2008-07-15 02:21:00
STOCKHOLM, Sweden–(EMWNews)–Regulatory News:
SKF is investing approximately 400 million Swedish kronor in its
facilities in Göteborg for a further
increase of capacity.
SKF (STO:SKFB) (STO:SKFA) (LSE:SKFB) (NASDAQ:SKFR) is investing
approximately 400 million Swedish kronor in its facilities in Göteborg
for a further increase of capacity. Investments include a new production
line for large size bearings, a new plant for the heat treatment of
components for the new production line as well as new equipment for the
production of rolling elements.
SKF in Göteborg supplies products to the
mining, energy, pulp and paper industries, among others. The production
volume has grown considerably during the last few years thanks to the
strong sales development of the company’s
products. The new production line for large size bearings will deliver
products mainly to the European market. It is expected to be ready for
production during 2010.
The new investment will mean that a further 40 people will be needed for
the plant in Göteborg. A number of measures to
make the production more energy efficient will also be implemented. This
new investment of 400 million Swedish kronor is in addition to the one
announced in February last year, also aimed at increased production. The
construction and installations as a result of that investment are
ongoing and expected to be completed by the end of the year.
Göteborg, 15 July 2008
Aktiebolaget SKF (publ)
AB SKF may be required to disclose the information provided herein
according to the Securities Markets Act and/or the Financial Instruments
Trading Act. The information was submitted for publication at 09.00 am
on 15 July 2008.
SKF is a leading global supplier in the areas of bearings, seals,
mechatronics, services and lubrication systems. The Group’s
service offer includes technical support, maintenance services,
engineering consultancy and training. SKF is represented in more than
130 countries and has 15,000 distributor locations worldwide. The Group’s
annual sales 2007 were SEK 58,559 million. The number of employees was
42,88
Aktiebolaget SKF, 415 50 Göteborg, tel:
031 337 1000, fax 031 337 1722, www.skf.com
This information was brought to you by Cision http://newsroom.cision.com
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SKF 31-337 3260 [email protected] Björk, +46 31-337 1994 Relations |
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