SKF Moves Automotive Seals From Elgin
Resource from: CBCC Likes:2962
Dec 02,2008
SKF AB (Sweden; Stockholm: SKFA) announced the latest steps in its ongoing seal business restructuring, exacerbated by continued weakness in the North American auto industry.
The former Chicago Rawhide / CR Seals manufacturing plant in Elgin, Illinois will lose its automotive seal production. The product line is being moved to other SKF facilities: SKF Sealing Solutions plants in Hobart, Oklahoma and/or Seneca, Kansas; and Guadalajara, Mexico.
The Guadalajara plant, formerly CR Mexicana, manufactures a broad spectrum of automotive, truck and industrial seals. CR acquired full control of the plant in mid-1998.
As production migrates from Elgin, over a third of the plant's workforce will lose their jobs -- leaving just 270 of the current 430.
SKF will take a charge of SEK 35 million in this quarter for the move, followed by SEK 25 million in 2009. By 2010, the company said it expects to be saving in the range of SEK 30 million per year.
SKF acquired Chicago Rawhide / CR Industries in 1990.
In 2001, SKF started breaking up CR Seals and spreading the operations across existing SKF divisions.
In the move, automotive seals moved under SKF Automotive as it inherited CR Americas, CR Asia, and CR Automotive Europe.
Then in 2002, SKF closed the CR bearing seal plant in Bethlehem, Pennsylvania and moved production to RFT in Italy under the Electrical division.
In 2003, SKF closed the CR industrial seal plant in Franklin, North Carolina.
In 2005, SKF announced it was eliminating the Chicago Rawhide and CR brands in favor of its worldwide monobranding strategy as simply SKF.
Also in 2005, SKF closed the CR automotive seal plant in Springfield, South Dakota, even then citing weakness in the North American auto industry. Springfield's seals moved to Elgin and are now among the production being moved again.
()
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
