AB SKF - Company Profile
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Business Description
AB SKF (SKF) is a provider of bearing technology for rotating equipment. It supplies products, solutions and services within bearings, seals, mechatronics, and lubrication systems. Services include technical support, condition monitoring, maintenance services, asset efficiency optimization, engineering consultancy, and training.
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R&D Overview
The R&D activities of the company focus on strengthening core technologies and launching new products. R&D's focus areas include lifecycle management, intelligent inspection technologies, sealing, modelling and simulation, materials and heat treatment, tribology and lubrication, near net shape forming, mechatronics, and manufacturing. SKF has a global network of R&D centers and laboratories, and collaboration with major universities and research institutes. The company has 15 technology centers across the world. SKF also harnesses its innovative capabilities to roll out new products. In FY2022, the company reported R&D expenditure of SEK3,177 million, which as a percentage of sales, stood at 3.3% and increased 15.5% YoY. The company filed 240 patents in FY2022.
Business Segments
Overview
Offers customized bearings, seals and related products for wheel-end, driveline, engine, e-powertrain, suspension, and steering applications. Major products include hub bearing units, tapered roller bearings, small deep groove ball bearings, steering column bearing, suspension bearing units, magnetic bearings, shaft seals, bonded piston seals, and valve stem seals. Major customers include manufacturers of cars, light and heavy trucks, trailers, buses, two-wheelers, and the vehicle aftermarket. Sells to customers in the global automotive market, directly or indirectly through a distributor network.
Performance
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Overview
Develops and manufactures bearings, seals and lubrication systems, and rotating shaft services and solutions for machine health assessment, reliability engineering and remanufacturing. Comprises six functional organizations: Industrial Sales Americas, Industrial Sales Europe, and the Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace. Provides power transition products, maintenance tools, coupling systems, wire products, test and measurement equipment and actuation systems. Sells to customers in the global industrial market, directly and indirectly through a worldwide distributor network. Major customers are companies in heavy industry such as metals, mining, cement, pulp and paper, and off-highway; general industry such as automation, machine tools and industrial drives; railway, marine and energy such as wind, oil and gas; and aerospace.
Performance
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Geographical Segments
- China & Northeast Asia
- Europe, Middle East & Africa excl. Sweden
- India & Southeast Asia
- Sweden
- The Americas
Performance
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Performance
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Performance
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Performance
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Performance
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