SKF Signs SEK 60 Million Contract with LKAB for Advanced Condition Monitoring Services

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SKF Signs SEK 60 Million Contract with LKAB for Advanced Condition Monitoring Services

[ Mon, Oct 01st 2012 ] - Market Wire

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Vornado Announces its Share of Toys “R& .. 9; Us’ Second Quarter Financial Results

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TECO Energy Announces Agreements to Sell Remaining Investments in International Power Plants

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A Refreshing Outlook - Consensus Reports on CoreLogic, Inc. and Lender Processing Services, Inc

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Thu, September 27, 2012

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GCA Launches Suite of New Products at G2E

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Washington Banking Announces Third Quarter 2012 Conference Call and Webcast

[ Thu, Sep 27th 2012 ] - Market Wire

Ryan & Maniskas, LLP Announces Investigation of West Coast Bancorp

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Wed, September 26, 2012

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SKF Signs SEK 60 Million Contract with LKAB for Advanced Condition Monitoring Services

_{//business-finance.news-articles.net/content/201 .. -for-advanced-condition-monitoring-services.html}
^{Published in Business and Finance on Monday, October 1st 2012 at 3:00 GMT by Market Wire}

GTEBORG, Sweden--([ BUSINESS WIRE ])--SKF (STO:SKFA) (STO:SKFB) (Pink Sheets:SKFRY) (LSE:SKFB) today announced a five-year contract with LKAB worth around SEK 60 million for maintenance services at LKAB's mines, in Malmflten, northern Sweden.

"We focus on prevention and, where necessary, consult partners with expertise and experience that can further develop our maintenance process. SKF has extensive experience in systems for condition based maintenance and is an essential partner in our work"

The contract covers advanced condition monitoring, vibration measurements, remote monitoring services, and machine diagnostics for mills, conveyors, pumps, and fans both above and below ground.

aWe have been a partner of LKAB for many years and this new agreement gives us additional enthusiasm to assist in preventing disruptions and breakdowns through our preventive maintenance solutions,a says Vartan Vartanian, President, SKF Industrial Market, Regional Sales and Service.

LKAB refines and manufactures iron-ore products for the global market. The aim of the preventive maintenance work is to reduce unplanned downtime and improve reliability and productivity without any major investment.

aWe focus on prevention and, where necessary, consult partners with expertise and experience that can further develop our maintenance process. SKF has extensive experience in systems for condition based maintenance and is an essential partner in our work,a says Anders Kitok, senior vice president mining for LKAB.

Gothenburg, 1 October, 2012

Aktiebolaget SKF (publ)

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 2011 were SEK 66,216 million and the number of employees was 46,039. [ www.skf.com ]

This information was brought to you by Cision [ http://www.cisionwire.com ]

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