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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

SKF and Wolong sign MoU on magnetic bearings and levitation motors · Endata

◂ Announcements

Electrical Equipmentworld trade 2024+7.2% 5Y CAGR

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

May 17, 2023PARTNERSHIP

SKF and Wolong sign MoU on magnetic bearings and levitation motors

SKF and Wolong Group signed a memorandum of understanding to explore a strategic cooperation on magnetic levitation technology in electric drive products. The companies announced the MoU on May 17, 2023.

Status

Announced

Productsmagnetic bearingshigh-speed levitation motors

CompaniesSKF partner Wolong Electric Group partner

Sectors#Electrical Equipment #Industrial Machinery

“Five days earlier, on May 17, SKF and Wolong Group, the Chinese global manufacturer of motor and drive systems, jointly announced they have signed a memorandum of understanding.”e-powertechnology.com

1 source
e-powertechnology.comSKF and Wolong Expand Magnetic Bearing & Levitation Motors Businesses – E-Power TechnologyMay 22, 2023

Summarized from public sources; check the original articles before acting on it.

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SKF invests $28M to expand and automate Sumter, South Carolina plant
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