SKF invests $100 million to increase production capacity
Gothenburg, Sweden -- The SKF Group is investing approximately 600 million Swedish kronor (C$100 million) in its fa...
Gothenburg, Sweden — The SKF Group is investing approximately 600 million Swedish kronor (C$100 million) in its facilities in Gothenburg, Sweden, where the company’s head office is based, to increase its production capacity.
Investments include two new bearing channels, two roller channels, a new heat treatment plant, new machining equipment for the production of cages, and upgrading of several bearing channels.
The production volume in Gothenburg has had good growth over the past few years, as a result of strong sales development of the company’s products. During 2006, volume increased by about 10%.
During the past few years, the factories in Gothenburg have hired some 200 new employees, although a significant increase in new employment numbers as a result of the latest investment is not expected.
SKF in Gothenburg supplies bearing products to industrial segments such as energy, pulp and paper, and mining. The energy and mining industries have both experienced strong growth over the past few years, which has meant added pressure on the factories and consequently the need for an increase in capacity. SKF has identified the plant’s most important markets as Europe and Asia.
Included in the investment projects are further environmental improvement measures for more energy-efficient production. The investments, some of which were initiated last year, will be carried out over the next two years. The new heat treatment plant is the single largest investment and is expected to take a couple of years to complete.
SKF in Gothenburg develops and manufactures spherical rolling bearings, high temperature bearings and CARB toroidal roller bearings. In addition, product development for spherical rolling bearings as well as the Group’s unit for process development, are also located in Gothenburg. Production is mainly for export.
The SKF Group employs around 41,000 people, with 2,800 working in Gothenburg. For more information, visit www.skf.ca.