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SKF and Fibria Sign Contract
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Goteborg, Sweden 18 June 2012 -- (BUSINESS WIRE) -- SKF today announced a five-year contract with Fibria, a Brazilian pulp and paper company, which represents one of the largest contracts SKF has received for its Integrated Maintenance Solutions.

As part of the contract, SKF will supply bearings, predictive and lubrication services, training, engineering, condition monitoring, operator driven reliability (ODR) and maintenance products.

"We have worked with Fibria for around 12 years and have developed a partnership which has helped them reduce costs and increase productivity by better managing their assets," says Vartan Vartanian, President SKF Industrial Market, Regional Sales and Service. "This contract renews our partnership and extends the scope for the two existing plants and adds the mill at Tres Lagoas." The performance-based contract includes jointly defined indicators that are aligned to Fibria's business strategies. These include indicators connected to the operational stability, increases in productivity and cost reduction in Tres Lagoas mill and to maintain operational stability in the Jacarei and Aracruz plants.

With its Integrated Maintenance Solutions, SKF becomes an integral part of a customer's operational team and takes responsibility for creating and implementing an asset management strategy with the ultimate goal of increasing the reliability and profitability of the customer's facilities. SKF supplies bearings, seals and lubricants and manages the maintenance of the machinery. Additionally, SKF collaborates with the customer, combining in-depth experience and expertise in asset management and knowledge of rotating equipment to reduce the total cost of ownership (TCO) of assets. 

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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