On February 27, SKF China (SKF) and CRRC Beijing Nankou Machinery Co., Ltd. held a signing ceremony for Beijing Nankou SKF Railway Bearing Co., Ltd. to extend the operating term at CRRC headquarters. Swedish Ambassador to China Lars Ossef, SKF Group President Rickard Gustafson and CRRC Group President Ma Yunshuang were invited to attend the signing ceremony. Commercial Counselor of the Swedish HE670ADC810 Embassy in China Qiao Kai, CRRC Vice President Wang Feng and Vice President Liu Ke ‘an witnessed the signing of the agreement. Wang Hui, President of SKF China and Northeast Asia, and Tao Lu, Chairman of CRRC Beijing Nankou, signed the agreement on behalf of both parties.

At the signing ceremony, Ambassador Ousicheng fully affirmed the positive role of bilateral cooperation in promoting the continuous deepening and solid cooperation between China and Switzerland, he said. The ongoing cooperation between SKF and CRRC is a broad and mutually beneficial cooperation and a concrete example of the strong economic and trade relationship between China and Switzerland. Nankou SKF Company has become a model of Sino-foreign joint ventures and win-win cooperation, and I believe that both sides will achieve greater achievements in the future.

SKF Group President Rickard Gustafson thanked CRRC for its support over the years. He said that SKF and CRRC have been working together for 28 years, witnessing and participating in the rapid development of China’s railways. This renewal will open a new chapter in deepening mutually HE670ADC810 beneficial cooperation and jointly pursuing green development. SKF looks forward to working with CRRC to give full play to their respective strengths and help CRRC’s global development through cooperation in optimizing supply chain service system. At the same time, SKF also looks forward to comprehensive and in-depth cooperation in rail transit, clean energy, sustainable development and other fields to jointly develop green and intelligent solutions and build a sustainable development ecosystem.

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Mr. Jack Ma, General Manager (President) of CRRC Corporation, Ambassador Ousicheng, President Ricard Gustafson, and Counselor Qiao Kai extended a warm welcome to visit CRRC, and sincerely invited Ambassador Ousicheng to visit the production site of CRRC affiliated enterprises. He extended his sincere thanks to the team of Nankou SKF for their hard work and said that Nankou SKF Company is the result of the friendly cooperation between SKF and CRRC. The joint venture company integrates the advantages of both sides, deeply cultivates technology and service innovation, and develops a series of bearing products, which has made significant contributions to the development of China’s railway equipment industry. CRRC is willing to work with SKF to continue to deepen cooperation in the field of rail transit equipment and clean energy equipment, and jointly make greater contributions to the economic and trade cooperation between China and Switzerland and the development of the global rail transit industry.

In the presence of the guests, Wang Hui, President of SKF China and Northeast Asia, and Tao Lu, Chairman of CRRC Beijing Nankou Machinery Co., Ltd. renewed the term extension agreement of the joint venture of Beijing Nankou SKF Railway Bearing Co., LTD.

The signing of this extension agreement is not only another milestone in the course of cooperation between the two sides, but also a strong proof of deepening cooperation and seeking common development between Chinese and Swiss enterprises. The two sides will continue to work together to jointly promote the development and growth of Nankou SKF, and make new and greater contributions to the prosperity of China’s rail transit industry, the economic and trade cooperation between China and Switzerland, and the development of global rail transit industry.

Before the signing ceremony, SKF Group President Rickard Gustafson and CRRC Group General manager Ma Yunshuang had a discussion and exchange, the two sides respectively introduced the business development and business development layout of the enterprise, reviewed the cooperation process and good cooperation foundation for more than 20 years, focusing on the digital, intelligent and green development of the equipment manufacturing industry. They conducted in-depth and detailed discussions and exchanges to jointly promote pragmatic cooperation in a wider range of fields, at a deeper level and with higher benefits, and achieve common development and mutual benefit at a higher level.