SKF secures agreement with Indonesian state-owned railway company

GÖTEBORG, Sweden

Regulatory News:

SKF (STO:SKFB)(STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB):

SKF has signed a three-year agreement with PT. Kereta Api Indonesia (Indonesian Railways), Indonesia’s state-owned railway operator, for the supply of tapered roller bearing units. The units will be produced in SKF’s factory in Nankou, China, with deliveries expected to start during the third quarter of 2015.

SKF will also supply Indonesian Railways with aftermarket sealing solutions and dismounting tools.

Anders Fogelberg, Managing Director, Indonesia, says, “This is a prestigious and significant contract for us to secure in a country with major on-going investments in railway infrastructure. SKF’s tapered roller bearing units and sealing solutions contribute to more reliable train operation, increased passenger comfort and, ultimately, reduced environmental impact, through reduced friction. Producing the units in China provides us with a competitive edge that meets the high standards and technical requirements of the railway industry.”

Aktiebolaget SKF

(publ)

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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 around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593. www.skf.com

® SKF is a registered trademark of the SKF Group.

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