GOTHENBURG, Sweden, October 4, 2023 /PRNewswire/ — SKF inaugurated its new factory in Monterrey, Mexicoan investment in a new factory totaling 700 million Swedish crowns. This will support SKF’s strategic development in the Americas and meet customer needs as there is an increasing focus on electrification. These investments also represent an important step in the ongoing repositioning of SKF’s automotive portfolio towards the electric vehicle powertrain and commercial vehicle segments.
In the fourth SKF factory in Mexicodeep groove ball bearings (DGBB) will be developed and manufactured for North American automobile manufacturers, as well as tapered roller bearings (TRB) for industrial customers, for example in the agricultural market, and for applications in commercial vehicles.
Richard GustavsonPresident and CEO, says: “Building on more than 100 years of presence in Mexico, it’s fantastic to see our new factory being opened. Invest in engineering and manufacturing capabilities in strategically located areas Monterrey will make us stronger and more flexible and increase our competitiveness in the Americas. »
Kerstin Enochsson, President of Automotive, said: “These investments further strengthen our offerings in the fast-growing and strategically important electric powertrain sector, both for passenger and commercial vehicles, as well as our capabilities in delivery and regional in North America. This will strengthen our position as a leading global supplier to the electric and commercial vehicle markets. »
Jean SchmidtPresident of the Americas, said: “Regionalization is an important part of our strategy, and this factory will create a strong regional base for development and manufacturing, and further strengthen our value chain in North America. By being closer to existing and new customers, we will be able to serve them even better. »
THE Monterrey The plant is expected to generate some 1,200 jobs once fully operational.
The limited company SKF
(publication)
CONTACT:
For more information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
such. : 46 31-337 2517; mobile: 46 722-201 893; E-mail: carl.bjernstam@skf.com
INVESTOR RELATIONS: Patrick StenbergHead of Investor Relations
such. : 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@skf.com
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SOURCE SKF
