SKF and Deacero in fee-based partnership to improve performance

Rhea-AI Summary

SKF has announced a partnership with Mexican steel manufacturer Deacero aimed at enhancing performance and minimizing downtime at Deacero's steel rolling mill in Celaya. This fee-based collaboration will cover bearings, maintenance services, and application engineering. By analyzing the performance of Deacero's rolling mills, both companies aim to extend bearing service life, boost machine uptime, and lower maintenance costs, thereby improving production output and sustainability.

Positive

• Partnership aims to enhance performance and reduce downtime at Deacero's rolling mill.
• Fee-based collaboration covers bearings, maintenance services, and application engineering.
• Potential to increase bearing service life and machine uptime, leading to lower maintenance costs.

Negative

• None.

GÖTEBORG, Sweden, Sept. 21, 2020 /PRNewswire/ -- SKF is partnering with Deacero, the Mexican steel manufacturer, to improve performance and reduce downtime at their steel rolling mill in Celaya.

The partnership is built on a fee-based set-up covering bearings, bearing remanufacturing, maintenance services and application engineering and tools. By working together to understand the performance of Deacero's rolling mills, bearing service life and machine uptime can be increased, reducing overall maintenance costs and improving the production output and sustainability performance of the mill.

Claudinei Reche, President, SKF Latin America, says: "SKF's unique combination of services and competence has been supporting customers improve their production output for over 20 years. We are very pleased that Deacero shares our commitment to working together to improve local industry's competitiveness."

Iván Martinez, Central Negotiation Director at Deacero, says: "Market trends are pushing manufacturers for improved quality, cost reduction and just-in-time production. SKF's service help us to achieve this, whilst at the same time bringing innovative solutions that help us continue to deliver value to our customers."

Deacero is the largest steel wire manufacturer in Mexico. They operate 17 production plants and 26 distribution centers in North America.

Aktiebolaget SKF

      (publ)

For further information, please contact:
PRESS: Carl Bjernstam
SKF Group Communication
tel: +46-31-337-2517
mobile: +46 722-201893
e-mail: carl.bjernstam@skf.com  

INVESTOR RELATIONS:
Patrik Stenberg
Head of Investor Relations
+46-31-337-2104; +46-705-472-104
patrik.stenberg@skf.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-and-deacero-in-fee-based-partnership-to-improve-performance,c3199729

The following files are available for download:

https://mb.cision.com/Main/637/3199729/1308739.pdf

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SOURCE SKF

FAQ

What is the purpose of the SKF and Deacero partnership?

The partnership aims to enhance performance and reduce downtime at Deacero's steel rolling mill in Celaya.

What services will SKF provide to Deacero?

SKF will provide bearings, maintenance services, and application engineering as part of the partnership.

How will the partnership impact production at Deacero's mill?

The collaboration is expected to improve production output and sustainability by increasing machine uptime and reducing maintenance costs.

When was the partnership between SKF and Deacero announced?

The partnership was announced on September 21, 2020.