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 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...
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...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 24, 2022 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held on Thursday, 24 March 2022. Due to Covid-19, the general meeting was held without physical presence by shareholders exercising their voting rights only by...
Announcement of change in the total number of votes in AB SKF
GÖTEBORG, Sweden., Feb. 28, 2022 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 28 February, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
SKF Year-end report 2021
GÖTEBORG, Sweden, Feb. 3, 2022 /PRNewswire/ -- Q4 2021 Net sales: SEK 20,986 million (19,572) Organic growth: 4% (0%) Adjusted operating profit/margin:SEK 2,260 million, 10.8% (2,582, 13.2%) Full year 2021 Net sales: SEK 81,732 million (74,852) Adjusted operating profit/margin: SEK 10,839 mi...
SKF to present FY Results and updated strategic framework on 3 February
GOTHENBURG, Sweden, Jan. 20, 2022 /PRNewswire/ -- SKF will present its FY 2021 Results and updated strategic framework on 3 February 2022. The year-end results for 2021 will be published at approximately 8:00 (CET). Investors, analysts and media are invited to join a webcast, which will be broa...
SKF acquires additive manufacturing company
GOTHENBURG, Sweden, Jan. 11, 2022 /PRNewswire/ -- SKF has completed the acquisition of Laser Cladding Venture n.v. (LCV), an additive manufacturing company based inBelgium. LCV is a niche engineering start-up specialized in various additive manufacturing technologies and processes, which can be ...
SKF licences slop-oil recovery technology to Christof Global Impact
GOTHENBURG, Sweden, Jan. 5, 2022 /PRNewswire/ -- SKF has signed a license agreement that gives Christof Global Impact the exclusive rights to commercialise SKF's multi-feedstock slop-oil recovery technology (MFRT). The MFRT was part of SKFs acquisition of RecondOil in 2019 and is not considered ...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Oct. 29, 2021 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 29 October, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
SKF Nine-month report 2021: Industrial maintains its strong momentum; Automotive hit by customer supply constraints
GOTEBORG, Sweden, Oct. 26, 2021 /PRNewswire/ -- Rickard Gustafson, President and CEO: "The third quarter saw continued solid demand. Our Industrial business, which represents approximately 75% of sales, maintained its strong momentum, despite challenges from logistics constraints and cost infla...
SKF commits to net zero supply chain by 2050
GÖTEBORG, Sweden, Oct. 20, 2021 /PRNewswire/ -- SKF today announces its commitment to have a supply chain with net zero greenhouse gas emissions by 2050. Rickard Gustafson, President and CEO, says: "Having already made significant progress on our journey to reducing emissions from our own operat...
SKF to publish nine-months results on 26 October
GÖTEBORG, Sweden, Oct. 13, 2021 /PRNewswire/ -- SKF will publish its nine-months results for 2021 on26 October 2021 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 leas...
SKF in collaboration to speed up development of fossil-free bearing steel
GÖTEBORG, Sweden, Oct. 5, 2021 /PRNewswire/ -- SKF is supporting the development of fossil-free bearing steel through a collaboration with Luleå University of Technology's CH2ESS initiative. As part of the collaboration, SKF will participate in and fund research within hydrogen use in industrial ...
Announcement of change in the total number of votes in AB SKF
GÖTEBORG, Sweden, Sept. 30, 2021 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 30 September, the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...
