Gothenburg, 24 October 2011—

SKF today announced the opening of their latest extension to its factory in Cajamar, Brazil which will manufacture the second generation hub bearing unit (HBU2) with integrated ABS. The factory will support the Brazilian automotive market and safety regulations which require that by 2014 all cars manufactured in Brazil must have ABS systems fitted.

"It is a focus area in our strategy to localize our manufacturing and operations close to our customers. With this important factory extension we will be able to support the development in this automotive market and provide customers with fast deliveries and response time", says Tryggve Sthen, President SKF Automotive Division.

Commenting on this new investment, Donizete Santos, President of SKF Brazil said " I am very happy to have this next level of wheel bearing technology produced in Brazil. SKF's HBU2 is an excellent technical solution that offers car manufacturers and consumers a range of benefits. I am very confident that a number of manufacturers will select this solution for their next generation of vehicles."

SKF's HBU2 technology is widely applied in Europe, USA and Asia and is the latest wheel bearing technology to be produced in Brazil. In addition to improved safety from the integrated ABS, the HBU2 provides better fuel economy and less CO2 emissions due to reduced weight and reduced friction.

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