Start local production of constant velocity joints essential for increasing FF vehicles
NTN Corporation (hereafter, NTN) announces the signing of a joint venture agreement with PT. Inti Ganda Perdana (he…
The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power tra…
Niclas Rosenlew has been appointed Senior Vice President and CFO of AB SKF. Niclas will start his new position on 17 June 2019 and replaces Christian Johansson, who leaves SKF with immediate effect, to pursue his career outside the company.
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Following a consultation process with local employee representatives, SKF confirms the proposed closure of its factory in Stonehouse, UK. The proposal was made in December 2018 as part of a wider consolidation of the Group’s aerospace manufacturing footprint in Europe.
Staff reductions connected to automation investments in Bari will result in restructuring costs of approximately SEK 140 million in the second quarter of 2019.
SKF is investing approximately SEK 450 million in improving the competitiveness of its deep groove ball bearing (DGBB) offering. This includes shifting some production …
