SKF Announces Investments In Manufacturing & Engineering Capabilities In Asia

SKF announced investments in its manufacturing and engineering capabilities in Asia. The Investment of 1.25 billion Swedish kronor will increase capabilities and competitiveness across China, India and Southeast Asia.

In China, SKF has consolidated its manufacturing footprint from 16 to nine manufacturing sites in the last four years.

As part of the Group's ambitions to increase its competitiveness and service offer for large- and medium-size bearings, an investment program totaling 1 billion kronor is ongoing at SKF's Dalian factory in China, which is being expanded and modernized in several phases. The next phase of expansion will be completed during 2024, increasing capabilities in several industrial segments.

Henry Wang, President, China and Northeast Asia, says: "Investing in our local manufacturing and engineering hubs is an important step in strengthening our ability to support our customers in one of the largest bearing markets in the world."

In India and Southeast Asia, SKF is investing 250 million kronor, to improve its local manufacturing capabilities. A stronger deep-groove ball bearing and hub bearing unit offer will be created for general industrial and automotive applications across the region.

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