# SKF to invest $43M in Xinchang ball bearings plant expansion

SKF will spend 400 million Swedish crowns ($43 million) to expand its manufacturing site in Xinchang, China, to strengthen ball bearing capabilities.

- Type: Expansion
- Announced: 2020-06-17
- Where: Xinchang, China, China
- Value: $43.0M (400.0M SEK)
- Status: announced
- Products: ball bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SKF](https://endata.com/companies/4959.md)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/swedens-skf-to-invest-in-xinchang-ball-bearings-plant-idUSL8N2DU10W/), 2020-06-17: "This investment is part of our strategic ambition to develop our regional manufacturing footprint."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.