SKF consolidates manufacturing in China; invests in new facility

Gothenburg, 22 November 2018: 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.

Aktiebolaget SKF
     (publ)

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
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2017 were SEK 77 938 million and the number of employees was 45 678. www.skf.com  

® SKF is a registered trademark of the SKF Group.

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