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The eBearing News
September 8, 2003
SKF Brazil Reports Strong First Half Results
copyright © 2003 eBearing Inc.
SKF do Brasil (Brazil, a subsidiary of SKF AB, Sweden) reported first half 2003 sales were R$94 million
(USD $31.9 million), up 30% from 2002. With a plant in Cajamar, 30km north of Sao Paulo, SKF do Brasil
employs approximately 500 people and now has grown to represent at least 2% of SKF's worldwide sales.
While the Brazilian economy remained weak, Donizete Saints, Director of Industrial Sales, indicated SKF was
able to increase sales by focusing on export-oriented business segments.
Petrochemical companies, paper, cellulose, agriculture,
and mining equipment are all export-oriented market segments for SKF which improved during 2003.
SKF sold 4.8 million industrial bearings in Brazil during 2002; in 2003, the company expects to sell
more than 7 million industrial bearings. Overall, forecasts for full-year 2003 sales are up
at least 20% from 2002.
Industrial bearings are the company's strongest segment; SKF controls 25% of the industrial bearing
market in Brazil, representing 55% of SKF do Brasil's sales. The remainder of SKF's bearing sales in Brazil
come from auto manufacturers and the automotive aftermarket.
The Power Transmission Alliance (PTA), a joint venture of SKF and Goodyear which launched in 2002, is on
track to generate sales of up to R$500 million (USD $170 million) over the next five years.
Related SKF do Brasil News
• SKF do Brasil recently received Fiat's Five Star award for being their best supplier in Brazil
for the past five years.
• Automotive hub assemblies for the Ford Fiesta are being produced in the Cajamar plant
article: SKF invests to expand hub production in Brazil
• SKF and ZF Sachs recently formed a partnership in Brazil to test a marketing joint venture, with the aim of
improving automotive aftermarket sales and market penetration for both companies
article: SKF and ZF Sachs form marketing partnership in Brazil
• As of September 1, 2003, SKF do Brasil's President, Alrek Danielson, moves to Sweden to succeed Christer
Gyberg as President of SKF Industrial Division.
article: SKF announces senior management changes
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
trademarks of eBearing Inc.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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