SKF extends global agreement with Valmet

SKF’s long-term collaboration with Valmet continues, through the supply of bearings and lubrication system solutions Gothenburg, 18 March 2016: SKF has signed an agreement that extends its long-term collaboration with Valmet. SKF will supply bearings, units and lubrication systems to Valmet, the global supplier of technologies, automation and services for the pulp, paper and energy industries. Erik Nelander, President, Industrial Sales, Europe and MEA, says: “We have been working with Valmet for over 60 years. Our commitment to adopting a design-to-cost approach in our product development also supports Valmet in maximising the efficiency of their own investments in technology development. Our manufacturing and R&D presence across Finland, Sweden and China provides the local knowledge and short lead-times that Valmet requires. By combining our expertise around the rotating shaft, end-users are able to maximise usage of their machinery.” SKF’s tailored bearing and units solutions have been developed with a focus on reducing design and manufacturing costs for Valmet and decreasing operating costs for machine owners and operators. SKF’s patented Flowline circulating oil systems provide accurate lubrication, whilst at the same time reducing the amount of circulating oil needed, reducing costs and environmental impact. Aktiebolaget SKF (publ) For further information, please contact: PRESS: Theo Kjellberg, Director, Press Relations tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com 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 17,000 distributor locations worldwide. Annual sales in 2015 were SEK 75 997 million and the number of employees was 46 635. www.skf.com ® SKF is a registered trademark of the SKF Group.