total investment SEK 1.25 billion Increase overall capability and competitiveness China, India When Southeast Asia
Gothenburg, November 24, 2022: SKF continues to increase its capabilities across the region. Asiathrough selective investments in local manufacturing and engineering capabilities.
of China, SKF has consolidated its manufacturing sites from 16 to 9 in the last four years. This process has resulted in modern manufacturing capabilities with design, development and test capabilities that support the application-specific needs and speed-to-market requirements of local customers.
As part of the Group’s goal to strengthen the competitiveness and service offering of large and medium SEK billion is in progress at SKF’s Dalian the factory of China, which has been expanded and modernized in several stages. The next phase of expansion will be completed in 2024 and will increase capacity in several industry segments.
Henry Wangpresident, China When Northeast Asiasaid: “Investing in a local manufacturing and engineering hub is an important step in strengthening our ability to support our customers in one of the world’s largest bearing markets.”
of India When Southeast Asia, SKF are investing SEK 250 million, improve local manufacturing capacity, strengthen supply chain networks and accelerate regionalization. These investments will create a stronger deep groove ball bearing and hub bearing unit offering for general industrial and automotive applications throughout the region.
Manish Vatnagarpresident, India When Southeast Asiasaid: India When Southeast Asia.”
Actie Boraget SKF
For more information, please contact:
push: Theo KelbergDirector, Press Relations
Phone: 46 31 337 6576, Mobile: 46 725-776576, Email: firstname.lastname@example.org
Investor Relations: Patrick StenbergHead of Investor RelationsPatrick Stenberg46 31-337 2104; 46 705-472 104; email@example.com
SKF’s Our mission is to be the undisputed leader in the bearing business. We do this by providing solutions that reduce friction and CO2 emissions while improving machine uptime and performance. Our rotating shaft products and services include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is sold in over 130 countries and has approximately 17,000 distributors worldwide. Annual sales in 2021 are SEK 81,732 million The number of employees was 42,602. www.skf.com
® SKF is a registered trademark of SKF Group.
(c) Sision 2022. all rights reserved. , sauce Press Release – English