SKF secures agreement with Indonesian state-owned railway company

Resource from: SKF Likes:271

May 22,2015

SKF has signed a three-year agreement for the supply of tapered roller bearing units GÖTEBORG, Sweden--(BUSINESS WIRE)-- Regulatory News: SKF (STO:SKFB)(STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB): SKF has signed a three-year agreement with PT. Kereta Api Indonesia (Indonesian Railways), Indonesia’s state-owned railway operator, for the supply of tapered roller bearing units. The units will be produced in SKF’s factory in Nankou, China, with deliveries expected to start during the third quarter of 2015. SKF will also supply Indonesian Railways with aftermarket sealing solutions and dismounting tools. Anders Fogelberg, Managing Director, Indonesia, says, “This is a prestigious and significant contract for us to secure in a country with major on-going investments in railway infrastructure. SKF’s tapered roller bearing units and sealing solutions contribute to more reliable train operation, increased passenger comfort and, ultimately, reduced environmental impact, through reduced friction. Producing the units in China provides us with a competitive edge that meets the high standards and technical requirements of the railway industry.”

(SKF)

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