News from skf A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle.

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Dec 06, 2019, 02:50 ET Gerdau and SKF in Agreement to Improve Productivity at Brazilian Steel Mills

Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and...


Nov 26, 2019, 08:14 ET SKF Consolidates Slewing Bearing Footprint, Closes Factory in Kalos, Mexico

SKF's slewing bearing manufacturing footprint in North America is being consolidated. As a result, the Group's factory in Kalos, Mexico, will be...


Nov 11, 2019, 08:10 ET SKF Acquires Software Development Start-up

SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up company. FAS has developed GoPlant, a...


Nov 08, 2019, 02:45 ET SKF Issues its First Green Bond

SKF has, as one of the first industrial companies, issued a green bond. The bond will raise EUR 300 million to fund eligible green projects in...


Nov 07, 2019, 02:55 ET SKF Completes EUR 255m Buy-back of Bonds Maturing 2020 and 2022, Updates Financial Net

SKF has completed the buy-back of EUR 51 million and EUR 204 million of outstanding bonds maturing in 2020 and 2022 respectively. Financial net for...


Nov 04, 2019, 02:54 ET BillerudKorsnäs and SKF Partner to Improve Performance of Karlsborg Mill

BillerudKorsnäs and SKF are partnering to reduce maintenance costs and improve production output and sustainability performance at Karlsborg Mill in...


Oct 31, 2019, 11:40 ET SKF Completes Acquisition of Presenso

SKF has completed the previously announced acquisition of Presenso Ltd. Presenso is a company that develops and deploys artificial intelligence...


Oct 31, 2019, 07:16 ET Announcement of Change in the Total Number of Votes in AB SKF

Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As...


Oct 29, 2019, 05:15 ET SKF Launches Green Finance Framework

SKF is today launching a Green Finance Framework. By engaging in green financing, SKF's funding strategy will become more aligned with the Group's...


Oct 22, 2019, 07:24 ET SKF Nine-month Report 2019

Alrik Danielson, President and CEO: "SKF has managed the business well in a weakening economic environment and our efforts to reduce costs are...


Oct 09, 2019, 06:18 ET SKF to Publish Nine-months Results on 22 October

SKF will publish its nine-months results for 2019 on 22 October 2019 at approximately 13:00 (CET). Investors, analysts and media are invited to join...


Oct 07, 2019, 07:14 ET SKF Acquires Industrial AI Company

SKF has signed an agreement to acquire Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance...


Oct 07, 2019, 02:19 ET Nancy Gougarty Resigns From the Board of AB SKF

Nancy Gougarty has decided to leave the Board of AB SKF for personal reasons as a result of having been the subject of the U.S. Securities and...


Sep 30, 2019, 07:03 ET Announcement of Change in the Total Number of Votes in AB SKF

Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As...


Sep 23, 2019, 02:22 ET Nordic Paper and SKF Sign Agreement Aimed at Increasing Productivity

SKF and Nordic Paper have signed a five-year fee- and performance-based contract. The agreement aims to improve Nordic Paper's productivity, health...


Sep 16, 2019, 02:17 ET Nomination Committee of AB SKF for the Annual General Meeting 2020

In accordance with a resolution taken at the Annual General Meeting of AB SKF on 28 March 2019, this is to announce the representatives of the four...


Aug 30, 2019, 02:13 ET SKF Makes Group Management Appointment

SKF har utsett Thomas Fröst till ny medlem i koncernledningen från och med 1 september 2019. Thomas har sedan 2017 innehaft positionen President,...


Jul 17, 2019, 02:29 ET SKF Half-year Report 2019

Alrik Danielson, President and CEO: "Our efforts to keep costs under control are showing results, in a market with lower demand. Operating profit for ...


Jul 12, 2019, 03:22 ET SKF Extends Sponsorship of Gothia Cup

SKF has extended its sponsorship of Gothia Cup. SKF will continue as main partner for the world's largest youth football tournament, which takes...


Jun 28, 2019, 03:20 ET Announcement of Change in the Total Number of Votes in AB SKF

Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As...


Jun 27, 2019, 04:25 ET SKF to Publish Half-year Results on 17 July

SKF will publish its half-year results for 2019 on 17 July 2019 at approximately 8:00 (CET). Investors, analysts and media are invited to join a...


Jun 20, 2019, 05:20 ET SKF Acquires Cleantech Start-up Company

SKF has acquired RecondOil Sweden AB, a Swedish cleantech start-up that has developed a chemical filtration and rejuvenation process for industrial...


Jun 19, 2019, 05:31 ET Introducing the World's First Hybrid Bearing Life Model From SKF

Called the Generalized Bearing Life Model (GBLM), its development will ensure that SKF customers and distributors choose the right bearing for the...


Jun 19, 2019, 02:15 ET SKF Invests SEK 450 Million in Deep Groove Ball Bearing Manufacturing

SKF is investing approximately SEK 450 million in improving the competitiveness of its deep groove ball bearing (DGBB) offering. This includes...


May 29, 2019, 08:09 ET Announcement of Change in the Total Number of Votes in AB SKF

Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As...