SKF expands in new business. Sells logistic systems to Evox Rifa Group

SKF expands in new business Sells logistic systems to Evox Rifa Group The SKF Group's unit Logistics Services has signed an agreement with the Finnish Evox Rifa Group to take over the responsibility for handling their logistics operations in Europe as well as their sea and air freight traffic between Europe and Asia. SKF has developed efficient logistic systems to ensure the reliable supply of its products to customers all over the world. These systems will now be used to distribute Evox Rifa capacitors and other components to the electronics industry. The Evox Rifa Group has manufacturing sites in Kalmar and Gränna in Sweden, Suomussalmi in Finland and Batam in Indonesia. The agreement is initially for two years. - The SKF Group has a powerful asset in its logistics competence and we operate central distribution hubs in Europe, North America and Asia. We are now actively marketing this asset to third party customers. So far we have closed a few deals and this business will be developed further, says Phil Knights, President, SKF Service Division. Göteborg, November 13, 2000 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-(0)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 BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/13/20001113BIT00350/bit0001.doc http://www.bit.se/bitonline/2000/11/13/20001113BIT00350/bit0002.pdf