SKF and ArcelorMittal Sign Long Term Partnership Agreement

Resource from: CBCC Likes:2933

Dec 24,2007

SKF and ArcelorMittal Sign Long Term Partnership Agreement SKF have signed a long-term contract (2007-2010) with ArcelorMittal as one of the preferred partners for bearings and related products for ArcelorMittal operations in Europe. After first implementation phase in Europe, the contract is planned to be expanded globally. During this period, ArcelorMittal and SKF will implement products and solutions with focus on continuous improvement in order to reduce the significant cost for steel production. SKF will use the Documented Solution Program (DSP) to document the savings and cascade the concept to different ArcelorMittal sites. ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. Leader in all major global markets, an industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets. For further information, please contact: PRESS: Lars G Malmer, SKF Group Communication, tel: +46 31-337 1541, mobile: +46 705-371541, e-mail: lars.g.malmer@skf.com

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