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SKF News

SKF magnetic bearings enable more sustainable production of compressed air

28th November 2022 SKF’s magnetic bearings, which can rotate at up to 50,000 rpm are now playing a key role in reducing CO2 emissions across a range of industrial applications, including compressors. SKF’s magnetic bearing technology has been selected by Finnish cleantech company Tamturbo for their high-speed turbo... 

SKF issues its second Green Bond; raises EUR 400 million to finance green investments

21st November 2022 SKF has issued its second Green Bond, which will raise EUR 400 million to fund eligible green projects in accordance with the Group’s Green Finance Framework. The Bond further connects SKF’s business strategy and funding approach to the Group’s sustainability commitment and climate targets. The... 

Bearings company completes acquisition

11th November 2022 National industrial supplies specialist Bearings 2000 has acquired bearings and power transmission supplier MCL Engineering Products – based in Gqeberha, in the Eastern Cape. The acquisition, which was completed in July, will expand Bearings 2000’s reach in the Eastern Cape. 

SKF and NIO expand strategic cooperation

10th November 2022 SKF and NIO, a leading premium smart electric vehicle manufacturer have strengthened their strategic cooperation. As part of the agreement, SKF will be a preferred supplier of ceramic ball bearings and provide wide-ranging technical expertise to support NIO’s product development and global... 

Pulse meter improves lubrication monitoring

22nd September 2022 A ‘plug and play’ digital pulse meter from SKF allows real-time monitoring of flow rates, helping operators to reap the benefits of enhanced lubrication control. SKF has developed a new digital pulse meter that monitors real-time flow rates in oil circulation systems. 

SKF and Ovako reach milestone in journey towards net zero bearing production

16th September 2022 A significant milestone has been reached in SKF’s journey towards a net-zero value chain. Together with Swedish steel producer Ovako, SKF has produced a Spherical Roller Bearing (SRB) with 90% less emissions than its standard SRB bearing. The bearing is manufactured in SKF’s net zero factory in... 
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