SKF opens hybrid production channel in Indonesia; secures contract with Honda

Resource from: SKF Likes:193

Apr 24,2015

Gothenburg, 22 April 2015: SKF has opened a hybrid production channel in its manufacturing facility in Jakarta, Indonesia. This production channel has been designed to be able to produce two different types of product families: single-row deep groove ball bearings and double-row angular contact ball bearings, i.e. hub bearing units. As a result of its flexible production capabilities and local presence, SKF has also secured a contract for the supply of wheel hub bearing units for the Honda Jazz model. The agreement is valid until 2017 and deliveries will commence during the second half of 2015. Stephane Le-Mounier, President, Automotive Market says, “Developing manufacturing processes and systems that increase production utilization is key to improving our efficiency and, ultimately, our profitability. I am very pleased to see that this investment is providing value for both us and our customers. I am confident that we can offer customers increased benefits from our locally produced products, customer service and technical expertise.” Aktiebolaget SKF (publ) For further information, please contact: Media Hotline: +46 31 337 2400 Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-776 576; theo.kjellberg@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 2014 were SEK 70,975 million and the number of employees was 48,593. www.skf.com ® SKF is a registered trademark of the SKF Group.

(SKF)

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