SKF has recently won a number of long-term contracts to provide companies in Latin America with services ranging from machine lubrication to condition monitoring. Wim Stam Latin American Regional Director for SKF Industrial Market, Regional Sales and Service said “Maintenance costs are a large part of the total cost of ownership. What we provide for these customers is SKF’s knowledge of their industry and the application of this knowledge to improve their productivity and increase the asset life cycle of their equipment,”

One of the contracts is a four-year lubrication service contract worth SEK 55 million in Peru, where SKF will supply lubrication tools to one of the world’s biggest copper producers. SKF will plan, schedule, execute and manage the lubrication of the customer’s mine equipment, including trucks, shovels and drills; and also its concentrator plant equipment, including conveyor belts, crushers, ball mills and flotation cells.

InChile, SKF has signed a SEK 34 million technology contract for a major copper producer. The project will focus on monitoring the condition of the customer’s critical mining equipment in its concentrator and roasting plant. SKF will provide products, specialised detailed engineering services, project installation and supervision.

Added to this, SKF recently secured a five-year contract worth SEK 10 million with a packaging solutions company inEcuador. SKF’s asset management services for the customer will include planning and improving maintenance strategy, and performing maintenance work, including lubrication management, on an ongoing basis.