SKF sells the cage factory in Gothenburg to Japanese company NKC
SKF Sverige AB has entered into an agreement which transfers the cage production in Gothenburg to the Japanese component manufacturer Nakanishi Metal Works CO., Ltd. (NKC).
The factory is located in SKF's production area in Gothenburg and has 130 employees.
- This sale is part of the Group's long-term strategy of selling off component manufacturing which doesn't belong to the core business. We see it as very positive that a recognised supplier is taking over the cage manufacturing in Gothenburg and is planning to invest in and develop the operation, says Eva Karlsson, Managing Director SKF Sverige AB.
NKC was founded in 1924 and is a world leader in cage manufacturing and pressed steel components, as well as plastic and rubber processing. SKF declared NKC its best supplier of 2007.
Cage manufacturing in Gothenburg will constitute a manufacturing and sales base in Europe for NKC’s European customers. The company intends to continue manufacturing products in the existing premises and will also continue to supply SKF's production in Gothenburg and elsewhere.
SKF in Gothenburg produces spherical roller bearings. The cage is the component in the bearing that keeps the rollers in place between the inner and outer rings.
The cage factory in Gothenburg manufactures cages for SKF's production units in Gothenburg, Luton (UK), Hanover (USA), Nilai (Malaysia) and Schweinfurt (Germany).
Gothenburg, 3 February 2011
Aktiebolaget SKF
(publ)
| AB SKF may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 3 February 2011 on 08.30 am CET. |
For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile:
+46 706-973260, e-mail: ingalill.ostman@skf.com
Gösta Andersson, Communicataion SKF Sverige AB, tel +46 31-337 30 60, mobil: +46 705-98 68 99, e-post: gosta.andersson@skf.com
IR: Marita Björk, SKF 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 2009 were SEK 56,227 million and the number of employees was 41,172. www.skf.com