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SKF Validates Over $2 B in Customer Savings Through Proven Solutions

On September 23, SKF’s president and CEO Tom Johnstone announced that the company has documented over $2 B in savings for its customers, thanks to SKF solutions. This milestone was achieved through a decade‑long collaboration with clients and the proprietary SKF Documented Solutions Program.

“SKF merges industry expertise, products, and services to deliver measurable value. For ten years, we’ve proved this with real data,” says Vartan Vartanian, president of SKF Service Division.

Based on insights from 19,000 global cases, the SKF Documented Solutions Program equips customers to forecast annual net savings from SKF products and services. The extensive data set enables rapid, accurate total‑cost‑of‑ownership projections and verification.

Total cost reductions span energy, lubrication, inventory, warranty, labor, machine life, reliability, output, and quality.

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services—including technical support, maintenance, reliability consulting, and training. Operating in over 130 countries with 15,000 distributor locations, SKF generated SEK 56,227 million in sales and employed 41,172 people in 2009.

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