SKF inaugurates Global Technical Centre in Bengaluru, India

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SKF today inaugurated its Global Technical Centre in Bengaluru, India (GTCI). The opening of GTCI further reinforces SKF’s strategy both to bring technology development closer to its customers and to utilise fully its global footprint and resources to develop product innovations across its five technology platforms – bearings, seals, mechatronics, lubrication systems and services.

"IndiaandSE Asiaare very important markets for SKF. The opening of this centre further reinforces our commitment to support our customers in these fast developing markets by bringing our core research and development close to them. This will enable us to develop new products to support their unique requirements,” says Tom Johnstone, SKF President and CEO. He further comments, “The addition of this centre strengthens our focus on developing new products and solutions built on our long standing commitment to world leading research and innovation. One of our driving forces is to develop and deliver new products and solutions which offer significant energy and carbon savings to our customers.”

The opening of GTCI is part of SKF’s technology strategy to develop a global product development and engineering organization. The newGlobalTechnicalCenterwill incorporate the existingGlobalTestingCenter, opened in 2009 and the Automotive Development Centre, opened in 2004, both of which are located in Bengaluru. In 2010, SKF opened aGlobalTechnicalCenterinChina.

Alan Begg, SKF Senior Vice President Group Technology and Development explains, “As the knowledge engineering company, SKF’s strategy is to provide advanced solutions for our customers based on our knowledge of components, assemblies and systems. Having our development close to our customers enables us to be faster and more efficient in supporting their needs.” He further adds, “GTCI is part of our global network of research and development centres in Europe, North America andAsia, all working to SKF’s global design standards.”

SKF invested around SEK 75 million in GTCI. It will employ approximately 400 engineers in the areas of product engineering and development, as well as laboratories for testing metallurgy, chemistry and bearing performance analysis. GTCI will have a strong focus on serving customers inIndiaandSouth East Asia, as well as global projects for SKF.

Gothenburg, 14 December, 2011

Aktiebolaget SKF
(publ)

For further information, please contact:

PRESS: Rebecca Janzon, Global Press Manager, tel: +46 31 337 2400, 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 15,000 distributor locations worldwide. Annual sales in 2010 were SEK 61,029 million and the number of employees was 44,742. www.skf.com

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