Stockholm:SKFB

Gerdau and SKF in Agreement to Improve Productivity at Brazilian Steel Mills

GOTHENBURG, Sweden, Dec. 6, 2019 /PRNewswire/ -- Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and Araçariguama steel mills inBrazil. The agreement will see SKF provide a full range of products, including...

2019-12-06 16:09 1646

SKF Acquires Software Development Start-up

GOTHENBURG, Sweden, Nov. 11, 2019 /PRNewswire/ -- SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up company. FAS has developed GoPlant, a mobile-based asset inspection and data collection solution used in industrial applications. The t...

2019-11-11 21:41 2973

SKF Issues its First Green Bond

GÖTEBORG, Sweden, Nov. 8, 2019 /PRNewswire/ -- SKF has, as one of the first industrial companies, issued a green bond. The bond will raiseEUR 300 million to fund eligible green projects in accordance with SKF's recently launched Green Finance Framework. SKF's green bond has received much attenti...

2019-11-08 15:51 4917

SKF Completes EUR 255m Buy-back of Bonds Maturing 2020 and 2022, Updates Financial Net

GOTHENBURG, Sweden, Nov. 7, 2019 /PRNewswire/ -- SKF has completed the buy-back ofEUR 51 million and EUR 204 million of outstanding bonds maturing in 2020 and 2022 respectively. Financial net for Q4 2019 is now expected to be approximately SEK -360 million , compared to the Group's previous guida...

2019-11-07 16:13 5229

BillerudKorsnäs and SKF Partner to Improve Performance of Karlsborg Mill

GOTHENBURG, Sweden, Nov. 4, 2019 /PRNewswire/ -- BillerudKorsnäs and SKF are partnering to reduce maintenance costs and improve production output and sustainability performance at Karlsborg Mill in Kalix,Sweden. Real-time data from a new system with 480 connected condition monitoring points at ...

2019-11-04 16:13 2542

SKF Completes Acquisition of Presenso

GOTHENBURG, Sweden, Oct. 31, 2019 /PRNewswire/ -- SKF has completed the previously announced acquisition of Presenso Ltd. Presenso is a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. Presenso's AI capability enables production plants to find...

2019-10-31 23:49 6195

Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG, Sweden, Oct. 31, 2019 /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 31 October the Company's share capital amounts to SEK 1,138,377,670 and the total number of sh...

2019-10-31 19:30 3602

SKF Nine-month Report 2019

GOTHENBURG, Sweden, Oct. 22, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "SKF has managed the business well in a weakening economic environment and our efforts to reduce costs are contributing to a strong and stable operating margin in the quarter with an underlying margin of 11.3%....

2019-10-22 19:38 7297

SKF to Publish Nine-months Results on 22 October

GOTHENBURG, Sweden, Oct. 9, 2019 /PRNewswire/ -- SKF will publish its nine-months results for 2019 on22 October 2019 at approximately 13:00 (CET). Investors, analysts and media are invited to join a conference call, which will be held in English, at 14:00 (CET). To join the conference call, ple...

2019-10-09 18:38 6059

SKF Acquires Industrial AI Company

GOTHENBURG, Sweden, Oct. 8, 2019 /PRNewswire/ -- SKF has signed an agreement to acquire Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software. Presenso's AI capability enables production plants to find and act on anomalies that were ...

2019-10-08 01:42 11736

Nancy Gougarty Resigns From the Board of AB SKF

GOTHENBURG, Sweden, Oct. 8, 2019 /PRNewswire/ -- Nancy Gougarty has decided to leave the Board of AB SKF for personal reasons as a result of having been the subject of the U.S. Securities and Exchange Commission proceedings concerning violations of the U.S. Foreign Corrupt Practices Act, unrelate...

2019-10-08 00:56 6068

Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG, Sweden, Sept. 30, 2019 /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...

2019-09-30 19:19 7456

Nordic Paper and SKF Sign Agreement Aimed at Increasing Productivity

GOTHENBURG, Sweden, Sept. 23, 2019 /PRNewswire/ -- SKF and Nordic Paper have signed a five-year fee- and performance-based contract. The agreement aims to improve Nordic Paper's productivity, health and safety and sustainability performance. Nordic Paper is a pulp and paper manufacturer with ope...

2019-09-23 14:29 3894

Nomination Committee of AB SKF for the Annual General Meeting 2020

GOTHENBURG, Sweden, Sept. 16, 2019 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on 28 March 2019, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute ...

2019-09-16 14:25 3894

SKF Half-year Report 2019

GOTHENBURG, Sweden, July 17, 2019 /PRNewswire/ -- Alrik Danielson, President and CEO: "Our efforts to keep costs under control are showing results, in a market with lower demand. Operating profit for the second quarter wasSEK 2,539 million , including costs for restructuring and impairments of 31...

2019-07-17 14:39 12253

Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG, Sweden, June 28, 2019 /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 June the Company's share capital amounts to SEK 1,138,377,670 and the total number of share...

2019-06-28 15:33 14885

SKF to Publish Half-year Results on 17 July

GOTEBORG, Sweden, June 27, 2019 /PRNewswire/ -- SKF will publish its half-year results for 2019 on17 July 2019 at approximately 8:00 (CET). Investors, analysts and media are invited to join a conference call, which will be held in English, at 9:00 (CET). To join the conference call, please dial...

2019-06-27 16:53 7018

SKF Acquires Cleantech Start-up Company

GOTHENBURG, Sweden, June 20, 2019 /PRNewswire/ -- SKF has acquired RecondOil Sweden AB, a Swedish cleantech start-up that has developed a chemical filtration and rejuvenation process for industrial lubrication fluid and slop oil. RecondOil's turnover in 2017 was SEK 10 million and the acquisitio...

2019-06-20 17:44 14615

SKF Invests SEK 450 Million in Deep Groove Ball Bearing Manufacturing

Staff reductions connected to automation investments in Bari will result in restructuring costs of approximatelySEK 140 million in the second quarter of 2019 GOTEBORG, Sweden, June 19, 2019 /PRNewswire/ -- SKF is investing approximately SEK 450 million in improving the competitiveness of its deep...

2019-06-19 14:23 6238

Announcement of Change in the Total Number of Votes in AB SKF

GOTHENBURG, Sweden, May 29, 2019 /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 May the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares ...

2019-05-29 20:25 10407
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