(June 25, 2012) - SKF, a global supplier of bearings, seals, mechatronics, lubrication systems and services, signed a five-year contract with Fibria, a Brazilian company with a strong presence in the global forest products market, to establish a partnership with Integrated Maintenance Solutions (IMS).

IMS deems SKF responsible for creating and implementing Fibria's asset management strategy. The performance-based contract outlines specific indicators that meet Fibria's business strategies. SKF will become a crucial part in helping Fibria's operational team achieve greater accuracy and reducing cost among its customer's facilities.

SKF will supply its machinery and services, which include technical support, maintenance and reliability services, engineering consulting and training.  They also provide the maintenance of the equipment.

"We have worked with Fibria for around 12 years and have developed a partnership which has helped them reduce costs and increase productivity by better managing their assets," says Vartan Vartanian, President SKF Industrial Market, Regional Sales and Service. "This contract renews our partnership and extends the scope for the two existing plants and adds the mill at Tres Lagoas."