GOTHENBURG, Sweden, June 29,
2023 /PRNewswire/ -- SKF and Sinoma Nitride, an
industry-leading developer and producer of silicon nitride
materials and ceramic balls, have entered into a Joint Venture (JV)
contract to deepen their cooperation within hybrid ceramic ball
bearings. The cooperation is of strategic importance as ceramic
bearings is a prioritized emerging technology in SKF's
strategy.
SKF will hold a 30% share in the JV, which will produce nitride
rolling elements. With the cooperation, SKF and Sinoma Nitride will
be able to provide high-quality hybrid ceramic ball bearing
products and solutions to customers in a wide range of industries,
including Electric Vehicles (EVs) and industrial applications such
as precision machine tools. EVs and high-speed machinery are two of
the identified high-growth segments in the Group's strategic
framework.
Henry Wang, President Industrial
Region China and North-East Asia at SKF, says: "By working in a
localized production of ceramic balls with Sinoma Nitride, we will
have the opportunity to continue to optimize the end-to-end
production chain and to accelerate the development of the Electric
Vehicle industry."
Weiru Zhang, Chief Scientist of
advanced ceramics at China National Building Materials, parent
company of Sinoma Nitride, says: "The cooperation with SKF will
give us the opportunity to provide more competitive ceramic ball
bearings to global bearing users and promote the development of
ceramic ball bearings."
Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Carl Bjernstam, Acting SKF Media & Press Director
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail:
carl.bjernstam@skf.com
INVESTOR RELATIONS: Patrik
Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104;
patrik.stenberg@skf.com
The following files are available for download:
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https://mb.cision.com/Main/637/3795097/2158765.pdf
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20230629 SKF and Sinoma
Nitride accelerate large-scale application of hybrid ceramic ball
bearings
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https://news.cision.com/skf/i/xxle2827,c3194547
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XXLE2827
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https://news.cision.com/skf/i/skf-henry-wang,c3195091
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SKF-Henry
Wang
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SOURCE SKF
