SKF expands its business with Chinese trailer parts manufacturer Fuwa
In addition to a contract for seals awarded end of 2008, SKF has won a new contract for the supply of tapered roller bearings to Fuwa. The contract is valid for 3 years and is worth up to 4.5 million USD per year.
Fuwa supplies trailer axles to both Chinese and international manufacturers. As Fuwa’s export business has grown, the interest for higher performance bearings has increased. These tapered roller bearings will be used for trailer axles for export to markets with higher performance demands.
Mr Zhiqiang Wu, Chairman, Fuwa, says: “SKF can truly support us on a global basis for our new product development such as steer axles. Fuwa feels to be in very good hands in cooperating with SKF developing our global expansion.”
Tryggve Sthen, President, SKF Automotive Division, says: “I am very pleased that SKF is being awarded yet another contract from Fuwa. By combining our expertise in bearings and sealing solutions as a knowledge engineering company, we provide the necessary means to support our customers in their business.”
Guangdong Fuwa Engineering Manufacturing Co Ltd is the largest trailer axle manufacturer in the world, headquartered in Shunde city, Guangdong Province, China.
Göteborg, 31 March 2009
Aktiebolaget SKF
(publ)
AB SKF may be required to disclose the information provided herein according to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 11.00 am on 31 March 2009.
For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile:
+46 706-973260, e-mail: ingalill.ostman@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46 705-181994,
e-mail: marita.bjork@skf.com
SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group’s service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. The Group’s annual sales 2008 were SEK 63,361 million. The number of employees was 44,799.
