SKF invests further SEK 400 million in ball bearing manufacturing in China
Gothenburg, 17 June 2020: SKF is making further investments in strengthening its manufacturing footprint in China for ball bearings. The investment is in-line with the Group’s region-for-region manufacturing strategy. The Group announced a SEK 370 million investment in a new factory in Xinchang in June 2019. With the factory now operational, a further SEK 400 million is being invested in expanding the site. Patrick Tong, President, Industrial Sales Asia, says: “We have made great progress in China, the world’s largest market for deep groove ball bearings, over the last two years,