# 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.

- Type: Investment
- Announced: 2020-09-22
- Where: Sumter, South Carolina, United States
- Value: $62.0M (550.0M SEK)
- Jobs: -120
- Starts operating: Q1 2022
- Status: announced
- Products: bearings, tapered roller bearings, slewing bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/skf-invests-in-strengthened-competitiveness-in-north-america-301135753.html), 2020-09-22: "These investments illustrate SKF's commitment to better serving customers in the region and will improve both our flexibility and competitiveness."

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