Latest news with #SKF
Morocco World
21-05-2025
- Automotive
- Morocco World
Swedish Company SKF opens Magnetic Bearing Factory in Morocco
Rabat – Swedish bearing and seal manufacturing company, SKF, has opened a new factory in the northern Moroccan city of Tangier. Set to initially employ 60 people, the new facility will manufacture components for magnetic bearings and high-speed electronic motors, the company said in a press release. Headquartered in Gothenburg, SKF believes the new Morocco facility will help it meet the increased demand for these components, as well as consolidate its position as a global leader in this area. 'The factory will enable the production of modular and scalable products that can be easily integrated into various applications,' said the company. SKF explained that magnetic solutions' ability to operate efficiently at high speed, without friction, and with minimal maintenance. These components are key for high-speed machinery like compressors, turbines, and motors. 'We are excited about the economic and competitive advantages this new facility will bring, positioning SKF as a key partner in the sustainability transformation,' said Thomas Fröst, President of Independent and Emerging Business at SKF. Fröst added that the new factory supports the company's commitment to sustainability and innovation through 'decarbonization, electrification, and system intelligence.' 'By enhancing our supply chain, we can reduce lead times, improve customer delivery performance, and offer competitive solutions,' he added. Founded in 1907, SKF is the largest bearing manufacturer in the world. It employs 38,000 people across 108 manufacturing units and has 17,000 distributor locations covering 130 countries.
Yahoo
15-05-2025
- Automotive
- Yahoo
SKF Announces Premier Sponsorship of Reliable Plant
Will Showcase Lubrication Lifetime Solutions During Leading Plant Reliability Conference ST. LOUIS, May 15, 2025 /PRNewswire/ -- SKF has signed to be a premier sponsor at this year's Reliable Plant Conference and Exhibition June 2-5, 2025 at the Renaissance Schaumburg Convention Center Hotel in Chicago, Illinois. SKF will be presenting its Lubrication Lifetime Solutions in booth #604 at the conference. RecondOil, Alemite, and SKF Lincoln will be featured, highlighting their lubrication solutions for industrial applications. Together, the brands have more than 300 years of experience in managing lubrication and reducing friction. They specialize in automated and easy-to-use lubrication systems, tools and equipment, and filtration systems. These proven and trusted brands help keep equipment performing efficiently and smoothly while also supporting sustainability. SKF Lincoln will also be presenting the Lube Tower with Blaise Carrol, application engineer, and Mark Allen, senior strategic portfolio manager, on Monday, June 2 at 3:30 p.m. in Room H. Carrol and Allen will discuss how to prevent the hidden threat of submicron containments or "ghost riders" in oil. The session will detail best practices for filtration and transfer oil from barrels to storage tanks to best maintain reliability and performance. "We are proud to be a premier sponsor at this year's Reliable Plant Conference and Exhibition," said Maria Orlando, Marketing Director, Americas. "We believe our lubrication lifetime solutions are the best in the market and this conference allows us to talk directly to plant managers to help them with all their lubrication needs. We are looking forward to connecting with and educating plant leaders on how our products reduce friction." Reliable Plant is a four-day conference for industrial plant leaders to learn about the latest technology and information, best practices, and how to improve reliability and performance. About SKFSince 1907, SKF has been making some of the world's most innovative bearings, seals, lubrication systems, condition monitoring solutions, and services to reduce friction. Less friction means more energy saved and by reducing it, we make industry smarter, more competitive, and more energy efficient, building a more sustainable future where we can all do more with less. SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2024 were SEK 98,722 million and the number of employees was 38,743. ® SKF is a registered trademark of the SKF Group. Media Contact: Maria OrlandoMarketing Director, View original content to download multimedia: SOURCE SKF Group Sign in to access your portfolio
Axios
08-05-2025
- Science
- Axios
Harnessing tidal energy to foster a more sustainable power grid
Tapping into the Moon's energy doesn't require a spaceship — just a bold new approach. Annika Ölme, Chief Technology Officer and Senior Vice President, Technology Development at SKF, discusses the "next space race" and how innovative technologies are already creating opportunities to harness endless energy from the moon's gravitational pull — right here on Earth. 1. The idea: What is the Faroe Islands Space Program? Ölme: The Faroe Islands is a small island nation between Scotland and Iceland in the Northeast Atlantic. There, together with our customer Minesto, we've built a space program unlike any other in the world. The Faroe Islands Space Program competes with global superpowers to harness lunar resources — without ever leaving Earth. Tidal energy, generated by the moon's gravitational pull, offers a renewable and predictable power source. This untapped natural resource holds tremendous potential to support a more sustainable energy future. 2. How it's done: How are you harnessing energy from the moon? Ölme: As the Moon's gravity pulls on the Earth and its oceans, it creates tidal streams. These powerful flows of water generate immense energy. Through innovative technologies and partnerships, we've supported the development of a way to harness this energy — LUNA 12. LUNA 12 transforms the concept of kites. Rather than soaring through the air, it glides through the ocean at speeds up to 16 knots at a depth of ~ 60 meters, driving water through a turbine to generate energy. The wing uses the hydrodynamic lift force created by the underwater current to move the kite. With an onboard control system, the kite is autonomously steered in a predetermined figure-of-eight trajectory, pulling the turbine through the water at a water flow several times higher than the actual stream speed. The turbine shaft turns the generator which outputs electricity to the grid via a power cable in the tether and a seabed umbilical to the shore. 3. The background: Who's behind this innovation? Ölme: The Faroe Islands Space Program is a collaboration between SKF, Minesto, and the Faroe Islands. SKF is the world's largest bearing manufacturer with a commitment to improving energy efficiency and reducing CO2emissions. Minesto is an ocean energy technology developer. The Faroe Islands, along with the inter-municipal community power company SEV, has one of the world's most ambitious energy transition initiatives, aiming to reach 100% renewable electricity by 2030. SKF designed the bearing and sealing systems for the rudders and elevators of the kites, and we collaborated closely with Minesto to optimize the LUNA 12 kite for demanding operational environments. The result is a cost-competitive tidal energy technology poised for large-scale deployment. The initiative underscores the critical role of cross-industry collaboration and knowledge-sharing in accelerating innovation, advancing the shift to renewables and shaping a more sustainable energy future. The Faroe Islands Space Program serves as a blueprint for broader cooperation across sectors. 4. The impact: What's the long-term potential here? Ölme: The Faroe Islands, with its strong political will, unique ocean conditions, and supportive infrastructure, provide an ideal setting to test and scale this groundbreaking technology. Today, LUNA 12 is connected to the Faroese power grid, but as the project is in its pilot phase, electricity production is still in humble volumes. LUNA 12 is the first megawatt-scale kite in operation, delivering a tenfold increase in capacity compared to earlier models. With a rated power of 1.2 megawatts, it could supply enough electricity to power around 200 homes for a full year once fully operational. The next goal is to implement a new 200 MW tidal energy facility. This could meet 40% of the Faroe Islands' expected electricity needs in 2030, providing renewable electricity to the nation's 50,000 people and 70,000 sheep. Today, ocean energy is still a small part of the renewable energy mix. But we've identified at least 3,000 other "Faroe Islands" out there with the potential to harness this technology to generate renewable energy. If they were all to join, moon power could replace all coal power capacity currently under development globally. 5. Looking ahead: What's next for this project and SKF's future innovations? This is just one example of how SKF works with customers to advance new approaches and innovations in energy technology development and across other sectors. We recognize the powerful role we can play in reducing friction in projects and applications worldwide. Anywhere bearings are used, there's an opportunity to enhance efficiency and reduce friction, and we're proud of our innovations across the globe — and beyond — in making that a reality.
Yahoo
06-05-2025
- Automotive
- Yahoo
SKF offers free tattoo updates as the iconic brand gets a refresh
GOTHENBURG, Sweden, May 6, 2025 /PRNewswire/ -- SKF has updated its brand identity to become more modern, confident and dynamic. Even the iconic SKF logotype has gotten a facelift, for the first time since 1908. However, it created some unforeseen consequences - for those who cares the most. The SKF logotype has become a symbol of excellence in the industry, inspiring some individuals to permanently brand their bodies with it. To honour this dedication, SKF is offering the opportunity to update their tattoos to match the refreshed brand identity. One of the first to embrace this offer is József Mézes, an SKF distributor from Hungary. Mézes, who got his first SKF tattoo in 1994 and another in 2023, has now yet again tattooed SKF with the new design, proudly placed above his heart. "As an SKF distributor, I have always kept the company close to my heart. The key element to the company success is passion, brand loyalty and business ethics," says József Mézes. Video with Mézes. The new brand identity is bolder and more modern, yet unmistakably SKF. It features a subtly redesigned logo, a more vibrant blue, a new typeface, and more distinctive photography. "The SKF brand represents the culmination of everything the company does—products, people, values, innovations, reputation, communication, and our vision for the future. As the company embarks on this journey to the future, we take full responsibility for the impact of updating an iconic brand, even when it comes to supporting our fans, and that's why we are offering an update," says Daniel Sjöstrand, Head of brand and campaigns, SKF. How to update your tattoo By registering on people with SKF tattoos can get up to date with the new brand. The offer is valid for the first 100 applicants until July 31. The applicants are free to choose their own tattoo artists, if they adhere to local rules and regulations. Disclaimer SKF offers a tattoo update to the first 100 adults that have an existing tattoo today and who agree to the terms of participation. SKF will not provide a tattoo artist, neither does SKF take accountability for the tattoo artist of choice - the receiver will have to choose their own, but SKF strongly urges participants to choose a certified tattoo artist in a safe environment and participation shall adhere to local rules and regulations. Aktiebolaget SKF (publ) For further information, please contact: Press Relations: Karin Markhede, PR-manager, +46 707 58 87 30; This information was brought to you by Cision The following files are available for download: SKF offers free tattoo updates as the iconic brand gets a refresh SKF Tattoo 01 SKF-69 View original content: Sign in to access your portfolio
Bloomberg
25-04-2025
- Business
- Bloomberg
SKF Works to Reroute Trade Flows and Plans ‘Sizable' Staff Cuts
Swedish industrial company SKF AB said it raised prices and is working to reroute some Chinese imports in response to tariffs, while also planning global job cuts. About 10% of what SKF sells in the US comes from China and those flows can be partly mitigated with price hikes or rerouting, Chief Executive Officer Rickard Gustafson said on a call with analysts.
