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The eBearing News
April 1, 2005
SKF Building New Bearing Factory in China
copyright © 2005 eBearing Inc.
SKF AB (Sweden) announced today it will be building a new bearing factory in Dalian
province, northeast China. In addition, it will invest and expand capacity at two other
plants near Shanghai.
SKF (Dalian) Bearings and Precision Technologies Co., Ltd., has been established as a wholly-owned
subsidiary of SKF AB, and will build the new plant in the
Dalian Economic & Technological Development Area.
The new factory will manufacture and
recondition large size bearings of different types. It will serve market segments in
metalworking, power generation, mining, and construction.
Initially employing approximately 85 workers, the first phase of the Dalian factory is scheduled to
come online in 2006. The remainder of the facility will be built and brought online in stages,
at full capacity employing approximately 240 people.
Along with the Dalian plant announcement, SKF said it has launched a program to
increase wheel hub bearing production at its automotive bearing factory in Shanghai,
a 70%-owned joint venture. To accommodate the expansion, manufacturing will be moved to a new, larger
site in Shanghai.
Finally, its other Shanghai facility, 60%-owned, SKF Shanghai Bearings Co., Ltd.,
manufactures
deep groove ball bearings for electric motors and household appliances. Capacity
there will be increased with the addition of two new production lines.
SKF said the expansion is necessary to meet increased demand from both local markets and other Asian markets.
This plant was announced in 2003
article: SKF opens bearing factory in China
SKF did not disclose the Dalian plant investment or cost of the additional investments in Shanghai,
only that the total over the near-term for the three projects is expected to be
in the range of SEK 500 million (USD $70 million).
President and CEO Tom Johnstone said, "We have during the last years been growing with
good double digit figures in China. 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."
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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
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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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