SKF opens development centre for two-wheelers in India

SKF opens development centre for two-wheelers in India SKF has decided to set up a development centre for two-wheelers, located in Bangalore, India. The decision to set up the centre is based on the importance of India as a two-wheeler market and by the fact that of the 24 million two-wheelers produced globally every year, 20 millions come from Asia. The centre will focus on the development of completely new technologies, as well as on optimisation of the existing product range. It will support the SKF two-wheeler customers worldwide with competences and facilities such as application engineering, product and system design, advanced calculation and simulation, manufacturing of prototypes, testing and validation. With this investment SKF strengthens its role as a global partner to the two-wheeler industry as well as its commitment to the Asian Market and in particular India. The centre will be part of the SKF Electrical Division and the initial number of employees will be 10 and the investment to equip the centre will be some 10 MSEK. Göteborg, March 13, 2003 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541, e-mail: Lars.G.Malmer@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden, tel. +46 (0)31 337 1000, fax +46 (0)31 337 2832, www.skf.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/13/20030313BIT00310/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/13/20030313BIT00310/wkr0002.pdf