SKF Informed of Initiation of Lawsuit Pertaining to Settlement With the European Commission
GOTHENBURG, Sweden, July 4, 2017 /PRNewswire/ -- SKF has been informed of the initiation of a lawsuit, with a claim for damages, by Daimler AG against SKF GmbH, as a consequence of the settlement decision by the European Commission for violation of European competition rules. Daimler has filed t...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, June 30, 2017 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with the Company's Articles of Association, AB SKF confirms the following. As per 30 June the Company's share capital amounts toSEK 1,138,377,670 and the total number of s...
SKF Inaugurates Large-size Bearing Test Centre
GOTHENGURG, Sweden, June 21, 2017 /PRNewswire/ -- SKF has inaugurated its newly-built Sven Wingquist Test Center inSchweinfurt, Germany, an investment totallingEUR 40 million. The center is the first in the world that is able to test large-size bearings under actual operating conditions. This a...
SKF Divests Reelcraft
GOTHENBURG, Sweden, June 16, 2017 /PRNewswire/ -- SKF has signed an agreement, subject to regulatory approvals, to divest Reelcraft, a manufacturer of hose, cord and cable reels for industrial applications, to Madison Industries. The total consideration of the divestment is USD 115 million on a c...
Honeywell and SKF Launch Industrial Internet of Things Pilot Project
GOTHENBURG, Sweden, May 10, 2017 /PRNewswire/ -- Honeywell Process Solutions and SKF have launched a joint pilot project aimed at developing Industrial Internet of Things (IIoT) solutions. The pilot project, at a copper mine in Latin America, aims to create a digital standard for improved machine ...
SKF First Quarter Report 2017
GOTHENBURG, Sweden, April 27, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "The first quarter of the year has seen continued growth, an improved operating margin and continued debt reduction. The increase in demand strengthened gradually during the quarter. Net sales, at 19.6 billio...
SKF's First Quarter Results to be Published on 27 April 2017
GOTHENBURG, Sweden, April 20, 2017 /PRNewswire/ -- The SKF Group will publish its results for the first quarter on27 April 2017 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 09:00 (CET), 08:00 (UK time). To join the...
Summary of SKF Capital Markets Day 2017
GÖTEBORG, Sweden, April 7, 2017 /PRNewswire/ -- SKF today held a Capital Markets Day in Gothenburg, Sweden. The event focused on three main topics: an update on the Group's strategic progress, manufacturing and digitalisation. Alrik Danielson, President and CEO, discussed the implementation of t...
SKF Invests in Expanding Production Capacity in Malaysia
GOTHENBURG, Sweden, March 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: ...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 29, 2017 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held inGothenburg on Wednesday,29 March 2017, under the chairmanship of Mr Leif Östling. The income statements and the balance sheets were adopted, together with...
SKF - Notice of Annual General Meeting
GOTEBORG, Sweden, Feb. 24, 2017 /PRNewswire/ -- Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF will be held at SKF Kristinedal, Byfogdegatan 4,Gothenburg, Sweden, at 13.00 on Wednesday,29 March 2017. The doors are open from 11.00. Please note that refreshments will be...
Reclassification of Specification of net Cash Flow Used in Investing Activities in SKF Year-end Report 2016
GOTHENBURG, Sweden, Feb. 6, 2017 /PRNewswire/ -- SKF announces a reclassification between lines in the specification of the "Net cash flow used in investing activities" in the SKF Year-end report 2016. The changes refer to page 11 of the report, under the headline "Condensed consolidated statemen...
SKF Year-end Report 2016
GÖTEBORG, Sweden, Feb. 2, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "In 2016 we have seen market conditions gradually improve and SKF is now growing again. In the fourth quarter, organic sales increased by 1.2% compared to last year. Sequentially, sales were slightly higher, mainl...
SKF's Year-end Results to be Published on 2 February 2017
GOTEBORG, Sweden, Jan. 20, 2017 /PRNewswire/ -- The SKF Group will publish its full year results on2 February 2017 and welcomes investors, analysts and members of the media to take part in a conference call, which will be held in English, at 14:00 (CET), 13:00 (UK Time). The join the conference ...
SKF Invests Further SEK 145 Million in Schweinfurt Production Channels
GOTHENBURG, Sweden, Jan 16, 2017 /PRNewswire/ -- SKF is investing a further SEK 145 million in improving the competitiveness of its large-size bearing production inSchweinfurt, Germany. As part of the investment, a new, automatized hard machining channel will be installed. Combining this with t...
SKF Invests in Roller Manufacturing in China
GOTHENBURG, Sweden, Jan. 16, 2017 /PRNewswire/ -- SKF is investing SEK 70 million in developing roller manufacturing capabilities in Dalian, China. The investment will improve utilisation of the Group's global manufacturing capacity and strengthen SKF's service capabilities inChina. Patrick Tong...
SKF Invests SEK 225 Million in Modernising Distribution Centres
Opening of a new Distribution Centre in India is the Latest in Series of Investments Aimed at Improving Customer Lead-Times and Service Levels. GOTHENBURG, Sweden, Dec. 15, 2016 /PRNewswire/ -- SKF is investing SEK 225 million in upgrading its distribution centres across Europe and India. The i...
