Your location:  Home  >  Bearing News  >  
<<  Back

SKF Closes Bearing Plant in Thomery, France

Resource from:  www.ebearing.com Likes:2984
Jun 15,2004
SKF France SA (a wholly-owned subsidiary of SKF AB, Sweden) closed its small ball bearing and thin section bearing plant in Thomery, France. Part of SKF Electrical Division, the Thomery facility employed over 200 people and recorded annual sales totaling USD $27 million. Production has been transferred to other SKF facilities, primarily in France. SKF acquired the Thomery plant in 1977 as part of its acquisition of Applications Du Rulement (ADR). At the time, Thomery had only 77 employees. The plant closing will cost approximately $17.6 million. SKF France President Jean Tournoux said, "This restructuring is necessary to improve the productivity and thus the competitiveness of the product range of small ball bearings and thin section bearings presently made at the Thomery Plant." In mid-2003, SKF's Electrical Division identified enhanced profitability as a key near-term operating target, with plant consolidation the preferred direction. The division recorded an operating margin for 2003 of only 3.3%, down from 6.2% in 2002. Electrical Division is a high-profile operation because the profitability has a leveraged impact on the rest of SKF; more than 70% of the bearings produced by Electrical Division are sold by other SKF divisions.
(www.ebearing.com)
【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.
Previous  Schaffler develops energy-efficient bearings

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.