Contract extension with Russian rail company
SKF has secured a one-year contract extension, worth approximately 11 million euros, with JSC Tikhvin Freight Car Building Plant, a subsidiary of Research and Production United Wagon Company, a Russian railway holding company.
As part of the extended agreement, which is entering its third year, SKF will supply compact tapered roller bearing units (CTBUs) manufactured at its factory in Tver, Russia, as well as maintenance support and bearing remanufacturing services.
SKF’s CTBUs will be used in the production of higher-capacity freight cars, enabling increased efficiency and reliable field performance.