GOTHENBURG, Sweden,
Nov. 22, 2018 /PRNewswire/ -- SKF is
investing approximately SEK 200
million in improving its competitiveness and customer
service levels for tapered roller bearings (TRB) in China. The investment is being made in a new
manufacturing facility in Changshan, to which the Group's existing
small-size TRB manufacturing in China will be transferred. As a result, three
existing sites in Ningbo,
Shanghai and Changshan will be
closed.
Patrick Tong, President,
Industrial Sales, Asia, says: "The
tapered roller bearing market in China continues to show solid levels of
growth, driven largely by the industrial gearbox and drives
segments. The investment in Changshan allows us to capitalise on
this trend by bringing our SKF, GBC and PEER brands and expertise
together, under one roof."
The new manufacturing facility in Changshan is expected to be
fully operational during Q1 2019.
For further information, please contact:
PRESS:
Theo Kjellberg,
Director,
Press Relations
tel: 46-31-337-6576
mobile: 46-725-776576
e-mail: theo.kjellberg@skf.com
INVESTOR RELATIONS:
Patrik Stenberg
Head of Investor Relations
46-31-337-2104
46-705-472-104
patrik.stenberg@skf.com
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http://mb.cision.com/Main/637/2678974/949542.pdf
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Full release in
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http://news.cision.com/skf/i/skf-changshan-trb-factory-ground-level,c2532485
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SKF Changshan TRB
factory ground level
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http://news.cision.com/skf/i/skf-changshan-trb-factory-from-above,c2532486
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SKF Changshan TRB
factory from above
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http://news.cision.com/skf/i/skf-trbs,c2532487
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SKF TRBs
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SOURCE SKF