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2016-11-03

SKF: SKF invests SEK 150 million in Schweinfurt production channels

Gothenburg, 3 November 2016: SKF is investing SEK 150 million in
modernizing its cylindrical roller bearing (CRB) manufacturing in
Schweinfurt, Germany. This is the third significant manufacturing
investment announced by SKF in the last 18 months, following the
announcement of similar investments in Gothenburg, Sweden and Flowery
Branch, USA.

The investment in Schweinfurt will involve the implementation of the
latest technologies within machining, assembly and packaging and will
result in older production channels being replaced by largely
automated, world-class technologies.

Luc Graux, President, Bearing Operations, says: "We are very excited
to be ramping up our investments in developing world-class
manufacturing within SKF. The automated assembly and zero reset-time
of the channel will greatly improve our flexibility and lead-times
for medium- and small-size lots of standard CRB products. Our
ambition is to launch pilot projects such as these across all of our
main product lines, before replicating them across other
manufacturing sites."

"Together with our projects in Gothenburg and Flowery Branch, we have
now announced almost SEK 500 million of investments in upgrading and
digitalising our factories during the last 18 months. Ensuring we
develop flexible and modern manufacturing processes is essential in
supporting SKF's growth and profitability ambitions."

The investments announced today are expected to be completed by the
middle of 2018.

Aktiebolaget SKF
(publ)

For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: +46 31 337 6576, mobile: +46 725-776576, e-mail:
theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, +46 31-337 2104; +46 705-472 104;
patrik.stenberg@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics,
lubrication systems, and services which include technical support,
maintenance and reliability services, engineering consulting and
training. SKF is represented in more than 130 countries and has
around 17,000 distributor locations worldwide. Annual sales in 2015
were SEK 75 997 million and the number of employees was 46 635.
www.skf.com

® SKF is a registered trademark of the SKF Group.

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http://news.cision.com/skf/r/skf-invests-sek-150-million-in-schweinfurt-...
http://mb.cision.com/Main/637/2114489/584413.pdf

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