In China the company is building a SEK400 million factory for medium size bearings to serve customers within the renewable energy, metalworking, off-highway, electric motors and industrial transmission industries.
“Our business in Asia continues to develop very positively which makes an investment of this kind important to further support our growth in the region,” said Tom Johnstone, SKF President and CEO. “This step strengthens our manufacturing base and reinforces our commitment to this market.”
The new 12 000 m2 facility is expected to come into operation in 2011 and will employ 250 people.
The new SEK 160 million factory in India will cover seals manufacture and will serve customers within the automotive, railway and industrial applications segments. It will be fully operational by the second half of 2012 and will employ about 600 persons in total. According to the company, demand is rapidly growing mainly from SKF customers in India but also from customers in other geographical areas. The new Mysore factory will be part of SKF Technologies (India) Pvt Ltd.
