SKF invests SEK 550 million in North American manufacturing

SKF is investing approximately SEK 550 million to strengthen its manufacturing footprint in North America: SEK 350 million in expanding and automating the Sumter, South Carolina factory, and SEK 200 million to localize Tapered Roller Bearing production from China to an existing site in Mexico. The consolidation will close factories in Avon, Ohio and North Charleston, South Carolina, reducing staff by about 120.

“These investments illustrate SKF's commitment to better serving customers in the region and will improve both our flexibility and competitiveness.”prnewswire.com

• 1 source
• prnewswire.comSKF invests in strengthened competitiveness in North AmericaSKFSep 22, 2020

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