June 10, 2014 07:09 UTC

SKF Inaugurates SKF Campus in Jiading and North East Asia Distribution Centre

Demonstrates SKF’s continued confidence in China

GOTHENBURG, Sweden--(BUSINESS WIRE)-- SKF (STO:SKFA)(STO:SKFB)(Pink Sheets:SKFRY)(LSE:SKFB):

SKF inaugurated the SKF Campus in Jiading and SKF Northeast Asia Distribution Centre, both located in Shanghai, China. The completion of the two projects demonstrates SKF’s continued confidence in the Chinese market, as well as SKF’s commitment to create more value for customers in China by localizing product development and manufacturing and by implementing state-of-the-art logistics.

“The completion of the SKF Campus and the North East Asia Distribution Centre fully reflects our confidence in the continued on-going development of the Chinese market. As a knowledge engineering company, our core competence comes from continuous innovation, which is not only reflected in technologies and products, but also reflected in the business operation models aimed at creating more value for our customers. The SKF Campus in Jiading and SKF North East Asia Distribution Centre significantly strengthen our ability to better serve our customers in China and North East Asia,” said Tom Johnstone, SKF President and CEO.

SKF Campus in Jiading covers an area of 45,207 square meters with a total investment amount of SEK 700 million, and is constructed in compliance with LEED standards. It is located in the Automobile Parts Industrial Campus, Shanghai International Automobile City, Anting Town, Jiading District, which is known as the complete automobile support system and is adjacent to several major customers of SKF in the automobile industry and other industries. On the campus is a new automotive bearings factory, a Global Technical Centre, and SKF Solution factory and the SKF College China. The Global Technical Centre will be an integrated part of a global network of Technical Centres and will focus on developments both for global and local needs.

Ground was broken in September 2012 for the SKF North East Asia Distribution Centre. With a total investment of SEK 100 million and located in China (Shanghai) Pilot Free Trade Zone (FTZ), it integrates trade, logistics and account settlement and will cover North East Asia.

Apart from innovative methods of improving operating efficiency, SKF North East Asia Distribution Centre is a green building constructed in full accordance with LEED Gold standard. The solar power generation system can produce 815,000 kWh of electric power consumption and reduce CO2 emissions by 400 tonnes annually. In addition, water can be reduced by 2,038 m3. These achievements are an integral part of SKF’s BeyondZero commitment and fully demonstrate SKF’s commitment to environmental care.

Aktiebolaget SKF (publ)

SKF is a leading global supplier of bearings (http://www.skf.com/portal/skf/home/products?contentId=876709&lang=en), seals (http://www.skf.com/portal/skf/home/products?contentId=238358&lang=en), mechatronics (http://www.skf.com/portal/skf/home/products?contentId=447144&lang=en), lubrication systems (http://spider.skf.net/skf/portal/index.nsf/0/64532BF65D70865CC1256F95002AB178?openDocument), and services (http://www.skf.com/portal/skf_lub/home/services?contentId=867934&lang=en) which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401. www.skf.com

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™ BeyondZero is a registered trademark of the SKF Group.

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SKF
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or
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Source: SKF