SKF is an official partner in the Swedish pavilion at the World Expo 2010 that opened 1 May in Shanghai. The theme of the World Expo is "Better City, Better Life" and SKF is represented in the pavilion’s permanent exhibition by the new energy efficient bearings and an innovative solution for bearing arrangement in wind mills.
- The World Expo theme suits SKF very well since sustainability is an area we have worked on for several years. When it comes specifically to the environment our focus is on minimizing the impact our company has on the environment in doing our business and on developing products and solutions which help our customers reduce their energy consumption. The World Expo is a great opportunity for us to meet many of our local and international customers and to show many of the new products and solutions we have developed, says Tom Johnstone, SKF President and CEO.
Customers will see a special exhibit in the conference area of the pavilion, one of them demonstrating the SKF WindCon system for continuous condition monitoring of wind mill turbines. The wind power industry in China is growing very fast and SKF supplies the leading manufacturers with bearings, seal, lubrication systems and condition monitoring solutions.
China is a rapidly growing and very important market for SKF and during the last three years SKF has significantly increased its investments in the country. SKF has opened three new factories the largest of which is in Dalian, an investment of SEK 1.1 billion and which will have 600 employees when completed. SKF has also opened a wind industry service centre and two SKF Solution Factories in the country.
- We have a long history in China. Our sales subsidiary opened already in 1916 and our first factory started in 1994. Today China is our third largest market and we have more than 4000 employees. SKF has made a number of investments in recent years to support our growth in this important market and we firmly intend to continue the strong development of our business in China, says Tom Johnstone. Gothenburg, 10 May 2010
Aktiebolaget SKF (publ)
AB SKF may be required to disclose the information provided herein according to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.00 pm CEST on 10 May 2010.
SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group’s service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. The Group’s annual sales 2009 were SEK 56,227 million. The number of employees was 41,172. www.skf.com.
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