SKF awarded significant contract from Volvo Car Corporation

  SKF awarded significant contract from Volvo Car Corporation

SKF to deliver wheel hub bearing units for Volvo’s next generation of premium

Business Wire

GOTHENBURG, Sweden -- June 13, 2013

SKF has been awarded a contract to supply their next generation wheel hub
bearing units (HBU3) to Volvo Car Corporation. SKF will supply the HBU3
specifically developed according to Volvo’s demanding technical specification
for their scalable product architecture (SPA).

“We are delighted to have been awarded the largest contract ever received by
SKF from Volvo Car Corporation. It is also one of the most significant orders
received from our automotive customers. Working in close cooperation, we used
our technical knowledge and expertise to meet their very challenging
requirements for a high performance design that meets their weight reduction
goals. The robust technical solution that we have developed will be supplied
to Volvo Car Corporation utilizing our global manufacturing footprint”, says
Tryggve Sthen, President, SKF Automotive.

With SPA, Volvo Car Corporation is focusing on a lightweight automotive design
with a goal to reduce the vehicle weight significantly, without negative
impact on performance or comfort. The HBU3, optimized for reduced weight,
includes high performance seals with reduced friction. This solution is robust
and withstands more strain for increased reliability and prolonged life.

SKF offers a complete portfolio of products and services to the automotive
industry that help reduce CO2 emissions, including the next generation of
low-friction, lightweight solutions to reduce emissions, increase fuel
efficiency and compete in a rapidly changing market.

Aktiebolaget SKF (publ)

SKF is a leading global supplier of
lubrication systems(, and
which include technical support, maintenance and reliability services,
engineering consulting and training. SKF is represented in more than 130
countries and has around15,000 distributor locations worldwide. Annual sales
in 2012 were SEK 64,575 million and the number of employees was 46,775.

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

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