SKF sells forging unit in Arvika

SKF sells forging unit in Arvika SKF has sold its forging unit SKF Arvika AB in Sweden to Novaterra Co. Ltd. Novaterra is an Irish company in the forging and foundry business with interests in France and Germany supplying automotive and other industries. SKF Arvika, with yearly sales of some MSEK 200, was part of SKF's Steel Division. Göteborg, July 9, 1999 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-31-3371541, e-mail: Lars.G.Malmer@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden tel +46-31-3371000, fax +46-31-3372832, www.skf.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/09/19990709BIT00350/bit0001.doc http://www.bit.se/bitonline/1999/07/09/19990709BIT00350/bit0002.pdf