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SKF Life Cycle Management facilitates growth for customers in the marine industry

  SKF Life Cycle Management facilitates growth for customers in the marine
  industry

Business Wire

GÖTEBORG, Sweden -- June 25, 2013

SKF secured more than SEK 30 million in new orders from the marine
sector(http://www.skf.com/group/industry-solutions/marine/index.html). The
orders demonstrate the complete spectrum of services within SKF’s life cycle
management
approach(http://www.skf.com/group/industry-solutions/marine/ship-life-cycle/index.html).
The range of components that SKF manufactures for customers in the marine
industry is diverse, drawing on knowledge across all five of its platforms –
bearings, seals, lubrication systems, mechatronics, and services.

Vartan Vartanian, President, SKF Industrial Market, Regional Sales and
Service, commented, “Our reputation as a reliable knowledge partner in the
marine industry is growing stronger and stronger. We are now in a position
where we can deliver value for our marine customers at every stage in the life
cycle of their machinery from specification to design and development;
manufacture and test; installation and commissioning; operation and
monitoring; and maintenance and repair. We are building on our strengths to
win more business opportunities and to deliver more services direct to end
users in the industry.”

One of the orders that SKF has just won is for bearings, together with a
lubrication solution, for a specialist marine engineering company. At the
specification and design stages of the asset life cycle, SKF is now providing
a custom-designed slewing bearing to a customer in Singapore, which will
substantially increase the mean time between bearing failures.

Once the machinery is up and running, SKF provides solutions to minimise
downtime and maximise productivity. It achieves this in part by supplying
condition monitoring products and services and has recently secured several
orders for these solutions in the marine industry.

In addition to products and solutions, SKF also provides training programs. It
has just won an order to provide a structured training programme to a major
Portuguese shipyard in order to develop its maintenance staff’s expertise in
bearing technology.

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:

SKF
MEDIA HOTLINE: 46 31337 2400
or
PRESS: Rebecca Janzon, Director, Press Relations
tel: 46 31337 3880
mobile: 46 727-173880
e-mail: rebecca.janzon@skf.com
or
INVESTOR RELATIONS: Marita Björk, Head of Investor Relations
tel: 46 31-337 1994
mobile: 46 705-181994
e-mail: marita.bjork@skf.com