SKF inaugurates its 10th factory in China

SKF inaugurated today its wholly-owned automotive components facility, SKF (Shanghai) Automotive Technologies Co. Ltd., in Anting Auto Town, Shanghai.

This new factory is part of SKF’s global strategy to further strengthen the presence in China, as well as increasing the capacity and competitiveness in the Asia region as a whole. Quality and product performance will be kept fully aligned with SKF high international standards, using state-of-the-art machines, material and highly skilled employees.

USD 25 million has been invested in two channels producing hub bearing units for cars.

An automotive technology centre will also be built in this facility to support SKF strategic growth in China.

In order to service the vehicle service market segment in China, kitting and packing operations will be made within the same facility.

The other nine SKF factories in China are located in Beijing, Shanghai, Dalian and Wuhu.

Göteborg, 9 September 2008

Aktiebolaget SKF
(publ.)





AB SKF may be required to disclose the information provided herein according to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.30 am CEST on 9 September 2008.







For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile:
+46 706-973260, e-mail: ingalill.ostman@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46 705-181994,
e-mail: marita.bjork@skf.com






SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group’s service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributors worldwide. The Group’s annual sales 2007 were SEK 58,559 million. The number of employees was 42,888.