SKF Invests in Expanding Production Capacity in Malaysia

GOTHENBURG, Sweden, Mar 30, 2017 /PRNewswire/ --

SKF is investing SEK 45 million in expanding its spherical roller bearing (SRB) capacity in Nilai, Malaysia. This investment will further improve utilisation of the Group's manufacturing capacity.

Luc Graux, President, Bearing Operations, says: "By investing in increased capacity and flexibility we can swiftly improve our ability to meet the demands of our customers, on a regional and global level."

"The new channel will include the latest in internally developed solutions for automatic pairing of rings and bearing traceability. It will also be scalable, should we decide to make future investments in automated assembly processes, similar to those already operational in Gothenburg."

The new SRB channel in Nilai is expected to be operational during the end of 2017.

Previous press releases on similar topics:

16 January 2017: SKF invests further SEK 145 million in Schweinfurt production channels
[link to press release]

16 January 2017: SKF invests in roller manufacturing in China
[link to press release]

3 November 2016: SKF invests SEK 150 million in Schweinfurt production channels:
[link to press release]

9 June 2016: SKF consolidates manufacturing facilities in North America
[link to press release]

17 April 2015: SKF invests SEK 190 million in Gothenburg production channels
[link to press release]

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
E-mail: patrik.stenberg@skf.com

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