SKF secures SEK 1.2 billion long-term agreement for Kaydon bearings for North American and Brazilian wind industries
Resource from: SKF Group Likes:136
May 26,2014
Gothenburg, Sweden, 23 May, 2014: SKF announced it has secured a long-term agreement (LTA) for around SEK 1.2 billion for Kaydon slewing ring bearings from a major wind turbine manufacturer providing solutions to the North American and Brazilian wind segments.
Tom Johnstone, SKF President and CEO stated, “We are delighted to sign this agreement. It reinforces SKF’s commitment to support developing industries, such as renewable energy, and key customers’ strategies as they expand their businesses globally.” He added, “This is also a great example of the sales synergies that SKF expected to achieve with the Kaydon acquisition.”
SKF acquired Kaydon Corporation in end of 2013. Kaydon is a diversified industrial manufacturer within three areas: friction control products (bearings), velocity control products and specialty products, including environmental services. Kaydon’s product offering is highly complementary with SKF's product portfolio within the wind segment and has enabled SKF to expand its offering to its customers worldwide.
“Although we initiated the negotiations for this LTA before we were acquired by SKF, the expansion of our global footprint in combination with SKF was a key factor in being awarded this contract. Our complete solution offering can help make wind energy more efficient and cost-effective by increasing reliability, reducing required maintenance, and extending operational life.” said Stephen Curtis, Director, Renewable Energy Business for Kaydon Bearings.
Aktiebolaget SKF
(publ)
For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Rebecca Janzon, +46 31-337 3880; +46 727-173 880; rebecca.janzon@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-181 994; marita.bjork@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 15,000 distributor locations worldwide. Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com
® SKF is a registered trademarks of the SKF Group.
(SKF Group)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous Schaeffler UK named as a key technology partner on Ford's ACTIVE project
Next Boulder Wind Power Introduces New DC Generation System
Next Boulder Wind Power Introduces New DC Generation System
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
