SKF completes acquisition of Tenute Srl
GOTHENBURG, Sweden, Nov. 9, 2022 /PRNewswire/ -- SKF has completed the previously announced acquisition of Tenute Srl. Tenute develops and manufactures sealing solutions for various industrial applications and has approximately 50 employees. Tenute Srl will be integrated into SKF's existing Seal...
SKF and NIO expand strategic cooperation
GOTHENBURG, Sweden, Oct. 27, 2022 /PRNewswire/ -- SKF and NIO, a leading premium smart electric vehicle manufacturer have strengthened their strategic cooperation. As part of the agreement, SKF will be a preferred supplier of ceramic ball bearings and provide wide-ranging technical expertise to s...
SKF Nine-month report 2022: Strong organic sales growth; severe cost inflation impacting results
GÖTEBORG, Sweden, Oct. 25, 2022 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Review of the third quarter During the third quarter, we delivered strong organic sales growth of 11%, a clear indication that we are relevant for our customers. Our business inIndia and the Americas delivere...
SKF to publish nine-months results on 25 October
GOTHENBURG, Sweden, Oct. 13, 2022 /PRNewswire/ -- SKF will publish its nine-months results for 2022 on25 October 2022 at approximately 08:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CET). To join the webcast, please login at lea...
SKF magnetic bearings enable more sustainable production of compressed air
GOTHENBURG, Sweden, Oct. 10, 2022 /PRNewswire/ -- SKF's magnetic bearings, which can rotate at up to 50,000 rpm are now playing a key role in reducing CO2 emissions across a range of industrial applications, including compressors. SKF's magnetic bearing technology has been selected by Finnish cle...
SKF announces changes to Group Management
GOTHENBURG, Sweden, Sept. 16, 2022 /PRNewswire/ -- SKF announces the appointment ofHenry Wang as President, China and Northeast Asia. Henry is currently President of Alstom's operations in China and was previously CEO of KUKA inChina. From 1997-2019, Henry held a number of roles in SKF, includin...
Nomination committee of AB SKF for the Annual General Meeting 2023
GOTHENBURG, Sweden, Sept. 13, 2022 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, Hans Stråberg, constitute th...
SKF's Capital Markets Day to be held on 8 December 2022
GOTHENBURG, Sweden, Sept. 8, 2022 /PRNewswire/ -- SKF's Capital Markets Day (CMD) will be held on8 December 2022 from 11:00-16:00 at the Science Museum in London. During the day, investors, analysts, and financial media will be updated on SKF's strategic progress as well as the Group's financial ...
SKF issues its second Green Bond; raises EUR 400 million to finance green investments
GOTHENBURG, Sweden, Sept. 8, 2022 /PRNewswire/ -- SKF has issued its second Green Bond, which will raiseEUR 400 million to fund eligible green projects in accordance with the Group's Green Finance Framework. The Bond further connects SKF's business strategy and funding approach to the Group's sus...
SKF and Ovako reach milestone in journey towards net zero bearing production
GOTHENBURG, Sweden, Sept. 8, 2022 /PRNewswire/ -- A significant milestone has been reached in SKF's journey towards a net-zero value chain. Together with Swedish steel producer Ovako, SKF has produced a Spherical Roller Bearing (SRB) with 90% less emissions than its standard SRB bearing. The bea...
SKF announces changes to Group Management
GOTHENBURG, Sweden, Aug. 24, 2022 /PRNewswire/ -- SKF announces the appointment of Annika Ölme as CTO and Senior Vice President, Technology Development. Annika joins SKF from SAAB Radar Solutions, where she is CTO and Head of Engineering. Annika has also been Managing Director of Arcam, a subsidi...
SKF AND QUAKER HOUGHTON ENTER COLLABORATION TO DELIVER CIRCULAR USE OF OIL
SKF and Quaker Houghton (NYSE: KWR), the global leader in industrial process fluids, have entered into a new collaboration to offer industrial customers a fully circular use of industrial oil. GOTHENBURG, Sweden, July 21, 2022 /PRNewswire/ -- SKF has entered into a collaboration that will combin...
SKF Half-year report 2022: Solid growth and increasing price realization helping to mitigate high cost inflation
GOTHENBURG, Sweden, July 20, 2022 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Review of the second quarter In the second quarter we saw organic revenue growth above 5%, driven by a general strong demand in most regions, especially within targeted high-growth segments, a somewhat hig...
SKF announces changes to Group Management
GOTHENBURG, Sweden, July 20, 2022 /PRNewswire/ -- SKF announces the following changes to Group Management: Patrick Tong, President, China and Northeast Asia, is retiring from SKF. Patrick joined SKF in 1989 and he will remain in his role during the third quarter, to ensure a handover to his succ...
SKF Half-year report to be published on 20 July
GOTHENBURG, Sweden, July 11, 2022 /PRNewswire/ -- SKF will publish its Half-year results for 2022 on 20 July at approximately 08:00 (CEST). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST). To join the webcast, please login at least 10 m...
SKF and ABB increase collaboration on industrial automation
Memorandum of Understanding signed to facilitate possible future strategic collaborations and new business opportunities. GOTHENBURG, Sweden, July 7, 2022 /PRNewswire/ -- SKF and ABB have entered into a Memorandum of Understanding (MoU) to explore the possibilities for a collaboration in the aut...
Filtration system boosts oil lifetime
HELSINKI, April 28, 2022 /PRNewswire/ -- SKF's oil filtration system, which removes nano-sized impurities, is now available in compact form - helping a wider range of users to reap the benefits of cleaner oil Gothenburg, Sweden, 28 April 2022: SKF RecondOil's technology, which removes even the s...
SKF and Amazon Web Services collaborate to reinvent machine reliability industrial solutions
As asset reliability collaborators within the industrial segment, SKF and AWS are taking scalability of condition monitoring and data analysis to a new level as well as collaborating on the next generation of SKF's condition monitoring technologies. GOTHENBURG, Sweden, April 26, 2022 /PRNewswire...
SKF's first quarter results to be published on 26 April
GOTHENBURG, Sweden, April 13, 2022 /PRNewswire/ -- SKF will publish its first quarter results for 2022 on26 April 2022 at approximately 08:00 (CEST). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST). To join the webcast, please login at ...
SKF announces changes to Group Management
GÖTEBORG, Sweden, March 29, 2022 /PRNewswire/ -- Victoria van Camp, CTO and Senior Vice President, SKF Technology Development will leave SKF to continue her career outside SKF. She will leave Group Management today but will remain in an advisory role during a brief transition period. Rickard Gus...
