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The eBearing News
December 22, 2005
SKF Reorganizes to Three Divisions from Five
copyright © 2005 eBearing Inc.
SKF AB (Sweden) has announced several major changes to its organization, primarily a strategic
reorganization which will reduce its operating divisions from five to three, in the process
undoing some of the organizational changes made in recent years.
As of January 1, the Aero and Steel Division and the Electrical Division will both be eliminated.
Their operations will be divided between the Industrial Division and Automotive Division.
SKF will maintain its Service Division, but it will not absorb any new operations.
Aero and Steel was created in early 2002 from several different SKF operations: Aeroengine Bearings,
Airframe Components, CR Aerospace, Forgings and Rings, and Ovako Steel. At the same time in 2002,
the Chicago Rawhide seal operations were reorganized and broken up among
Automotive, Industrial, Electrical, and the new Aero and Steel.
article: SKF reorganizes, forms Aero & Steel Division
Aero and Steel's Ovako Steel business has already been spun off. Aeroengine Bearings, Airframe Components
and CR Aerospace will transition to the Industrial Division. The Forgings and Rings operation will
transfer to the Automotive Division.
Electrical Division primarily involves the manufacture and sale of small automotive-size ball bearings
and seals, all of which will be transferred to the Automotive Division. Electrical's medium size ball
bearings, which are primarily sold into industrial markets, will transfer to the Industrial Division.
Kaj Thoren, currently President of the Aero and Steel Division, will help oversee the transition
until his retirement in mid-2006.
Giuseppe Donato, currently President of the Electrical Division, will become a Senior Vice President
handling mergers and acquisitions.
In 2006, SKF will be back to three divisions, relatively evenly weighted in sales.
Automotive Division -- headed by Tryggve Sthen -- is primarily involved in
manufacturing and sale of bearings and components to
the automotive, light truck, heavy truck, bus, vehicle component suppliers, aftermarket service,
motorcycles and motorbikes. Its markets, however, also include light industrial tools, household
appliances, electric motors and similar products. Automotive Division primarily manufactures tapered
roller bearings, wheel hub bearing units, small ball bearings, related seal sizes, forgings, specialty
automotive components, and complete repair kits for the aftermarket. After the realignment, Automotive
Division sales will represent approximately 36% of SKF's sales worldwide.
Industrial Division -- headed by Henrik Lange -- is primarily involved in
manufacturing and sale of products to industrial OEM
customers, involving development and manufacture of a wide array of bearings, primarily
spherical and cylindrical roller bearings, angular contact bearings, medium size ball bearings,
linear motion bearings, aircraft and airframe bearings, and rail bearings. The division's products also
include value-added lines, such as couplings, lubrication systems and mechatronics products. After
the realignment, Industrial Division will represent approximately 31% of SKF's sales worldwide.
Service Division -- headed by Phil Knights -- is involved in industrial
aftermarket sales, through a network of some 7,000
direct distributors worldwide. Service also handles value-added services such as knowledge-based solutions
and logistics services. After the realignment, Service Division sales will represent approximately
33% of SKF's sales worldwide.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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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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