SKF Signs SEK 60 Million Contract with LKAB for Advanced Condition Monitoring Services
GÖTEBORG, Sweden--(BUSINESS WIRE)-- SKF (STO:SKFA) (STO:SKFB) (Pink Sheets:SKFRY) (ISE: SKFB) today announced a five-year contract with LKAB worth around SEK 60 million for maintenance services at LKAB's mines, in Malmfälten, northern Sweden.
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.
"We 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," 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.
"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," 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
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