SKF signs a logistics agreement with AvestaPolarit Welding

SKF signs a logistics agreement with AvestaPolarit Welding SKF Logistics Services has signed yet another logistics agreement. This time with AvestaPolarit Welding for the management of the company's central stock-keeping and goods flow in Europe. SKF Logistics Services has a global, time-phased delivery network that ensures an excellent delivery service for customers all over the world. This logistics expertise is a considerable asset offered to both SKF's internal customers and a growing number of external customers. AvestaPolarit Welding manufactures welding material for stainless steel, and is part of the AvestaPolarit Group, one of the world's leading manufacturers of stainless steel. AvestaPolarit Welding today has a production plant and warehouse in Avesta, Sweden and national warehouses in a number of European countries. "By stocking parts of our production in SKF's central European warehouse in Belgium and using its daily delivery system, AvestaPolarit Welding will be able to alter its Supply Chain process, and this will ensure we meet our customers' requirements for fast, reliable and cost-effective deliveries", says Jacob Sandberg, President, AvestaPolarit Welding. The agreement is initially for two years, but both SKF and AvestaPolarit Welding are aiming for long-term cooperation. Göteborg, November 13, 2001 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46- 31-3371541, e-mail: Lars.G.Malmer@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel +46-31-3371000, fax +46-31-3372832, www.skf.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/13/20011113BIT00210/bit0001.doc http://www.waymaker.net/bitonline/2001/11/13/20011113BIT00210/bit0001.pdf

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