SKF inaugurates new bearing and hub unit factory in Jinan, China

SKF today inaugurated its new bearing and hub unit factory in Jinan, Shandong Province in China. The new factory will support the continued growth of SKF’s business in China and Asia.

The factory, built according to the Leadership in Energy and Environmental Design (LEED) standard will provide tapered roller bearings and SKF Split Truck Hub Units for the truck market, as well as serve the industrial markets and the vehicle aftermarket. The investment amounts to around SEK 590 million. The factory is now operational and employs around 500 people.

“We are happy to see our factory investment in China support the growing truck business in the entire Asian region. Being close to our customers with both local production and engineering support is a high priority, both from a customer need and from a sustainability standpoint,” says Tryggve Sthen, President, SKF Automotive.

SKF developed the SKF Split Truck Hub Unit to meet the current and future needs of the commercial vehicle industry to raise productivity through longer service life and reduced maintenance. The unit consists of a split outer ring enabling a cost effective manufacturing process, meeting local customer requirements.

Gothenburg, 13 September 2012

Aktiebolaget SKF
       (publ)

For further information, please contact:
PRESS: Rebecca Janzon, Director, Press Relations
tel: 46 31 337 2400, mobile: 46 727-173880, e-mail: rebecca.janzon@skf.com

INVESTOR RELATIONS: Marita Björk, Head of Investor Relations
tel: 46 31-337 1994, mobile: 46 705-181994, e-mail: marita.bjork@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 15,000 distributor locations worldwide. Annual sales in 2011 were SEK 66,216 million and the number of employees was 46,039. www.skf.com

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