(Gothenburg, 07 February 2012)

SKF today announced they have signed a three-year contract with Scania worth around SEK 150 million. The contract involves the delivery of SKF bearings for truck wheel end units and transmissions to Scania production facilities in Brazil.

"Brazil is a fast developing and very important market for SKF. We have invested heavily in our business to support our customers and only last year extended our factory in Cajamar to manufacture hub bearing units for cars," says Tom Johnstone, SKF President and CEO. "This very important contract with Scania means that we will now further invest in Brazil for the manufacturing of bearings for the truck industry, improving our ability to support our customers with local manufacturing."

Initial delivery of the components will be from Europe, but beginning later in 2012, SKF will manufacture them locally in their factory located in Cajamar, Brazil.

Other News:
SKF Signs SEK 150 Million Contract with Scania
NSK Achieves 40% Cost Reduction for Welding Gun Manufacturer
Gerhard Schubert and Bosch Rexroth Sign Agreement for Packaging Machines
Atlanta Drive Expands Rack and Pinion Systems
Igus Redesigns E6 Energy Chain
SKF China Creates Practice Opportunities for Students
BSA Releases New Bearing Brief on Proper Handling
SKF Seal Machine Range Upgraded for Speedier Sealing Solutions