LKAB enters into agreement with SKF for data-driven maintenance

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The iron and steel industry group LKAB has entered into an agreement with SKF regarding a collaboration to develop data-driven maintenance. The five-year agreement covers all the facilities within LKAB and is intended to build up operating data and decision-support systems for optimised maintenance in order to reduce costs, energy consumption and environmental impact.

Gothenburg, Sweden, 28 August 2023: LKAB is an international mining and mineral group that offers iron ore, mineral and specialist products. Optimised maintenance, implementing the right measures at the right time, is an important element in achieving efficient production and sustainability.

SKF and LKAB have been long-term partners, and the new agreement will encompass advanced condition monitoring of around 12,000 measurement points in critical rotary mechanical equipment in all the facilities in Malmfälten. SKF’s service technicians will analyze and provide feedback on deviations, with suggested improvements.

In order to improve operational reliability and the capacity for proactive maintenance, the new agreement is strengthening the preconditions for long-term, data-driven maintenance. Operating data, reports and deviations will be continually fed back to the decision-support system in order to improve the potential for fact-based decisions and increase the precision of the decision-support for the user. As a result, the maintenance department will be able to build up knowledge about the operating conditions in the mechanical equipment, extend the time between maintenance stoppages and invest in planned replacements of individual components when necessary. The aim of this is to streamline production and, in the long term, reduce energy consumption and environmental impact.

In addition to the basic agreement, the collaboration will be extended in a number of selected facilities in order to further focus on machine improvements, follow up maintenance procedures, store management and the handling of lubricants. The improvement work will create procedures and working methods that can be reused in other facilities to improve operational reliability.

In order to further strengthen the skills of maintenance personnel, the collaboration also covers SKF’s certified training within warehousing and operational reliability.

LKAB is leading the transformation of the iron and steel industry, and the plan is to develop carbon dioxide-free processes and products by 2045. Since 1890, the company has developed through unique innovations and technical solutions and is being driven forward by more than 4,500 employees in 12 countries. The LKAB Group achieved sales of approximately SEK 47 billion in 2022.

Aktiebolaget SKF
      (publ)

For further information, please contact:

Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 20 18 93; carl.bjernstam@skf.com 

SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. By making products lighter, more efficient, longer lasting, and repairable, we help our customers improve their rotating equipment performance and reduce their environmental impact. Our offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services. Founded in 1907, SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2022 were SEK 96,933 million and the number of employees was 42,641. www.skf.com

® SKF is a registered trademark of the SKF Group.

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