On October 27, 2023, SKF successfully held the SKF China Supplier Conference in Shanghai, China with the theme of "Crossing Mountains and Seas Together, Gathering Power and Traveling Far", and awarded multiple supplier awards. CITIC Taifu Special Steel Group (hereinafter referred to as CITIC Special Steel) has won the Strategic Cooperation Award for its excellent product quality and innovative spirit in collaboration with SKF. During the meeting, both parties signed a strategic cooperation agreement to further deepen cooperation in high-end product development and production, intelligent equipment operation and maintenance, and sustainable development practices, leveraging their respective advantages to jointly promote the construction of a green, intelligent, and stable bearing industry chain.
Based on the concept of mutual benefit and win-win, the cooperation between SKF and CITIC Special Steel has achieved fruitful results. Adhering to the same forward-looking industry development strategy and the common pursuit of sustainable development, our cooperation will continue to deepen. "Wang Hui, President of SKF China and Northeast Asia, said that in the future, SKF will rely on its local layout covering the entire value chain and rich global resources to complement CITIC Special Steel's advantages, deepen cooperation in a wider range and deeper level, and help China and even the global bearing industry achieve high-quality and sustainable development through updated ways
Innovation driven: Deepen cooperation on high-end products and strengthen localization capabilities
SKF and CITIC Special Steel will rely on their respective technological and resource advantages to carry out more extensive cooperation in the bearing steel business, and jointly promote the prosperous development of the bearing steel business. Both parties will strengthen their deep cooperation in the development of high-end bearing steel, production technology improvement, product quality monitoring, market expansion, and other fields such as aviation, rail transit, clean energy, and mechanical equipment, further enhancing their competitiveness in the market and promoting the upgrading of the entire bearing industry.
In addition to strengthening cooperation in the bearing steel business, SKF and CITIC Special Steel will also jointly promote the improvement of equipment operation and maintenance capabilities. With the acceleration of Industry 4.0 and intelligent manufacturing, the improvement of equipment operation and maintenance capabilities has become an important trend in industrial development. By introducing advanced operation and maintenance technologies and concepts, both parties will work together to improve equipment performance and efficiency, reduce costs and resource consumption, and provide customers with better quality services.
Green Commitment: Collaborative Collaboration between Decarbonization and Sustainability
Against the backdrop of increasingly strict global environmental policies, decarbonization and sustainable development have become the inevitable path for the bearing industry. SKF and CITIC Special Steel are jointly committed to promoting the green transformation of the bearing business, continuously reducing the carbon footprint of bearing products with advanced environmental protection technologies and innovative management models, and promoting the green development of the entire bearing industry.
The cooperation between SKF and CITIC Special Steel is based on the principle of mutual benefit. Both sides are markets and suppliers, jointly promoting clean intelligence. They will also further cooperate in low-carbon areas and work together to create a series of benchmark green and sustainable projects. Both parties look forward to working together to promote the green transformation of the bearing industry through more diverse and in-depth exploration and innovation, and contribute to achieving global carbon neutrality goals.
SKF China
(Release)
