SKF continues to grow in China. New factory to be built in Dalian
Resource from: CBCC Likes:2957
Apr 04,2005
SKF has decided to strengthen its manufacturing capacity in China to respond to the growing demand from the domestic Chinese market, as well as to support its markets outside China. A new wholly owned subsidiary, SKF (Dalian) Bearings and Precision Technologies Co., Ltd., will build a completely new factory in the Dalian Economic & Technological Development Area in the North East of China. This new factory will manufacture and recondition large size bearings of different types.
The first phase of the factory will be finished in 2006 and the number of employees will initially be 85. The factory and the manufacturing will be increased stepwise until reaching full capacity and then the factory will employ some 240 persons.
The new company will serve customers segments such as metalworking, power generation, mining and construction.
At the same time it has been decided to increase the capacity in the joint venture for the automotive industry in Shanghai, where SKF holds 70 percent, with one new channel for hub bearing units. The manufacturing will also be moved to a new site in Shanghai.
In the joint venture, for deep groove ball bearings for the electrical industry, where SKF holds 60 percent, also in Shanghai, the capacity will be increased by two new channels. This is in order to respond to increased demand both from the local market as well as from other Asian markets.
SKF's total investment for these three projects amounts to some SEK 500 million.
- We have during the last years been growing with good double digit figures in China, says Tom Johnstone, President and CEO of SKF. To be able to continue to grow with good speed and also to improve our market position in China we need to strengthen our manufacturing capacity in the country. Long term we also see China as an excellent base for exporting both components and products to the rest of the world.
()
【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.
