SKF
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 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…
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…
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…
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…
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…
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…
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…
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…