|In addition to a contract for seals awarded end of 2008, SKF has won a new contract for the supply of tapered roller bearings to Fuwa. The contract is valid for 3 years and is worth up to 4.5 million USD per year.
Fuwa supplies trailer axles to both Chinese and international manufacturers. As Fuwa's export business has grown, the interest for higher performance bearings has increased. These tapered roller bearings will be used for trailer axles for export to markets with higher performance demands.
Mr Zhiqiang Wu, Chairman, Fuwa, says: «SKF can truly support us on a global basis for our new product development such as steer axles. Fuwa feels to be in very good hands in cooperating with SKF developing our global expansion.»
Tryggve Sthen, President, SKF Automotive Division, says: «I am very pleased that SKF is being awarded yet another contract from Fuwa. By combining our expertise in bearings and sealing solutions as a knowledge engineering company, we provide the necessary means to support our customers in their business.»
Guangdong Fuwa Engineering Manufacturing Co Ltd is the largest trailer axle manufacturer in the world, headquartered in Shunde city, Guangdong Province, China.