World Bearing News

SKF Group completes divestiture of metallic rods operation to Precision Castparts Corp.

Resource from: SKF Group 04 Jul,2013
SKF's divestiture of its metallic rods business to US-based Precision Castparts Corp. is now closed. Precision Castparts Corp. (PCC) acquired the operations for around EUR 40 million on a cash and debt free basis. This includes the sale of the operations at the SKF sites in St. Vallier sur Rhône, France and Monroe, Washington in the USA.

During 2012, sales from these two sites were around EUR 46 million. The sale affects around 230 employees in France and around 25 in the US.

SKF Aerospace provides highly engineered, customized solutions to aircraft, helicopter, engine, and system manufacturers, including main-shaft and transmission bearings, seals and precision elastomeric devices.

Aktiebolaget SKF
(publ)

For further information, please contact:
Media Hotline: +46 31 337 2400
Press Relations: Rebecca Janzon, +46 31-337 3880; +46 727-173 880; rebecca.janzon@skf.com
Investor Relations: Marita Björk, +46 31-337 1994; +46 705-181 994; marita.bjork@skf.com


SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,757 million and the number of employees was 46,775. www.skf.com
(SKF Group)
(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:  Premiere: Schaeffler Location in China Receives EMAS Registration
Next:  Dana Holding Corporation to Announce Second-Quarter 2013 Financial Results, Host Conference Call and Webcast on July 25

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.

Home    Join    Help
Global Buyers
Product Catalog
Demand & Offer
Bearing Store
Home
Member Centre
My CBCC
Join Us Now
Apply Free Trial Now!
Quick Supplier Index