On February 27, 2025, the CITIC Heavy Industry 2024 Supplier Conference with the theme of "Gathering Momentum, Win Win Chain, and Connecting the Future" was held in Luoyang, Henan Province. SKF has been awarded the "CITIC Heavy Industry 2024 Strategic Supplier" award for its outstanding technical experience, service capabilities, and outstanding contributions to supply chain construction. At the same time, both parties signed a 2025 strategic cooperation agreement to continue deepening cooperation for mutual benefit.

30 years of collaborative innovation, creating a new benchmark for heavy industry equipment

Since the establishment of cooperation in 1995, SKF and CITIC Heavy Industries have embarked on a 30-year journey of collaborative innovation.

The cooperation between the two parties has started from the establishment of basic components, and has developed complete solutions and products in the fields of bearings, seals, lubrication, and intelligent condition monitoring. Widely used in key equipment such as large-scale mining elevators, mills, roller presses, rotary kilns, gearboxes, etc. by CITIC Heavy Industry, it helps to improve the performance of rotating equipment and maintain an advantage in the market.

Both parties have gradually established a stable strategic partnership by continuously deepening cooperation areas and expanding cooperation scope.

Upgrading local manufacturing and empowering industrial ecology

Facing China; New Quality Productivity; In response to the transformation and upgrading needs of China's high-end equipment manufacturing industry, SKF has increased its localization deployment in China to improve product localization rates. This not only significantly shortens the delivery cycle, but also effectively improves service response speed, providing strong support for the development of CITIC Heavy Industry's business.

In cooperation, SKF actively participates in key projects of CITIC Heavy Industry, including ultra large specification mining hoists, high-power dual drive mills, and vertical mixing mills. By strengthening cooperation in monitoring the status of grinding machines and lubrication systems, we aim to enhance the competitiveness of CITIC Heavy Industries' products through advanced technology and products.

Deepen strategic cooperation and build a symbiotic value system

As the only strategic supplier of imported bearing brands at this conference, SKF will continue to build a core manufacturing cooperation ecosystem with CITIC Heavy Industry by upgrading technical services, ensuring high-quality products, stabilizing supply cycles, and improving after-sales support.

The renewal of this strategic cooperation agreement marks a new stage of cooperation between the two parties. In the future, SKF and CITIC Heavy Industries will deepen their technological cooperation, with "intelligence, cleanliness, and efficiency" as the main axis of cooperation, and continue to empower the upgrading of the high-end equipment manufacturing industry.