SKF 3Q Sales up 3%; Exploring Aerospace Divestments
The bearings maker said it's eyeing the sale of non-core Aerospace product lines, which include seals, rings and PEDs.
SKF 3Q Sales up 3%; Exploring Aerospace Divestments Read More »
The bearings maker said it's eyeing the sale of non-core Aerospace product lines, which include seals, rings and PEDs.
SKF 3Q Sales up 3%; Exploring Aerospace Divestments Read More »
The proposal was made as part of a consolidation of the group's spherical roller bearing manufacturing to secure competitiveness in Europe.
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The bearings manufacturing facility will support SKF development in the Americas and meet customer needs as the focus on electrification increases.
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Despite a sequential slowdown in organic sales growth, the bearings giant was able to accelerate its operating margin growth.
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Bearing and seal manufacturer SKF will consolidate its spherical roller bearing manufacturing by shifting production to Poland.
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SKF says the changes 'further strengthen its commercial focus in the company's journey towards increased profitable growth.'
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The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
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MDM looks at another round of earnings reports from industrial suppliers.
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The next phase of the bearing and seal manufacturer's expansion is expected to complete in 2024.
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MDM looks at third-quarter 2022 earnings reports from Graybar, 3M, Pentair, SKF, Kimberly-Clark and Simpson Manufacturing.
Earnings Roundup: Graybar, 3M, Pentair and More Read More »
Annika Ölme will re-join the bearings maker in October to lead its technology development efforts.
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The company says sales for the third quarter of 2021 were SEK 20.1 billion (US$2.3 billion), 8.3% over the same period in 2020.
The increasingly acquisitive bearings manufacturer has added EFOLEX AB to its portfolio — its second deal announcement in as many days.
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SKF’s addition of Rubico Consulting will be “integrated into SKF’s offer around the rotating shaft, as well as powering new technology areas such as bearings with fiber-optic sensors,” the company said
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Bearing manufacturer SKF also sees sales improve 10.7% in first six months of 2021 as the company rebounds from a COVID-driven slowdown.
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SKF CEO Danielson expects sales to continue to grow in Q2 to reach pre-COVD levels
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Rickard Gustafson appointed to top executive position at Swedish bearings manufacturer SKF.
SKF Names New President, CEO Read More »
Bearings manufacturer SKF announces that Alrik Danielson is leaving the company after nearly five years at the helm.
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The company said the transfer of production from Avallon to St-Cyr “enables a more competitive and flexible offer to customers, as well as the realization of synergies from the existing service center and logistics capabilities in Saint-Cyr.”
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Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.
SKF Sales Down 11.6% in 3Q Read More »