providing a repeatable quality check.”

The SKF Microlog CMXA75 helps rail operators achieve a more efficient maintenance strategy by helping reduce the duration of maintenance and unplanned service disruptions. Used as part of a predictive maintenance regime, it will help operators achieve savings in maintenance costs due to extended service intervals, reduce passenger inconvenience as a result of reducing service disruption, improve workshop testing quality procedures and bring about a more efficient use of downtime.

The SKF Microlog CMXA75 is one of a series of solutions that enhance efficiency and performance in rail applications that will be demonstrated at the InnoTrans fair in Berlin from 23th-26th September

Also displayed will be a new generation of tapered roller bearing units for passenger trains and compact tapered roller bearing units for heavy haul freight and the SKF Multilog On-line System IMx-B

Visitors will find SKF in Hall 22a, booth 606.

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 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: September 23, 2014, 12:00 pm
Gothenburg, Sweden, 23 September 2014:  SKF today announced the introduction of the GSM* Lubrication Monitor for use with its automatic lubrication systems. Developed to avoid damage caused by improper lubrication, the device monitors system pumps that are not connected to control centers and notifies maintenance personnel of an empty reservoir or another lubrication issue by sending an SMS message to one or more cell phones.


Requiring only the device and a cell phone, the GSM lubrication monitor is a cost-effective solution for monitoring lubrication pumps in difficult-to-access locations. The lubrication monitor features a pre-configured, plug-and-play design and is easy to install. It is set up using free PC software via a serial port or by cell phone using SMS commands.


The low-maintenance GSM lubrication monitor operates continuously and can be set to automatically provide a status report on a predetermined schedule. Up to 10 phone numbers can be synchronized with the lubrication monitor and can send various SMS commands. Alarm and recovery messages are time stamped for convenience.


An optional temperature sensor and internal battery are available for use with the GSM Lubrication Monitor. Also, this reliable device can be retrofitted to upgrade existing systems.


*GSM = Global System for Mobile Communications

Aktiebolaget SKF
    (publ)

For further information, please contact: Press Relations:
Monique Turner, +1 267 436 6836; +1215 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: September 23, 2014, 12:00 pm

SKF will showcase a range of innovations customized especially to meet the needs of the industry and minimise maintenance and downtime.


Gothenburg, Sweden, 22 September 2014: A range of SKF products will be featured at the Pump & Turbomachinery Symposia on 22- 25 September 2014. SKF has enhanced key products such as new bearing concepts and hydraulic coupling systems to offer users the best possible machine reliability in demanding applications and its experts will be on hand at the Symposia to explain how these innovations minimize maintenance and downtime.

The products on display include:

SKF Supergrip bolt


SKF Supergrip bolts offer an improved technology for connecting rotating flange couplings, reducing coupling maintenance time from days to hours. Designed for insertion and removal by hand with initial clearance fits, SKF Supergrip bolts eliminate maintenance time wasted by hammering seized or jammed bolts during insertion or extraction, and removes the need for an overhead crane. The design concept of SKF Supergrip bolts also enables a higher torque capability than that of traditional bolt systems.

Note: This product will be presented as a Case Study (Turbo Case Study session 2C on 25 September, 10-12 midday – CST13, location - level 3 room 361A)

SKF Magnetic bearings and E300 AMB control cabinet


To address the need for high speed and reliability in active magnetic bearings for the most demanding operating environments, SKF has partnered with many of the world’s leading OEMs and operators.  For downstream processes, this has resulted in SKF S2M Magnetic Bearings, which significantly enhance efficiency in gas compressors, polyethylene compressors, high-speed electric motor drives, ethylene turboexpanders, power generation turbogenerators, high-speed blowers and more.

Wireless Machine Condition Sensor


The SKF Wireless Machine Condition Sensor is a compact and battery-powered condition monitoring sensor that uses the WirelessHART communication protocol. The product combines sensor and relay node into one compact, battery-operated unit the size of a typical industrial accelerometer, providing dynamic vibration and temperature data for condition monitoring and machinery diagnostics. The SKF Wireless Machine Condition Sensor provides a wireless condition monitoring solution suitable for use in an ATEX Zone 0 hazardous environment. The ‘mesh network’ and excellent battery management gives the device a long operating life, making it a practical alternative to ‘wired’ on-line systems for monitoring balance-of-plant machinery.

Lubrication systems


Since the acquisition of the Lincoln brand in 2010, SKF engineers have developed lubrication systems for O&G applications that feature system components tailored to the demands of the industry. SKF automatic lubrication systems deliver the exact quantity of the appropriate lubricant to the right place at the right time while the equipment is running – without production downtime. SKF automatic lubrication systems extend bearing and machinery life, increase machine reliability and uptime, and cut lubricant consumption by up to 50 percent.

“Most pump and turbomachinery OEMs and End Users are looking for ways to increase asset reliability, improve asset life cycle management and reduce total cost of ownership.  Our stream of ongoing product developments and innovations are directly targeting those customer objectives.,” says Marty Herzog, Director Business Development, SKF Traditional Energy Business Unit.

The Pump & Turbomachinery Symposia 2014 takes place at the George R. Brown Convention Center, Houston, TX – USA.

Kaydon Ring & Seal, an SKF Group company that manufactures compressor shaft seals for demanding centrifugal and oil free screw compressor applications, will be in attendance at booth 1720


Visitors to the conference and exhibition will find SKF at booth 1351.

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 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: September 22, 2014, 12:00 pm

At the WindEnergy fair in Hamburg, SKF shows the SKF Condition Based Lubrication on its booth B6 / 374. Actively combining Lubrication and Condition Monitoring Systems (CMS), SKF Condition Based Lubrication automatically adds additional lubricant to wind turbine bearings, extending their life.

Gothenburg, 23, September 2014


SKF presents the SKF Condition Based Lubrication that enables remote and automatic lubrication of a wind turbine’s hard to access bearing system, eliminating the need for an on-site service engineer to perform extra manual lubrication.


SKF Condition Based Lubrication is an interface enabling a connection between the Condition Monitoring (SKF WindCon) and SKF or Lincoln Lubrication systems (SKF Windlub). Reacting to the problems detected by the CMS, SKF Condition Based Lubrication allows a lubrication pump to initiate additional lubrication cycles to the existing time-based cycle. A condition monitoring specialist can set the proper alarm settings to trigger additional lubrication cycles.


SKF Condition Based Lubrication allows the SKF WindCon system to monitor lubrication pumps and components, including pump status and grease levels. If failures such as empty or blocked pumps or torn feed lines are detected, operators are notified immediately.


“As an inclusion to an already planned investment in lubrication systems and CMS, SKF Condition Based Lubrication is a very cost effective add-on,” says Harry Timmerman, Product Manager SKF WindCon. “As such it brings the two systems together to create new and unique features, allowing the lubrication regime to react to the SKF WindCon CMS’s measurements.”


This early detection of lubrication failures working in combination with automatic lubrication will naturally avoid unnecessary and inconvenient maintenance operations, which is particularly important for offshore applications. It will also save on downtime and loss of production while waiting for intervention, lengthen the wind turbine’s life time, and reduce the risk of cascading failures.


All SKF products for the Wind industry are part of the SKF BeyondZero portfolio.*


*The SKF BeyondZero product portfolio contains products that offer enhanced environmental performance characteristics. To be included in the SKF BeyondZero portfolio, SKF products, services and solutions must deliver significant environmental benefits.


Aktiebolaget SKF
     (publ)


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

Dietmar Seidel, Leiter Technische Fachpresse Deutschland, Tel. 0 97 21 / 56 – 28 43, E-Mail: dietmar.seidel@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: September 22, 2014, 12:00 pm
Gothenburg, Sweden, 22 September 2014: SKF has launched a new tapered roller bearing unit (TBU) for passenger railway applications that will boost bearing service life by up to 40% compared to existing solutions. It can also help reduce fatigue failures, helping OEMs and end users to increase safety and maximise profit.

This next generation bearing unit, for maximum speeds of 160-250km/h, meets the needs of railway operators who are looking for ways to cut maintenance costs and time without impacting safety.  The new bearing enables OEMs to offer extended bearing service intervals to match those of wheelsets; this means that rail operators can align maintenance intervals to avoid service interruptions and keep as many trains as possible in operation.  Enabling two maintenance operations in one stop with potentially fewer bearing replacements also means a significant reduction in overall maintenance costs.

“Bearing life calculations indicate up to 40% increased bearing life compared to the existing solutions,” says Milan Soukup, SKF Railway Business Development Manager.  “In addition, SKF lab tests indicate a 30% friction moment decrease, while patented heat treatment “SKF Xbite” improves overall robustness and performance of the bearing.”

Operational features of the new TBU include higher resistance to hoop stress due to residual compressive stresses in the surface, higher wear resistance and slower crack propagation.  The optimised contact geometry of the bearing unit decreases friction and maintains carrying capacity, reducing operating temperature for a longer grease life and extending the maintenance interval.  Also, SKF has shown in testing that the specially  enhanced central spacer included in the design contributes to less fretting corrosion and thus longer grease life.

The new TBU for railway will be a key product on display at the InnoTrans fair in Berlin, 23-26 September. The bearing will be exhibited among other innovative rail solutions, including the new class of compact tapered bearing units from SKF for heavy haul freight, the SKF Microlog Analyzer and the SKF Multilog On-line System IMx-B for bogie subsystem condition monitoring.

Visitors will find SKF in Hall 22a, booth 606.

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 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: September 22, 2014, 12:00 pm
SKF has launched a new CTBU (Compact Tapered Roller Bearing Unit) with an axle load rated to 45 metric tons, helping rail operators to increase profitability by hauling more product with the same train


Gothenburg, Sweden, 22 September 2014: SKF has launched a new CTBU for railway operators that enable increased weight to be carried in freight cars designed for heavy hauls.  The CTBU has an axle load rated to 45 metric tons, which means that operators can increase profitability by hauling more product with the same length/configuration train.


This CTBU from SKF is the only heavy haul bearing rated to 45 ton operational axle load on the market.  This represents a transportation capacity increase from existing 35.5 ton axle load to 45 tons, allowing customers to increase transported weight of product in existing or new wagon fleets.  The new solution was developed as a direct result of customer requests and meets the needs of railway operators who are trending towards carrying heavier loads worldwide.


Damage to rolling stock and infrastructure, plus delays to shipment represent the biggest costs for rail operators but the improved bearing life of the new class CTBU means less bearing fatigue. The result is freight cars with longer maintenance intervals and higher performance.


“The SKF CTBU is equipped with a polyamide cage and has several features unique to SKF, like the polymer spacer, which avoids fretting corrosion in contact zone between the inner ring and backing ring,” explains Milan Soukup, Railway Business Development Manager, SKF.  “The unit is sealed with a specially designed low friction contact seal, which rides on the inner ring shoulder.  The calculated ‘Rating Life’ is up to 2 times greater than SKF Class G CTBU in the same conditions.”


The CTBU for railway from SKF will be on display at the InnoTrans fair in Berlin from 23-26 September. Among other rail solutions on display will be the new SKF Tapered Bearing Unit, the SKF Microlog Analyzer and the SKF Multilog On-line System IMx–B .


Visitors will find SKF in Hall 22a, booth 606.


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 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 registered trademark of the SKF Group.


Posted: September 22, 2014, 12:00 pm

Gothenburg, Sweden 22 September 2014:  SKF continues to increase its capabilities to provide customized solutions for the rail industry. With the acquisition of the Lincoln brand in 2010, SKF now offers a complete portfolio of products for wear and noise reduction applications.

SKF’s comprehensive product spectrum includes wheel flange lubrication systems to reduce wheel wear and wayside lubrication systems to reduce wear on the gauge face. Suitable for railroad, metro and tramway applications, both systems minimize rail wear and noise emission, including curve squealing.

Because the main components of both systems, such as pumps, metering devices and applicators, are produced by SKF, complete, custom-tailored solutions can be implemented. In addition, the combined knowledge and experience associated with the two brands has enabled the development of additional product innovations, as well as enhancements to existing products.

Due to the large number of variables present in a total system approach, an in-depth analysis of customer conditions is necessary to ensure optimum results. Initially, the current annual cost of replacing and re-working rails and wheels should be determined. Though it is difficult to weigh the economic value associated with noise reduction, comparison calculations can be performed to evaluate various technologies used to reduce noise and comply with regulations. Upon completion of the survey, potential cost savings are determined, as well as the required investment and maintenance costs for the lubrication system. This enables the customer to make an informed decision.

Wheel flange lubrication systems

Depending on the line distance between the pump and spray nozzle near the wheel, there are various types of wheel flange lubrication systems. These systems range from a grease reservoir that is pressurized with compressed air to systems with pneumatic piston pumps and separate grease containers. In cases where using on-board compressed air is not feasible, there also are airless systems that can apply grease or metallic paste directly on the wheel or rail.


Wayside lubrication systems

Wayside systems include gauge face lubrication and top-of-rail conditioning systems. In tramway applications, the lubricant usually is delivered via drilled lubrication holes, whereas railways require applicators to be mounted on the rail, as drilling is not an option. Depending on the calculated lubricant consumption, drum, reservoir and cartridge pump stations can be selected. All SKF pumps options can produce up to 350 bar (5,076 psi), allowing long tube lines between the pump and application point.

Visitors to InnoTrans fair in Berlin, September 23 -26, will find SKF in Hall 22a, booth 606.


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 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: September 22, 2014, 12:00 pm

Gothenburg, Sweden, 16 September 2014:  SKF today announced the introduction of the pneumatically driven PPS30 piston pump for small- to medium-sized oil and fluid grease lubrication applications up to NLGI 00 and 000. Featuring a compact, modern industrial design, this affordably priced pump is constructed from lightweight, high-performance plastics. 

The PPS30 piston pump is simple to install and provides a flexible connection system for convenient mounting. Because it is pneumatically driven, this pump is not limited by international voltage or plug standards and can reduce pump inventory needs, as no separate stock keeping of oil and fluid grease is necessary. In addition, the PPS30 piston pump can reduce operating costs over the unit’s life cycle through minimal compressed air consumption.

The pump unit features an integrated relief valve and electronic sensors, as well as visual fill-level monitoring that is supplemented by an electronic pre-warning function. Simple to clean, the PPS30 piston pump has a central reservoir opening that fills from all sides and a forward-opening flap for drip protection.

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 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: September 16, 2014, 12:00 pm

15 years after first being included in the Dow Jones Sustainability World Index, SKF’s sustainability efforts continue to be recognized


Gothenburg, Sweden, 15 September 2014: For the 15th year in a row, SKF has been listed as one of the world’s most sustainable companies by the Dow Jones Sustainability World Index (DJSI). In particular, the Company has once more been recognized as best-in-class within both environmental reporting and environmental management.   

“Fifteen years after first being included in the DJSI, I am incredibly proud to see that the hard work and commitment to sustainability that is exhibited by our people across the world continues to be recognized,” says Tom Johnstone, SKF President and CEO.   

SKF defines sustainability as SKF Care, which encompasses Business Care, Environmental Care, Employee Care and Community Care.  SKF BeyondZero is SKF’s strategy to create a positive impact on the environment. It consists of two simultaneous approaches:
•    to reduce the environmental impact resulting from SKF’s operations
•    to provide customers with innovative technologies, products and solutions that offer improved environmental performance.

SKF works to improve economic, environmental and social performance over the full value chain. A good example is the Group's climate strategy, which includes suppliers, SKF operations, transportation, distribution and customer solutions. This strategy and approach has been recognized by WWF through the nomination of SKF as a WWF Climate Saver.

The Dow Jones Sustainability Indexes were launched in 1999 and are longest-running and most prestigious global sustainability benchmarks worldwide.  In addition, SKF is also a member of the FTSE4Good Index.


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 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 registered trademark of the SKF Group.

Posted: September 15, 2014, 10:00 am

Gothenburg, Sweden, 11 September 2014: In accordance with a resolution taken at the Annual General Meeting of AB SKF on 28 March 2014, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute the Nomination Committee in preparation of the Annual General Meeting 2015.

Representatives:
Claes Dahlbäck, Foundation Asset Management
Ramsay Brufer, Alecta
Caroline af Ugglas, Skandia
Anders Algotsson, AFA Försäkring

The Annual General Meeting of AB SKF will be held in Gothenburg on Thursday, 26 March, 2015.

Shareholders who wish to submit proposals on members of the AB SKF Board, Board Chairman, Board fees, audit fees, Chairman of the Annual General Meeting, or Nomination Committee in preparation of the Annual General Meeting 2016, can, at the latest two months before the Annual General Meeting 2015, turn to the Chairman of the Board of AB SKF on e-mail:

chairman@skf.com

or to one of the representatives at the following e-mail addresses:

claes@rafsnas.se
ramsay.brufer@alecta.com
caroline.af.ugglas@skandia.se
anders.algotsson@afaforsakring.se


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 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: September 11, 2014, 8:00 am

Gothenburg, Sweden, 11 September 2014: The purpose of SKF’s Capital Markets Day in London on 10 September was to give investors and analysts a broader understanding of SKF’s business. All of SKF’s executive management was there, as well as a number of business unit managers.

SKF’s President and CEO, Tom Johnstone commented on the day: "We have had a very lively and interactive Capital Markets Day. We took the opportunity of digging deeper into our business in a number of areas and specifically focused on how we are working with the asset life cycle with our customers. We also took the opportunity of looking at the priorities and steps we are taking to enable us to achieve our financial targets. I want to thank everyone for their strong interest in SKF.”

SKF presented various examples of how customers benefit from its asset life cycle approach. One example was from the cement industry, where an end-user customer approached SKF with a vibration problem. After uncovering the cause of this problem, SKF designed a customized solution that was subsequently adopted by an OEM supplier. This led to additional new business for SKF.

An SKF customer, the mining company RWE Power, presented at the event why it chooses to work with SKF as a strategic partner and how it has benefited from using SKF’s solutions. Dr.-Ing. Bruno van den Heuvel, explained: “SKF not only has high-quality products, service levels and excellent delivery performance; it also has deep knowledge about bearing systems and it understands our assets and special operating conditions.”

In-line with the Company’s strategy to expand its services and solutions business both organically and through acquisitions, SKF announced that it has acquired two companies. These are GLOi, a Swedish-based alignment technology solutions company and Hofmann Engineering North America, a specialist engineering services company located in Canada.

SKF’s development within the renewable energy market was also featured, with particular focus on the wind energy market and its expanding aftermarket. SKF is a trendsetter in this market through developing condition monitoring systems, SKF WindCon, bearings for main shafts, SKF Nautilus, and the quality standard, SKF Wind Industry Quality Standard, to ensure common standards and traceability for critical components. SKF is also supporting the expanding wind aftermarket with spare parts, and has developed a strong position in this market.  The lubrication business focused on automatic systems having a potentially significant environmental and business impact. Automated lubrication systems use 30% less grease than those with manual lubrication and since only about 20% of all lubrication points are automatic today, this provides a major environmental gain and business opportunity.

SKF’s good business development in Asia was focused, highlighting China where SKF is building on its strong portfolio management and creating leading positions in selected market segments. The successful development of SKF’s second brands was covered along with their strong growth and widening global presence.

At last year’s Capital Markets Day the continuing strong order intake from automotive customers was highlighted and some deliveries to them have now commenced. A number of customer testimonials were shown during the day, for example from Volvo Cars, Geely, Great Wall, Dongfeng and Hyundai. SKF has developed a number of strategic partnership agreements in the Automotive sector. One example is Great Wall in China. The partnership will enable SKF to be involved very early in the customer’s development work as a preferred supplier. This provides a major opportunity for SKF to gain long-term business agreements for new platforms.

SKF confirmed its long-term targets and showed a bridge with the components that could bring the company to its operating margin target of 15%. It was also shown how the planned working capital target of 27% could be achieved by 2017. This would free up around SEK 3 billion of capital.

SKF’s programme aimed at reducing annual costs by SEK 3 billion by the end of 2015 was discussed and examples of achieved cost reductions were presented. For example significant reductions in purchasing costs have been made through a center led purchasing operation, supplier reduction programs and applying leading purchasing practices such as strategic sourcing and integrated cost reduction programs. The number of direct material suppliers have been reduced from 6000 in 2012 to around 4000 in 2014, with the goal of around 2000 in 2016. We also shared how total costs for lubricants were reduced by 15 % and for plastic and corrugated packaging by 10%.

Exhibition
To provide a better understanding of SKF, several exhibition areas were made available during the day. The main focus was on SKF’s asset efficiency optimization capability. This part of the exhibition showcased a wide range of condition monitoring solutions, including SKF’s online and offline devices, and Remote Diagnostic Services, as well as the latest mobile application developments. A highlight of the exhibition was SKF’s latest breakthrough technology SKF Insight®. Products and solutions for wind energy, as well as for lubrication systems and vehicle aftermarket solutions were also highlighted.

The entire day was filmed and will be available on SKF’s website.

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 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: September 11, 2014, 7:00 am

Gothenburg, Sweden, 10 September 2014: SKF has acquired two companies as part of its strategy to boost its service capabilities. One of these is GLOi, a Swedish-based alignment technology solutions company. The other is Hofmann Engineering North America, a specialist engineering services company located in Ontario, Canada.

“An important part of our strategy is to grow our service platform business, both organically and through acquisitions,” said Vartan Vartanian, President, SKF Industrial Market, Regional Sales and Service. “GLOi’s technology expertise will help us to accelerate sales of our alignment and condition monitoring offerings. Having their capabilities within SKF puts us in a stronger position to launch and further develop both generic alignment tools and high-end application-specific alignment systems.

“Hofmann Engineering North America is recognized for its large pinion and gear solutions and expertise in grinding. Their vastly experienced people and high-quality services will make an important contribution to what we can offer to both OEM and aftermarket customers through our SKF Solution Factory network.”

GLOi has developed and launched an integrated shaft alignment solution based on the iOS software platform used by iPads and iPhones. Founded in 2010, the company’s annual sales were SEK 6.3 million in 2013. It serves a similar customer base to that of SKF, including Marine, Steel, Mining, Pulp and Paper, and Hydrocarbon Processing.

Hofmann Engineering North America is a high-precision machining operation based in Cambridge, Ontario, and has 16 employees. The company predominantly serves OEM customers handling large components in North America – mainly in Canada. Its offerings include large pinion and gear solutions, precision grinding, and custom engineering projects.

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 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: September 10, 2014, 1:00 pm
SKF Blohm + Voss Industries is launching a non-retractable fin stabilizer which can also stabilize vessels at anchor (zero speed). Thanks to the rotary vane motor which has proven itself in other products, the new SIMPLEX-COMPACT FZ stabilizer delivers high performance and features a compact design making it particularly suitable for small and medium-sized vessels. The fin stabilizer will be presented for the first time at SMM 2014 in Hamburg, 9-12 September.

Gothenburg, Sweden 10 September, 2014: The new FZ stabilizer from SKF Blohm + Voss Industries offers a much improved stabilization, compared to previous systems on the market, when reducing roll of anchored vessels. Thanks to its rotary vane motor which has already proven to be successful with the supplier’s established stabilizers and control surface actuators, the new FZ stabilizer from SKF Blohm + Voss Industries achieves an operating angle of +/- 60°.

Because there is no hydrodynamic buoyant force when stabilizing a non-moving vessel, the forces to counter the roll have to come only from the paddle movement of the fins. In light of this fact, the operating angle of the fin plays an essential role. The larger this is, the stronger the stabilization. 

Furthermore, because of the the strong capability of the motor, the surface of the fin can be reduced. This not only makes the purchase price more attractive, but also cuts costs during operation. As a result of the fin’s smaller surface, less water resistance is created for the vessel, which helps reduce energy costs.

More comfort and less noise for passengers and crew

At the same time, the motor’s performance increases the comfort level on board. On account of the fin’s large operating angle, the force can be transmitted for a long period. The movement of the fins becomes more powerful and more uniform. As a result, the jerk effect on board is almost eliminated.

One important factor for a pleasant stay on board is the quiet running of the components, particularly when there is no engine noise, as is the case when stabilizing an anchored vessel. This is why SKF Blohm + Voss Industries overhauled the hydraulic system, which is also used in the SIMPLEX-COMPACT Z stabilizers. By converting to internal gear pumps, the structure-borne noises could be further reduced. The automatic adjusting of the pressure level to the required operation level and improvements enhance this effect.

What further enhances the chance of a comfortable stay on board is the adaptive control which finds the ideal fin movement on its own when it comes to the roll of the vessel. The switching between stabilizing vessels at anchor or underway happens automatically. This makes for a simple and clear handling of the stabilizers and does not require any in-depth knowledge of the system on the part of the crew.

Ideal solution for individual requirements

SKF Blohm + Voss Industries custom produces the new SIMPLEX-COMPACT FZ stabilizer for its customers. The system comes in fin sizes between 1.40 m2 and 10.30 m2. Upon request, a different configuration can also be delivered which meets the strict regulations of the 2013 Vessel General Permit applicable for all US coastal waters. The integration of the stabilizer into the vessel’s structure and the commissioning are performed by our own engineers and designers in close cooperation with the shipyard. 

An even stronger partner for the marine industry

In early 2013, SKF has acquired Blohm + Voss Industries (BVI), the German manufacturer of ship components. With this acquisition, SKF intends to strengthen its product portfolio for the marine industry. Furthermore, SKF widens its access to the market by using BVI's world-wide leading network of Sales and Service partners. Customers will benefit from SKF's expertise as a knowledge engineering company in combination with BVI's focus on shipbuilding and ship operations. The new joint organisation will be an even stronger partner for the marine industry, supplying critical components and fast and reliable services, as well as developing new applications that address future challenges in the ever changing environment of the industry.


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 Blohm + Voss Industries GmbH, Head of Corporate Communications: 
Malte Blombach, +49 40 3011-1133, +49 174 3132649, malte.blombach@bv-industries.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: September 10, 2014, 11:00 am

SKF Blohm + Voss Industries is now launching a new component, the SIMPLEX-COMPACT Oil Dryer. The unit extracts water from the sterntube seal lubrication  oil – thereby maintaining the quality of the oil. The company will present the solution  at the SMM 2014 trade fair in Hamburg, 9-12 September.

Gothenburg, Sweden, 10 September 2014: The new SIMPLEX-COMPACT Oil Dryer facilitates reliable oil/water separation – irrespective of whether the water in the oil is in a free, emulsified or dissolved state.

Oil/water mixtures can occur frequently in oil-lubricated sterntube seal designs without an air chamber. But even in installations where the sealing rings provide a seal against oil or water, the fluids are still required to provide lubrication for the sealing rings on the sterntube bushes. This is how water, even if only in small quantities, is able to mix with the lubricating oil.

In order to maintain the quality and lubricating properties of the oil, the water content of the lubricating oil should be kept as low as possible. When water mixes with the seal’s lubrication oil there is – particularly when ester-based oils are used – a risk of the sealing ring’s performance becoming degraded and its aging process accelerating. After the Vessel General Permit 2013 entering into effect, the use of biologically degradable oils, which are mostly ester-based, for lubricating the sterntube have increased. But the risk of hydrolysis exists even with just slight water contamination in these types of oil: Water promotes the decomposition of the oil into alcohol and acids, which then attack the sealing rings.

Reliably separating water from the lubrication oil


The SIMPLEX-COMPACT Oil Dryer functions according to a simple principle: A pump permanently circulates fresh oil between the seal and the associated tank. This ensures that potential contaminants are removed from the sealing rings. Inside the oil tank the system forces air through the oil from beneath, which is simultaneously heated. This creates evenly distributed air bubbles in the fluid, on the surface of which the water can evaporate. The air bubbles transport the water vapour enclosed within them to the surface, where they burst and release the vapour into the air in the space above the oil. This air, enriched with water vapour, is now actively removed from the tank. In this manner, the SIMPLEX-COMPACT Oil Dryer is capable of removing up to 1.5 litres of water per day from the sterntube lubrication oil.

Should the electricity supply on board the vessel be interrupted, the oil dryer is equipped with a backup system which ensures that the seal still receives a stable supply of oil. A second oil line bypasses the pump and this is normally closed by a solenoid valve. If the power supply should fail, this valve automatically opens, thereby maintaining the flow between the oil tank and the seal.

Often economically viable and easy to retrofit


The SIMPLEX-COMPACT Oil Dryer is offered as a complete “plug-and-play” solution which includes the pump, tank, filter and control unit. The system can be installed or retrofitted with all types of oil-lubricated sterntube seals, provided the seal is fitted with feed and return lines for circulating the oil and that electricity and compressed air supplies are available on board.

The use of a SIMPLEX-COMPACT Oil Dryer is recommended in all situations where the water content in the lubrication oil must be kept as low as possible, for instance when ester-based oils are used. Installation is also advantageous in situations where there is increased water contamination of the lubrication oil.

An even stronger partner for the marine industry


In early 2013, SKF has acquired Blohm + Voss Industries (BVI), the German manufacturer of ship components. With this acquisition, SKF intends to strengthen its product portfolio for the marine industry. Furthermore, SKF widens its access to the market by using BVI's world-wide leading network of Sales and Service partners. Customers will benefit from SKF's expertise as a knowledge engineering company in combination with BVI's focus on shipbuilding and ship operations. The new joint organisation will be an even stronger partner for the marine industry, supplying critical components and fast and reliable services, as well as developing new applications that address future challenges in the ever changing environment of the industry.


Further information:
www.skf.com/marine
www.bv-industries.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 Blohm + Voss Industries GmbH, Head of Corporate Communications:
Malte Blombach, +49 40 3011-1133, +49 174 3132649, malte.blombach@bv-industries.com

SKF is a leading global supplier of roller bearings, seals, mechatronic components and lubrication systems. The company also provides a comprehensive range of services in the areas of engineering, maintenance, repair and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2013 amounted to SEK 63,597 million and the number of employees was 48,401. Visit www.skf.com for more information. 


® SKF is a registered trademark of the SKF Group.
™ BeyondZero and Insight are registered trademarks of the SKF Group.

Posted: September 10, 2014, 11:00 am

Gothenburg, Sweden, 5 September: SKF USA Inc., the SKF Solution Factory in Houston, a center of excellence which specializes in the offshore industry has been certified with ‘External Specialist Recognition’ by ABS (American Bureau of Shipping) to provide Condition Monitoring services to the offshore industry.

The achievement is significant due to the ABS ranking as one of the largest certification organizations in the world for the Offshore Oil & Gas and Marine Industry. The recognition follows a practical demonstration of ‘Condition Monitoring on Thrusters’ and a comprehensive quality audit of SKF Inc. by ABS.

“The ‘Certificate of Service Recognition’ from ABS is becoming a requirement for many companies when selecting a condition monitoring supplier and obtaining it is a notable achievement,” says Dave Staples, SKF Global Service Manager for traditional energy. “It was certainly worth our time and effort to work closely with ABS, to complete the approval process which is recognized by all drilling contractors and shipping companies.”  

SKF USA Inc. is well positioned now to offer condition monitoring solutions to our customers, which will allow them to potentially defer overhauls of critical equipment such as thruster propulsion systems, saving them time and money. With this recognition, we are one step closer to fulfilling our vision of becoming a major service provider of services and solutions across the whole Oil & Gas and Marine sector.

Achieving the certification from ABS is a key aspect of SKF’s long term commitment to developing effective asset life cycle management strategies that reduce the total cost of ownership for our clients and, ultimately increase their profitability and reliable performance for their customers.


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 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: September 5, 2014, 12:00 pm

Gothenburg, Sweden, 4 September, 2014: SKF’s wheel hub bearing units contributes to powering the wheels of the newly launched second-generation Volvo XC90.  The units will be installed both for the 2-wheel drive and the all-wheel drive models.

In 2013, SKF announced its agreement with Volvo Cars to supply wheel hub bearing units for their new platform Scalable Product Architecture (SPA) and the new XC90 is the first car to be built based on SPA. With Volvo Cars new architecture the focus is on weight and stiffness, offering designers more flexibility in terms of proportion and design as well as incorporating innovative safety technology.

Franco Ferro, Director, Business unit Car Chassis, SKF Automotive says,”Following the launch of the new Volvo XC90, I am pleased to confirm that it will be equipped with SKFs high performing wheel hub bearing units. The units contribute to the strong features of this car linked to safety superior vehicle handling and driving comfort. I am sure that the XC90 will be a great success on the market. We look forward to follow its progress as a part of our strong engineering partnership with Volvo Cars.”

The XC90 is designed to maximise driving pleasure, comfort and safety. SKF’s wheel hub bearing units are optimized to meet the high performance requirements specified by Volvo Cars. The unit is fitted with a low friction seal, able to better cope with changing road and weather conditions prolonging the life of the unit. It is also designed for optimized weight to performance ratio, supporting goals to reduce the overall fuel consumption of the car.

Volvo XC90 goes into production February 2015.

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 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: September 4, 2014, 12:00 pm
The SKF Machine Tool Observer MTx allows user to log and trend data, monitor machine status via the internet, and receive alarms to flag problems

Gothenburg, Sweden, 4 September 2014: SKF has launched the SKF Machine Tool Observer MTx, which offers flexibility by enabling users to connect a range of condition monitoring sensors to one dedicated electronic system that logs all critical parameters. The device offers users a valuable tool that supports preventive maintenance and helps to avoid the ultimate cost of repairing damaged spindles.

“The SKF Machine Tool Observer MTx, helps users to avoid downtime, prevent unexpected spindle defects, log and review spindle crashes and abnormal working conditions and, ultimately, to improve performance and efficiency,” says Werner Palmetshofer, General Manager SKF Condition Monitoring Centre.  “We believe that the SKF Machine Tool Observer is the most flexible solution for data logging and spindle crash detection in the market.”

The SKF Machine Tool Observer MTx is a stand-alone on-line monitoring device that actively monitors, records and observes data on the performance of machine tool spindles, grinding machines and other systems. The device supports up to six different types of sensors, enabling users to monitor a range of conditions by allowing up to 14 components, such as temperature sensors, humidity sensors and oil streak sensors, to be connected at the same time, while triaxial or standard industrial accelerometers are used for acquiring vibration signals.

The device will help a wide range of users, including machine tool manufacturers that wish to add value to their machines, spindle repair shops that test repaired spindles and any application that will benefit from an easy-to-use, quick assessment on the machinery status.

Aktiebolaget SKF
    (publ)

For further information, please contact:
Nia Kihlström, SKF Group Communication, +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 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: September 4, 2014, 7:00 am