Gothenburg Sweden headquartered global leader in bearings SKF' has announced that a significant milestone has been reached in SKF's journey towards a net-zero value chain. Together with Swedish steel producer Ovako, SKF has produced a Spherical Roller Bearing with 90% less emissions than its standard SRB bearing. The bearing is manufactured in SKF's net zero factory in Gothenburg and uses recycled steel from Ovako's Hofors mill. As an illustration of the companies' collaboration, the bearing has already been installed in a crane at the Hofors mill, where it is one of hundreds of connected bearings that enable smoother operations and less unplanned downtime.The Gothenburg factory is the third SKF factory to achieve net zero status, part of the Group's ambitions to achieve net zero emissions across all its operations by 2030. Thanks to a series of process improvements and investments, Ovako has achieved carbon-neutrality for all its global operations, based on a 97% recycled content and fossil-free electricity.As well as working with suppliers to reduce the carbon footprint of scrap-based steel production, SKF is also working with a range of partners to help realize dramatic reductions and, eventually, net zero emissions from iron ore-based steel production.