SKF Group to expand production in China
September 29, 2011 Category Automotive, Automotive Metals & Minerals
SKF Group, the world’s top bearing maker by revenue, will put more resources into China’s automotive market in the next few years. The company plans to expand its global technical center in China and increase production capacity, said Tryggve Sthen, President of SKF’s Automotive Division. The company has a plant under construction in Jinan, capital of Shandong province, which is set to open early next year with some 500 employees. In a separate factory in Wuhu in Anhui province, SKF is adding capacity to mass-produce a new product line of bonded piston seals, designed for a new generation of automatic transmissions. The company will also revamp and expand its global technical center based in Shanghai. By 2015, the new operation will cover 3,500 to 5,000 sq m of space, at least five times the current area. The company aims to attract 400 skilled workers for the center, compared with about 20 people in 2010. SKF is working closely with local authorities in Shanghai’s Jiading district to contribute its technology to an electric car demonstration zone. “China is at the forefront in clean-energy development. We see clear ambitions and significant support from the government. We hope to be part of the process and ride the ‘green’ boom,” Sthen said.
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