Posted on June 2, 2019 at 9:00 PM
SKF has invested approximately SEK 200 million to enhance its competitiveness and customer service in the Chinese tapered roller bearing (TRB) market. This investment is used to build a new production base in Changshan, when the Group's small tapered roller bearing production capacity will be transferred to the base.
Tang Yurong, President of Industrial Sales Asia, said: "China's tapered roller bearing market continues to maintain a strong momentum of development, driven mainly by industrial gearboxes and industrial transmission businesses. Investment in new production bases is to meet this development trend, Changshan New The facility will integrate the brand and expertise of SKF, General Bearings (GBC) and Peer (PEER)."
Changshan's new production base is expected to be fully operational in the first quarter of 2019.