SKF signs $144.7-million bearing contract
The deal will supply an unnamed wind-turbine maker with Nautilus bearings
GÖTEBORG, Sweden—SKF has signed a three-year, CAN$144.7-million deal to supply a major wind turbine manufacturer its Nautilus bearing.
The new multi-megawatt turbine design from an unnamed company is intended for both onshore and offshore installations around the world.
“Wind is a relatively new source of energy and it has developed into a significant business for SKF over the past few years. We are in active cooperation with leading companies within the market to develop future technology and this order is proof that our new Nautilus bearing is well accepted in the industry,” says Tom Johnstone, SKF president and CEO.
The Nautilus bearing was launched in April 2012 at the European Wind Energy Conference in Denmark.
SKF supplies bearings, seals, mechatronics, lubrication systems, technical support, maintenance and reliability services, engineering consulting and training from operations.
SKF posted annual sales of $9.5 billion (SEK 66,216 million) and employed 46,039 in 130 countries.