(Gothenburg, 23 September 2010)

SKF President and CEO Tom Johnstone announced today that SKF has documented over USD two billion saved by its customers as a result of using SKF solutions. This data was collected over a 10-year period with the close cooperation of customers and the use of a patented SKF program, SKF Documented Solutions Program.

SKF is able to combine its vast industry knowledge, products and services to provide solutions that deliver value to our customers. This value can be measured and agreed to by our customers. For the past 10 years we have done just that says Vartan Vartanian, SKF Service Division President.

Based on experience from working with 19,000 cases around the world, SKF first developed the SKF Documented Solutions Program to help its customers predict the annual net cost savings they could realize by using SKF products and services. Because of the large quantity of data that has been collected, SKF is in a unique position to be able to quickly and accurately project and then measure the total cost of ownership on specific initiatives.

Total cost reductions are shown in areas such as reducing energy, lubrication, inventory, warranty costs, manpower, machine life, reliability, output and quality.

Other News:
SKF Reaches USD Two Billion in Customer Savings
SKF to Make Fresh Investments of Rs 120cr; Stk Rises
Tristar Rulon LR Provides Mechanism for Boeing Aircraft
Anderson County Council to Discuss Timken, Animal Shelter Rules
Bearing Supports Shaft on Fork-lift Attachments
New THK Online Store-THK America is Proud to be Launching its New Ecommerce Website
Is Applied Industrial Trade Over?
NRB Bearings and PTC Announce Winners of First Tech Challenge