Fiat names SKF best quality supplier with Fiat Qualitas Award
Gothenburg, Sweden, 21 November, 2013: SKF received the prestigious Fiat Qualitas Award as the best quality supplier. The Fiat Qualitas Award is given to Fiat’s best suppliers and recognizes companies for their outstanding contribution to improved vehicle value.
Tryggve Sthen, President SKF Automotive says, “This is a highly prestigious award. It is truly inspiring and proves that we deliver the right value. Our cooperation goes back over 100 years and is based on trust and shared experiences. In addition to this award, another proof of our strong partnership is the recent agreement to supply products for Fiats new X-UV platform.”
SKF was recently nominated to supply the SKF wheel hub bearing units (HBU) for the front and rear wheels for four different models of Fiat and Jeep on the new X-UV platform. The agreements combined are expected to amount to approximately SEK 1 billion.
With the quality award and business agreements, Fiat recognizes SKF’s expertise to develop solutions with the optimized performance and quality needed for each vehicle model. Another appreciated key factor is SKF’s local presence and support in both engineering and manufacturing with a strong global footprint. These characteristics are the basis for this cooperation’s continued growth and to develop both innovative and energy efficient solutions.
Production of the HBUs will start end of 2014 from SKF’s factory in Airasca, Italy, and in 2016 extended to also include SKF’s factory in Cajamar, Brazil.
Aktiebolaget SKF
(publ)
For further information, please contact:
MEDIA HOTLINE: 46 31 337 2400
PRESS: Rebecca Janzon, Director, Press Relations
tel: 46 31 337 3880, mobile: 46 727-173880, e-mail: rebecca.janzon@skf.com
INVESTOR RELATIONS: Marita Björk, Head of Investor Relations
tel: 46 31-337 1994, mobile: 46 705-181994, e-mail: marita.bjork@skf.com
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com
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