Bloomberg:SKFA@SS

SKF confirms closure of Luton factory

GOTHENBURG, Sweden, Oct. 17, 2023 /PRNewswire/ -- Following a consultation process with employees and union representatives, SKF confirms the proposed closure of its factory inLuton, UK. The proposal was made in May 2023 as part of a consolidation of the Group's spherical roller bearing manufactu...

2023-10-17 17:23 1231

SKF to publish nine-months results on 27 October

GOTHENBURG, Sweden, Oct. 11, 2023 /PRNewswire/ -- SKF will publish its nine-months results for 2023 on27 October 2023 at approximately 07:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 08:15 (CET). To join the webcast, please login at lea...

2023-10-11 15:26 1285

SKF inaugurates factory in Monterrey, Mexico

GOTHENBURG, Sweden, Oct. 4, 2023 /PRNewswire/ -- SKF has inaugurated its new facility inMonterrey, Mexico, a greenfield factory investment totaling SEK 700 million. This will support SKF's strategic development in the Americas and meet customer needs as focus on electrification increases. The inv...

2023-10-04 23:56 5072

Nomination Committee of AB SKF for the Annual General Meeting 2024

GOTHENBURG, Sweden, Sept. 8, 2023 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF, this is to announce the members elected by the four largest shareholders by number of votes per31 August 2023, who, together with the Chair of the Board constitute the ...

2023-09-08 21:01 1417

SKF appoints Sophie Arnius as Head of Investor Relations

GOTHENBURG, Sweden, Aug. 31, 2023 /PRNewswire/ -- Sophie Arnius has been appointed Head of Investor Relations, starting latest24 February 2024. Sophie joins SKF from Electrolux and she succeedsPatrik Stenberg who will continue in his role as Director, Mergers & Acquisitions. Sophie Arnius has ex...

2023-08-31 14:24 1354

SKF Half-year report 2023: Strong sales, profit, and cash flow

GOTHENBURG, Sweden, July 19, 2023 /PRNewswire/ -- Rickard Gustafson, President and CEO: "I'm pleased to report that our strategic transformation continues at a high pace, clearly reflected by a strong set of numbers in the second quarter. In the quarter, we saw record high net sales, adjusted op...

2023-07-19 14:21 1984

SKF divests coolant pumps operations

GOTHENBURG, Sweden, July 12, 2023 /PRNewswire/ -- SKF has signed an agreement to divest Spandau Pumpen to EBARA Pumps Europe S.p.A, a group company of the global industrial machinery manufacturer EBARA CORPORATION. Spandau Pumpen is focused on coolant pumps in SKF's lubrication business. The div...

2023-07-12 15:40 1921

SKF Half-year report to be published on 19 July

GOTHENBURG, Sweden, July 11, 2023 /PRNewswire/ -- SKF will publish its Half-year results for 2023 on 19 July at approximately 07:00 (CEST). Investors, analysts, and media are invited to join a webcast, which will be held in English, at 08:15 (CEST). To join the webcast, please login at least 10 ...

2023-07-11 15:25 1573

SKF and Sinoma Nitride accelerate large-scale application of hybrid ceramic ball bearings

GOTHENBURG, Sweden, June 29, 2023 /PRNewswire/ -- SKF and Sinoma Nitride, an industry-leading developer and producer of silicon nitride materials and ceramic balls, have entered into a Joint Venture (JV) contract to deepen their cooperation within hybrid ceramic ball bearings. The cooperation is ...

2023-06-29 16:08 1914

SKF signs Virtual Power Purchase Agreement (VPPA) to support renewable energy in Europe

GOTHENBURG, Sweden, June 22, 2023 /PRNewswire/ -- SKF has signed a Virtual Power Purchase Agreement (VPPA) in the next step towards its target of 100% renewable electricity by 2030. Under the long-term agreement with the global energy company Enel, SKF will purchase guarantees of origin for a per...

2023-06-22 21:54 2665

SKF announces electric aviation agreement with Lilium

SKF leads the way in bearing provision for the electric aircraft market GOTHENBURG, Sweden, June 21, 2023 /PRNewswire/ -- SKF is today announcing that a supplier agreement has been signed with Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet. SKF has supported...

2023-06-21 22:29 2568

SKF signs EUR 800 million multicurrency revolving credit facility

GOTHENBURG, Sweden, June 16, 2023 /PRNewswire/ -- SKF has successfully signed a EUR 800 million multicurrency revolving credit facility. The facility has a tenor of five years with two one-year extension options, and it will serve as a back-up liquidity facility for general corporate purposes. It...

2023-06-16 15:27 1937

SKF to phase out its own fossil gas use with a SEK 3 billion decarbonization investment frame

GOTHENBURG, Sweden, June 9, 2023 /PRNewswire/ -- SKF has decided to allocate SEK 3 billion to meet its energy and decarbonization goal by 2030, which is a key element of the Group's strategy. The Group has also decided to ban any fossil fuel investments in its own operations, as well as to replac...

2023-06-09 14:48 2820

SKF establishes global Product Category Rules for bearings to quantify environmental impact

GOTHENBURG, Sweden, June 1, 2023 /PRNewswire/ -- Product Category Rules (PCR) for the bearing industry, initiated and driven by SKF, have been approved by The International EPD System. This will enable bearing purchasers to make more informed and sustainable choices, while also promoting greater ...

2023-06-01 14:57 2133

SKF consolidates manufacturing in Europe, proposes to close factory in Luton

GOTHENBURG, Sweden, June 1, 2023 /PRNewswire/ -- SKF today announces a consolidation of its spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets. The consolidation is also in line with the Group's strategy to invest in automation and regionalizati...

2023-06-01 01:00 2315

SKF announces changes to Group Management to further strengthen its commercial focus

Three new appointments are made in SKF Group Management aiming to further strengthen its commercial focus in the company's journey towards increased profitable growth. A new position is also created to drive strategic sales and portfolio management. GOTHENBURG, Sweden, May 25, 2023 /PRNewswire/ ...

2023-05-25 17:00 2212

SKF invests in magnetic bearing manufacturing to meet increasing demand

GOTHENBURG, Sweden, May 22, 2023 /PRNewswire/ -- SKF is increasing its technical and manufacturing capabilities within magnetic bearings through an investment totalingSEK 50 million in a new manufacturing site in Tangier, Morocco. The new site will ramp up operations during the second quarter an...

2023-05-22 14:57 2357

SKF and Wolong cooperate to increase competitiveness in electric drive products

GOTHENBURG, Sweden, May 17, 2023 /PRNewswire/ -- SKF and Wolong Group, the Chinese global manufacturer of motor and drive solutions, have signed a memorandum of understanding to explore the possibilities of entering a strategic cooperation focused on the promotion and application of magnetic bea...

2023-05-17 14:48 2190

Announcement of change in the total number of votes in AB SKF

GOTHENBURG, Sweden, April 28, 2023 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 28 April 2023, the Company's share capital amounts to SEK 1,138,377,670 and the total number ...

2023-04-28 15:02 2116

SKF First-quarter report 2023: Strong organic sales and positive margin trend

GOTHENBURG, Sweden, April 27, 2023 /PRNewswire/ --  Rickard Gustafson, President and CEO: "Review of the first quarter I'm pleased to report a solid quarter with strong organic sales growth and a record high adjusted operating profit for a first quarter. In the period, we delivered an organic sa...

2023-04-27 14:55 1896
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