SKF received the 2012 Supplier of the Year award from General Motors for the third consecutive year

GOTHENBURG, Sweden--March 22, 2013: SKF Sealing Solutions Korea Co., Ltd. has received the prestigious GM Supplier of the Year award for the third consecutive year.

"SKF Sealing Solutions Korea Co., Ltd helped play a critical role in GM's success in 2012 through their dedication and commitment to consistently exceed our expectations by being innovative, delivering high quality products and services on time and by creating outstanding value," said Grace Lieblein, GM vice president, Global Purchasing and Supply Chain. "We are thrilled to recognize SKF Sealing Solutions Korea Co., Ltd, who we consider to be a world-class supplier."

GM's Supplier of the Year (SOY) award, which began as a global program in 1992, recognizes the contributions of GM's suppliers in 2012 as part of the company's global product and performance achievement. For the 2012 award, GM selected 83 global suppliers, representing GM's view of the best the automotive industry has to offer in innovative technology, superior quality, outstanding launch support, crisis management and competitive total enterprise cost solutions.

"Receiving this award again from GM really proves how strong our commitment is in delivering what our customers need. It is all about understanding our customers business and requirements, delivering according expectations. It is a team work effort and I am proud of the hard work the SKF team is doing," says Mr. Tryggve Sthen, President SKF Automotive.

"It is such an honor for us to receive this award three years in a row. We are proud to say that we work consistently on delivering on the exact requirements of our customers' high demands. Being recognized by GM in this way is truly inspiring," says Mr. Yongjoon Hur, Managing Director SKF Sealing Solutions Korea.

The award was presented at the Charles H. Wright Museum of African American History, Michigan USA at the Supplier of the Year celebration on March 13, 2013.

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775.