The 2020 Mid-Year Economic Update_long

SKF Invests in North America Manufacturing Footprint

Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.
SKF

Bearings manufacturer SKF, Gothenburg, Sweden, announced it is investing approximately SEK 550 million (US$61.7 million) in strengthening its manufacturing footprint and competitiveness in North America.

Approximately SEK 350 million (US$39.3 million) is being invested in expanding and automating manufacturing processes at the group’s factory in Sumter, South Carolina.

A further SEK 200 million (US$22.5 million) is being invested in localizing manufacturing of Tapered Roller Bearings (TRBs) from China to an existing manufacturing site in Mexico. The transfer supports the group’s regional manufacturing ambitions and will strengthen SKF’s North American product offering.

The resulting improvements in flexibility and service levels enable the group to consolidate its factories in Avon, Ohio, and North Charleston, South Carolina, into the Sumter factory.

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