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SKF USA Inc. and Poul Jeppesen Selected to Receive Business Entrepreneurial Award from the Swedish-American Chamber of Commerce---Philadelphia

PHILADELPHIA, Dec. 7, 2012 /PRNewswire/ -- The Swedish-American Chamber of Commerce-Philadelphia ("SACC-Philadelphia") selected SKF USA Inc. and its CEO and President, Poul Jeppesen, to receive SACC-Philadelphia's annual business entrepreneurial award.  This award was created in 2010 by SACC-Philadelphia and recognizes companies and individuals who have made a significant contribution to the exchange of trade and commerce between the Philadelphia Region and Scandinavia, and important contributions towards innovation, corporate social responsibility and sustainable business practices.

(Photo: http://photos.prnewswire.com/prnh/20121207/PH26301 )

SKF was founded in 1907 in Sweden and has become a leading global supplier of products, customer solutions and services in the business of rolling bearings, seals, lubrication, mechatronics, and services.  SKF USA Inc. has its U.S. headquarters, a LEED certified Platinum building, in the Philadelphia Region located in Lansdale, Pennsylvania.  Poul Jeppesen has served as President and CEO of SKF USA Inc. since January 2010.

"SKF USA Inc. places strong emphasis on sustainability and finding new efficiencies in helping its customers reduce total costs of operation, and operates its business in a manner that respects the environment," said David Engstrom, President of SACC-Philadelphia. "SKF USA Inc. and Poul Jeppesen were unanimously selected to receive SACC-Philadelphia's annual award for 2012.  Our Chamber is impressed by their leadership, contribution to trade, and development of innovative products.  We are proud to recognize SKF's accomplishments in promoting sustainable business practices and also pleased that this Swedish company has its U.S. headquarters in the Philadelphia  community."

Poul Jeppesen added, "I am very proud to accept this award on behalf of SKF USA Inc. and our many giving employees that are active in the Philadelphia community and have contributed to numerous organizations including the Starfinder Foundation, United Way, Habitat for Humanity and the American Red Cross.  Just this week, through a matching program inspired by our own employees, SKF was able to send over $11,000 to the American Red Cross Disaster Relief Drive in support of the losses incurred by SuperStorm Sandy in November."

SACC-Philadelphia presented its award to SKF USA Inc. and Mr. Jeppesen at its annual glogg party business mixer held at the Philadelphia Racquet Club.  The event was attended by over 70 guests.  Many distinguished members of the Philadelphia and Scandinavian business community attended this event.    

About SACC-Philadelphia

SACC-Philadelphia is a non-profit chamber of commerce organization that seeks to promote the exchange of trade and commerce between the Philadelphia Region and Sweden.  SACC-Philadelphia is one of 18 different regional chapters of the umbrella organization, Swedish-American Chamber of Commerce-USA, based in the United States. The Swedish-American Chamber of Commerce is the second largest European Chamber of Commerce in the United States.  For more information about SACC-Philadelphia, please visit our website www.sacc-philadelphia.org

About SKF USA Inc

SKF USA Inc is part of SKF North America with 29 production facilities, including 4 SKF Solution Factories, and some 6000 employees in the U.S, Canada and Mexico.  The operation accounts for almost one-fifth of SKF's global annual sales which in 2011 were SEK 66,216 million (approx. 10 BUSD) and the number of employees was 46,039. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. www.skf.com.

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SOURCE SKF USA Inc.

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