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The eBearing News
November 5, 2004
SKF Opens Industrial
Services Center in Moscow
copyright © 2004 eBearing Inc.
SKF AB (Sweden), the world's largest bearing manufacturer, has opened an Industrial Services
Center in Moscow -- its first in Eastern Europe.
The Service Center will include bearing reconditioning equipment and spindle service for
machine tools.
SKF, founded in 1907, entered the Russian market in 1914 with its 35th international sales office.
Forced to abandon Russia in 1920, SKF returned 71 years later, opening a sales office there in 1991.
In 1995, SKF had acquired an 80% stake in Poland's FLT Poznan. Poland is the second-largest bearing
market in Eastern Europe after Russia.
In 1997, SKF acquired the Lutsk Bearing Plant in the Ukraine as a, "platform for the emerging markets
within Central and Eastern Europe." Built in 1991, the plant produces a wide
variety of bearings for automotive, truck, industrial and agricultural applications.
Key markets for SKF today in Russia are industrial distributors, the metalworking industry, industrial
electrical equipment manufacturers, pulp and paper processing, and the oil and gas industry.
In recent years, SKF said its sales in Russia alone have been growing at a compound rate of 20%; the country
remains the largest and most important developing market in Eastern Europe.
Adding the Industrial Services Center is the next step in Russia; located in a 1,500 square meter facility
in southern Moscow, "it is equipped to be able to help customers to meet the demands of the rapidly growing
industry, to improve manufacturing processes reliability, productivity and quality, as well as optimize
asset utilization."
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- by Bruce A. Carr
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Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
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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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