SKF boosts Q4 operating profit
Bearing supplier SKF said it achieved "a very strong underlying [Q4 2020] operating profit" of SEK2,582m (versus SEK2,181m the previous…
SKF
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SKF appoints Rickard Gustafson as president and CEO
SKF has appointed Rickard Gustafson as new president and CEO. Gustafson will succeed Alrik Danielson and join SKF during the…
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Alrik Danielson to step down as SKF CEO in 2021
Alrik Danielson is to leave his role as SKF president and CEO in 2021, a role he has held since…
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SKF plans to shut French bearings plant
In a sign of more industrial rationalisation, SKF says it is proposing to close its slewing bearings factory in Avallon, France…
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SKF invests US$60m in US/cuts jobs
SKF is ploughing SEK550m (US$60m) in strengthening its manufacturing footprint and competitiveness in North America, although the supplier will also…
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SKF posts H1 net sales down 25% to SEK16.6bn
SKF has reported first half net sales falling 25% organically to SEK16.6bn (US$1.9bn). "We have delivered another very strong operating…
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SKF increases shift towards carbon neutral manufacturing
SKF's automotive bearing factory in Tudela, Spain, has become the group's second manufacturing site to achieve carbon neutral status. Together…
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SKF opens new tapered roller bearing factory in Changshan
SKF has inaugurated its tapered roller bearing factory in Changshan, China. Following an investment of approximately SEK200m (US$21.46m), it says…
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Cooper Roller Bearings becomes SKF Cooper
SKF's acquisition of Cooper Roller Bearings in 2013 will now see the company marketed as SKF Cooper. SKF Cooper products will continue to…
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FCA selects SKF hub-bearing units for new Jeep Compass
The Jeep Compass, the compact sport utility vehicle from FCA, is equipped with SKF's third-generation, premium quality, front- and rear-wheel…