SKF and Sinoma Nitride accelerate large-scale application of hybrid ceramic ball bearings

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20230629/1688028806522405.png" title="1688028806522405.png" alt="3.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">SKF and Sinoma Nitride, an industry-leading developer and producer of silicon nitride materials and ceramic balls, haveentered into a Joint Venture (JV) contractto deepen their cooperationwithin hybrid ceramic ball bearings. The cooperation is of strategic importance as ceramic bearings is a prioritized emerging technology in SKF’s strategy.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">SKF will hold a 30% share in the JV, which will produce nitride rolling elements. With the cooperation, SKF and Sinoma Nitride will be able toprovide high-quality hybrid ceramic ball bearing products and solutions tocustomers in a wide range of industries, including Electric Vehicles (EVs) and industrial applications such as precision machine tools. EVs and high-speed machinery are two of the identified high-growth segments in the Group’s strategic framework.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Henry Wang, President Industrial Region China and North-East Asiaat SKF, says: &quot;By working in a localized production of ceramic balls with Sinoma Nitride, we will have the opportunity to continue to optimize the end-to-end production chain and to accelerate the development of the Electric Vehicle industry.&quot;</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Weiru Zhang, Chief Scientist of advanced ceramics at China National Building Materials, parent company of Sinoma Nitride, says: &quot;The cooperation with SKF will give us the opportunity to provide more competitive ceramic ball bearings to global bearing users and promote the development of ceramic ball bearings.”</span></p><p><br/></p>