SKF Signs Supply Agreement With Volkswagen's MAN
24 August 2015 - 9:46AM
Dow Jones News
By Christina Zander
STOCKHOLM--Swedish ball bearing maker SKF AB (SKF-B.SK) said
Monday it has signed a three-year agreement with MAN SE to supply
the German automotive company with truck-matched wheel-end
units.
The deal is worth 60 million Swedish kronor ($7.2 million) and
follows the signing of an agreement with Scania AB in October to
supply similar units, the company said.
Deliveries to both MAN and Scania are scheduled to commence in
September 2015.
At 0701 GMT SKF shares were down 3.2% at SEK156.20
Write to Christina Zander at christina.zander@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 24, 2015 03:31 ET (07:31 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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