Chicago Rawhide expands in Mexico

Chicago Rawhide expands in Mexico SKF's North American subsidiary, Chicago Rawhide, is expanding its operations in Mexico. This is being achieved through the acquisition of all of the shares outstanding in CR Mexicana, a production and sales company in which Chicago Rawhide formerly held a minority interest. Chicago Rawhide is one of the world's leading seals production companies, with manufacturing plants in the United States, Europe and Asia. The Mexican plant, which is situated in Guadalajara, the country's second largest city, has annual sales of about SEK 85 m, with approximately 300 employees. The company's principal customers are found within the Mexican automotive industry, mainly in the after-market segment. Göteborg, August 24, 1998 Aktiebolaget SKF (publ.) For further information, please contact: Åke Svanberg, SKF Group Communication, tel +46-31-3372005 Lars G Malmer, SKF Group Communication, tel +46-31-3371541 Aktiebolaget SKF, SE-415 50 Göteborg, Sweden tel: +46-31-3371000, fax: +46-31-3372832, www.skf.com