Sweden. SKF AB
| Date of agreement: | 31 Mar 2009 |
|---|---|
| Country: | Sweden |
| Customer: | SKF AB |
| Amount in EUR: | EUR 30 million |
| Maturity: | 5 years |
| NACE sector / loan type: | Research and development |
This loan contributes to climate change mitigation: 50%
Project
The 5-year maturity loan totalling EUR 30 million has been provided for financing SKF’s investments in R&D activities.
The company’s product R&D focuses on the reduction of friction and wear, the selection of materials, including steel, ceramics, plastics and polymers, calculation models as well as the integration of mechanical engineering with electronics and intelligent computer control. SKF’s innovative solutions in particular help improve energy efficiency as well as new manufacturing technologies for a more safe, clean and sustainable environment.
SKF was founded in 1907. Today, the company is one of the leading global suppliers of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrication systems. SKF has 110 manufacturing sites in different countries.
Sustainability summary
SKF’s investment in R&D activities has some positive, mainly indirect, environmental impacts, such as energy efficiency and reduced energy losses. When new, more environmentally friendly products and customer specific solutions are introduced to the market.