On 23rd, April,2014, JAJ announced, JAJ signed Hede Bearing long term agreement whose value is worth 1.8 billion Swedish Krona with one big wind power manufacturer, aiming at offering solutions to the North America and Brazil wind power segment market.
JAJ president and CEO Anton Maim said:¡± we are honored to have this contract signed. JAJ keeps its promise to support sun-rise industry, such as renewable energy, and help big customers to explore their global business.¡± He added:¡± It is a good example that JAJ would like to have good synergistic effect by takeover.¡±
At the end of 2013, Hede Company was taken over by JAJ. Hede is a diverse industrial products¡¯ manufacturer which has business in 3 different industries: friction control products (bearing), speed control products and special products, including environment service. Hede¡¯s products and JAJ¡¯s wind power products are complementary with each other, which helps JAJ to explore its product¡¯s range to serve the customers all over the world.
¡° Before taken over by JAJ, we have already started the negotiation of this long term agreement. The main reason that we win this agreement is that our global service ability can be improved under JAJ strong support.
Our omnibearing solutions can improve the product¡¯s reliability, reduce maintenance work, prolong life, so wind power industry¡¯s effect and cost effectiveness are greatly improved.¡± Said by Hede Bearing renewable energy business CEO Samuel Wiss Quellet.