SKF Opens Plant in Mexico

Release Time：10 Oct,2023

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20231010/1696942659715919.png" title="1696942659715919.png" alt="4.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The $64 million Monterrey facility will bolster its development in the Americas.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">SKF has inaugurated its new facility in Monterrey, Mexico, a greenfield factory investment totaling SEK 700 million.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">This will support SKF’s strategic development in the Americas and meet customer needs as focus on electrification increases. The investments are also an important step in SKF’s ongoing Automotive portfolio re-positioning towards the electric vehicle drivetrain and commercial vehicle segments.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">In SKF’s fourth factory in Mexico, deep-groove ball bearings (DGBB) for North American car manufacturers will be developed and manufactured, as well as tapered roller bearings (TRB) for industrial customers, for example in the Agri market, and commercial vehicle applications.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">“Building on over 100 years of presence in Mexico, it is fantastic to see our new factory now being inaugurated,&quot; said SKF President and CEO&nbsp;Rickard Gustafson.&nbsp;&quot;Investing in engineering and manufacturing capabilities in the strategically located Monterrey will make us stronger and more flexible and increase our competitiveness in the Americas.”</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">“These investments further strengthen our offers within the fast-growing and strategically important electric driveline, both for passenger and commercial vehicles, as well as our delivery and regional capabilities in North America,&quot; said Kerstin Enochsson, president of SKF Automotive. &quot;This will reinforce our position as a global, leading supplier to the electric and commercial vehicle markets.”</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">John Schmidt, president, SKF Americas, added, “Regionalization is an important part of our strategy, and this factory will create a strong regional base for development and manufacturing, and further strengthen our value chain in North America. By being closer to both existing and new customers, we will be able to serve them even better.”</span></p><p><br/></p>