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SKF Invests SEK 150m in Schweinfurt Production Channels

Source: www.gulfoilandgas.com 11/3/2016, Location: Europe

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 are expected to be completed by the middle of 2018.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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