SKF invests SEK 400 million in Airasca, Italy
Gothenburg, 4 March 2021: SKF is investing SEK 400 million in expanding and modernizing its manufacturing facility in Airasca, Italy. The investment will bring the manufacturing of super-precision bearings (SuPBs) for industrial applications into the Group’s largest manufacturing site in Italy, through a significant new-build expansion.
As part of the investment, fully automated manufacturing channels for the production of SuPBs will be installed in Airasca. The first of these is expected to be operational during 2022.
The investments in automated manufacturing processes will enable the consolidation of the Group’s existing manufacturing sites in Northern Italy, impacting two other factories.
The factory in Pianezza, currently manufacturing super-precision bearings, will be consolidated into Airasca.
The factory in Villar Perosa, which currently manufactures a range of products, will continue to focus on bearings for the railway and aerospace industries, with production of super-precision bearings transferred to Airasca.
Kent Viitanen, President, Bearing Operations, says: “This investment will make our customer offering within super-precision bearings one of the strongest on the market. Through automated manufacturing and quality control processes, we will greatly improve both the flexibility of our offer and performance of our products.”
For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: email@example.com
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; firstname.lastname@example.org
SKF’s mission is to be the undisputed leader in the bearing business. We do this by offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. Our products and services around the rotating shaft include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2020 were SEK 74 852 million and the number of employees was 40,963. www.skf.com
® SKF is a registered trademark of the SKF Group.