SKF Wins Service Orders for over SEK 200 Million in Latin America

  SKF Wins Service Orders for over SEK 200 Million in Latin America

SKF to manage asset life cycle and total cost of ownership for customers

Business Wire

GÖTEBORG, Sweden -- June 24, 2013

SKF (STO:SKFA) (STO:SKFB) (Pink Sheets:SKFRY) (LSE:SKFB) has recently won a
number of long-term contracts to provide companies in Latin America with
services ranging from machine lubrication to condition monitoring.

“Maintenance costs are a large part of the total cost of ownership. What we
provide for these customers is SKF’s knowledge of their industry and the
application of this knowledge to improve their productivity and increase the
asset life cycle of their equipment,” says Wim Stam, Latin American Regional
Director for SKF Industrial Market, Regional Sales and Service.

One of these, a five-year contract worth SEK 115 million, will see SKF deliver
maintenance services to one of Brazil’s largest metal producers. As part of
the performance-based contract, SKF will inspect and monitor the condition of
its customers’ machines to anticipate potential issues and prevent defects
from occurring.

Another contract is a four-year lubrication service contract worth SEK 55
million in Peru, where SKF will supply lubrication tools to one of the world’s
biggest copper producers. SKF will plan, schedule, execute and manage the
lubrication of the customer’s mine equipment, including trucks, shovels and
drills; and also its concentrator plant equipment, including conveyor belts,
crushers, ball mills and flotation cells.

In Chile, SKF has signed a SEK 34 million technology contract for a major
copper producer. The project will focus on monitoring the condition of the
customer’s critical mining equipment in its concentrator and roasting plant.
SKF will provide products, specialised detailed engineering services, project
installation and supervision.

Added to this, SKF recently secured a five-year contract worth SEK 10 million
with a packaging solutions company in Ecuador. SKF’s asset management services
for the customer will include planning and improving maintenance strategy, and
performing maintenance work, including lubrication management, on an ongoing

Aktiebolaget SKF


SKF is a leading global supplier of bearings, seals, mechatronics, lubrication
systems, and services which include technical support, maintenance and
reliability services, engineering consulting and training. SKF is represented
in more than 130 countries and has around 15,000 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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