SNR-SKF

BEARING INDUSTRY :
SKF AND SNR SIGN AGREEMENT
ON USE OF PROPERTY RIGHTS
SKF and SNR have reached an agreement which allows each party
to use certain intellectual property rights, owned by the other party,
in the field of wheel bearings for passenger cars.
Through this agreement both SKF and SNR will get access to new applications
that will contribute to broaden the offer the two companies
can provide to the market, improving quality, speed and value.
" This is a logical step in line with our strategy of developing new partnerships
to get access to new products and systems
that will strengthen our competitive position in the market "
says Tom Johnstone, President SKF Automotive Division.
The SKF Group, headquartered in Gothenburg, Sweden,
is the world leading supplier of bearings and services
with yearly sales of 4.6 billion euros.
The SNR Group , headquartered in Annecy, France,
is major supplier of bearings for the automotive industry with yearly sales
of 480 million euros.

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