SKF AND QUAKER HOUGHTON ENTER COLLABORATION TO DELIVER CIRCULAR USE OF OIL
SKF and Quaker Houghton (NYSE: KWR), the global leader in industrial process fluids, have entered into a new collaboration to offer industrial customers a fully circular use of industrial oil.
Gothenburg, Sweden 21 July 2022: SKF has entered into a collaboration that will combine Quaker Houghton’s industrial oils and application expertise with SKF RecondOil’s Double Separation Technology (DST) to enable the industry to more efficiently utilize its resources by reducing the unsustainable linear of use of oil. The circular use of oil will also help reduce the industry’s environmental footprint through a reduction in CO2 emissions, lessen the amount of neat cutting oil purchased, and reduce handling and disposal costs whilst providing significant performance improvements.
The tailored solutions will be offered under fee- or performance-based contracts, helping provide Quaker Houghton and SKF customers with future-oriented offers and facilitate their transition into a circular economy.
Thomas Fröst, President, Independent and Emerging Businesses, says: “Optimized service structures and new business models in factories – seen as eco-systems – will play a central role for all companies. Our collaboration will make reduction of CO2 a reality for the industry, with improved smart factory services, improved process stability, reduced throughput and cycle time resulting in a significant cost reduction.”
Joe Berquist, EVP, Chief Strategy Officer and Managing Director – Global Specialty Businesses for Quaker Houghton, says: ”SKF is a valued partner for Quaker Houghton and shares a common motivation for providing differentiated solutions and services to enable our customers to improve their businesses. This collaboration builds on our combined global expertise, shared goal to improve the customer experience, and intent to bring data-based Industry 4.0 offerings and more sustainable solutions to market.”
The offerings will be introduced gradually throughout Europe, with a long-term aim to offer circular use of oil worldwide.
Sian How, Manager Group PR
M: +44 (0) 7545903710 sian.how@skf.com
SKF’s mission is to be the undisputed leader in the bearing business. We do this by offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. Our products and services around the rotating shaft, include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2021 were SEK 81 732 million and the number of employees was 42,602. www.skf.com
Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With approximately 4,700 employees, including chemists, engineers and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. Visit quakerhoughton.com to learn more.
® SKF is a registered trademark of the SKF Group.
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