SKF sells manufacturing of Tapered Bearings in the USA

SKF sells manufacturing of Tapered Bearings in the US SKF has reached an agreement with Roller Bearing Company of America Inc. - RBC - according to which this company buys SKF's operations of tapered roller bearings at the Glasgow plant, Kentucky, USA. The announcement of SKF's decision to exit its manufacturing of tapered roller bearings in the US was made earlier this year. The agreement with RBC means that SKF will continue to source its and CR's sales organisations in North America with tapered roller bearings from the Glasgow plant. Göteborg, June 16, 1999 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel 031-3371541, 0705-371541 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/06/16/19990616BIT00660/bit0001.doc http://www.bit.se/bitonline/1999/06/16/19990616BIT00660/bit0002.pdf