Year in Review 2018 SACC YIR 2018-with-hyperlinks | Page 20

business entrepreneurial award Press Release SKF USA Inc. receives the 2018 Business Entrepreneurial Award from Swedish-American Chamber of Commerce — Philadelphia. November 14, 2018 Philadelphia, PA—Swedish- American Chamber of Commerce — Philadelphia (“SACC-Philadelphia”) has selected SKF USA Inc. to receive its annual Business Entrepreneurial Award 2018. The award was introduced by the Chamber in 2010, and seeks to recognize companies or individuals that have made a significant contribution to the exchange of trade and commerce between Scandinavia and the Greater Philadelphia Region—as well as important contributions toward innovation and technological advancement, corporate social responsibility and sustainable business practices. This is the second time SACC-Philadelphia has recognized SKF USA Inc. with the award, due to the company’s strong focus on sustainability and BeyondZero thinking—aiming to reduce environmental impact of both their own and their customers’ operations. Furthermore, SACC- Philadelphia selected to recognize SKF USA Inc. because they continue to make important contributions toward corporate social responsibility, as well as providing their employees with equal opportunities for personal and professional growth. “With their BeyondZero thinking, SKF have managed to reduce their energy use and CO2 emissions across their entire value chain. Their climate strategy and commitment to sustainability in their business practices is a true inspiration to corporations across the world. The decision to recognize SKF with the Business Entrepreneurial Award a second time was therefore made unanimously by SACC-Philadelphia’s executive committee,” said Maria The award was presented to SKF USA Inc. at SACC- Philadelphia’s annual Glögg Party on November 14, 2018—a Holiday Business Mixer held at the Racquet Club of Philadelphia in Center City. “On behalf of the entire SKF organization—thank you! We are very fortunate to have a partnership with the Swedish- American Chamber and we appreciate all your efforts for Sweden, for America, for Philadelphia and for bridging a divide that is not that big anymore,” said Ted Barry, Vice President and General Counsel of SKF USA Inc., who accepted the award on behalf of SKF. About SKF USA Inc. SKF was founded in Sweden in 1907, and has been a leading global technology provider ever since. They are present in over 130 countries and employ 45,000 people across the world. SKF supplies products, customer service and solutions in the field of rolling bearings, seals, lubrication and mechatronics. Their North American Headquarter is located in Lansdale, Philadelphia. About Swedish-American Chamber of Commerce — Philadelphia Swedish-American Chamber of Commerce — Philadelphia (“SACC-Philadelphia”) was founded in 1999 and is a non-profit organization that seeks to promote an exchange of trade, technology and culture between Scandinavia and the Greater Philadelphia Region. The Chamber is one of 20 regional chapters of the umbrella organization Swedish-American Chamber of Commerce — USA. For more information about SACC-Philadelphia, please visit our website www.sacc-philadelphia.org. Johansson, Vice President of SACC-Philadelphia. 20 sacc-philadelphia year in review 2018