SKF awarded significant contract from Volvo Car Corporation SKF to deliver wheel hub bearing units for Volvo’s next generation of premium vehicles 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 bearings(http://www.skf.com/portal/skf/home/products?contentId=876709&lang=en), seals(http://www.skf.com/portal/skf/home/products?contentId=238358&lang=en), mechatronics(http://www.skf.com/portal/skf/home/products?contentId=447144&lang=en), lubrication systems(http://www.skf.com/portal/skf_lub?lang=en), and services(http://www.skf.com/portal/skf_lub/home/services?contentId=867934&lang=en) 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. www.skf.com ® SKF is a registered trademark of the SKF Group. ™ BeyondZero is a trademark of the SKF Group. This information was brought to you by Cision http://news.cision.com Contact: MEDIA HOTLINE: 46 31337 2400 or PRESS: Rebecca Janzon, Director, Press Relations tel: 46 31337 3880 mobile: 46 727-173880 e-mail: firstname.lastname@example.org or INVESTOR RELATIONS: Marita Björk, Head of Investor Relations tel: 46 31-337 1994 mobile: 46 705-181994 e-mail: email@example.com
SKF awarded significant contract from Volvo Car Corporation
Press spacebar to pause and continue. Press esc to stop.