Gothenburg, July 12, 2022 / PRNewswire / -- On July 7, 2022, SKF and ABB signed a Memorandum of Understanding (MoU) to jointly explore possibilities for collaboration in manufacturing process automation. The MOU was signed by Rickard Gustafson, CEO of SKF, and Bjorn Rosengren, CEO of ABB, at ABB's Robotics Experience Centre in Vasteros, Sweden.
SKF and ABB have signed a Memorandum of Understanding (MOU) to facilitate future strategic cooperation and explore new business opportunities.
Gothenburg, July 12, 2022 / PRNewswire / -- On July 7, 2022, SKF and ABB signed a Memorandum of Understanding (MoU) to jointly explore possibilities for collaboration in manufacturing process automation. The MOU was signed by Rickard Gustafson, CEO of SKF, and Bjorn Rosengren, CEO of ABB, at ABB's Robotics Experience Centre in Vasteros, Sweden.
SKF and ABB recently completed a number of global manufacturing network construction projects, including the installation of a number of ABB industrial robots at the Gothenburg plant, a leading production base for bearing manufacturing technology. On this basis, the two sides are exploring and promoting further cooperation.
SKF and ABB want to work together to explore and evaluate solutions that can enhance manufacturing capabilities and support customers to improve productivity. As a first step in the collaboration, SKF will make the necessary investments in automation and clean manufacturing processes to find solutions to reduce CO2 emissions from SKF's business operations. In the long term, the parties expect to explore new business opportunities in both traditional and emerging market segments, providing valuable experience that is widely applicable to the industry.
Rickard Gustafson, President and CEO of SKF, said: "We are focusing on increasing the automation of our production facilities everywhere to maintain a competitive edge, improve environmental performance, and build a more flexible and safer work environment. ABB is an important partner for us in this area. As a leader in the industry, we will continue to develop innovative solutions to further enhance the competitiveness of our customers."
ABB CEO Bjorn Rosengren said: "The demand for automation is growing as the working-age population continues to shrink, labor costs continue to rise and the industry focuses on resource-efficient business operations and making manufacturing processes more sustainable. In this context, I am proud to announce a deeper partnership with SKF to further strengthen our technology leadership."
The two companies have signed a series of contracts to deliver specific projects in the area of advanced manufacturing automation, including the implementation of robotic bin picking and the installation of innovative logistics automation solutions in SKF's complex industrial workshops, aiming to enable the use of robots to advance detail management and quality assurance.
