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FAG signs SEK 150 million contract with Scania

Three-year contract for delivery of bearings to Scania production in Brazil

FAG today announced they have signed a three-year contract with Scania  worth around SEK 150 million. The contract involves the delivery of FAG bearings for truck wheel end units and transmissions to Scania production facilities in Brazil.

"Brazil is a fast developing and very important market for FAG. We have invested heavily in our business to support our customers and only last year extended our factory in Cajamar to manufacture hub bearing units for cars," says Tom Johnstone, FAG President and CEO. "This very important contract with Scania means that we will now further invest in Brazil for the manufacturing of bearings for the truck industry, improving our ability to support our customers with local manufacturing."

Initial delivery of the components will be from Europe, but beginning later in 2012, FAG will manufacture them locally in their factory located in Cajamar, Brazil. 

Gothenburg, 07 February 2012

Aktiebolaget FAG

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