SKF Invests Further SEK 400 Million in Ball Bearing Manufacturing in China
GOTHENBURG, Sweden, June 17, 2020 /PRNewswire/ -- SKF is making further investments in strengthening its manufacturing footprint inChina for ball bearings. The investment is in-line with the Group's region-for-region manufacturing strategy. The Group announced a SEK 370 million investment in a n...
SKF Factories to be Carbon Neutral by 2030
GOTHENBURG, Sweden, June 2, 2020 /PRNewswire/ -- Since 2015, SKF has decreased its manufacturing carbon footprint by 36% and is already operating two carbon neutral factories. Today, SKF announces its aim to achieve a fully carbon neutral manufacturing footprint by 2030. The 2030 target will cov...
SKF First Quarter Report 2020: Continuing to Deliver Strong Results and Cash Flow
GOTHENBURG, Sweden, April 23, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "We have delivered another very strong set of results, despite falling demand connected to the Covid-19 pandemic. Our cash flow generation and financial liquidity continues to be strong. We have continued to ...
SKF to Publish First Quarter Results on 23 April
GOTHENBURG, Sweden, April 9, 2020 /PRNewswire/ -- The SKF Group will publish its first quarter results at approximately 07:00 (CEST) on23 April 2020. As of this quarter, SKF will report adjusted operating profit and operating margin at Group and customer segment level (Industrial and Automotive)....
SKF Announces Changes to Group Management
GOTHENBURG, Sweden, March 27, 2020 /PRNewswire/ -- Carina Bergfelt, General Counsel and Senior Vice President, Group People, Communication and Legal, will step down from Group Management from31 August 2020. Carina joined SKF in 1990 and has been a member of Group Management since 1996. As a resu...
Annual General Meeting of AB SKF
GOTHENBURG, Sweden, March 26, 2020 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held inGothenburg on Thursday,26 March 2020. The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of d...
AB SKF's Board of Directors Proposes Changed Dividend
GÖTEBORG, Sweden, March 24, 2020 /PRNewswire/ -- As a precautionary measure in this uncertain economic environment, the Board of Directors of AB SKF has decided to propose to the Annual General Meeting that the dividend be changed fromSEK 6.25 per share to SEK 3.00 per share. The Board's curren...
SKF Takes Steps to Reduce Impact of Initiatives from Authorities and Customers
GOTHENBURG, Sweden, March 20, 2020 /PRNewswire/ -- The industries and regions in which SKF operates are being impacted by initiatives by authorities and SKF's customers related to the spread of the Covid-19 virus. As a result of this significant level of uncertainty, SKF is taking major steps to...
SKF Annual General Meeting - Precautionary Measures Because of Covid-19
GOTHENBURG, Sweden, March 17, 2020 /PRNewswire/ -- As a result of the current spread of the Covid-19 virus, SKF is making the following changes to its Annual General Meeting on 26 March: * The Annual General Meeting will start as planned at 13:00. The doors will be open from 12:15 and not 11:0...
SKF Annual Report 2019 Published
GOTEBORG, Sweden, March 4, 2020 /PRNewswire/ -- AB SKF's Annual Report 2019 has today been published on the Group's website. The report focuses on SKF's operations and value creation for customers, employees, shareholders, the environment and surrounding communities. Sustainability is embedded i...
Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, Feb. 28, 2020 /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 February, the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...
SKF Increases Shift Towards Carbon Neutral Manufacturing
GOTHENBURG, Sweden, Feb. 20, 2020 /PRNewswire/ -- SKF's automotive bearing factory in Tudela,Spain, has become the Group's second manufacturing site to achieve carbon neutral status. Together with the Steyr factory inAustria, which manufactures a range of bearings for industrial uses, the two fac...
SKF: Notice of Annual General Meeting
GOTEBORG, Sweden, Feb. 17, 2020 /PRNewswire/ -- Gothenburg, 17 February 2020: Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF, reg. no. 556007-3495, will be held at SKF Kristinedal, Byfogdegatan 4,Gothenburg, Sweden, at 13.00 on Thursday, 26 March 2020. The doors are o...
SKF Year-end Report 2019
GOTHENBURG, Sweden, Feb. 4, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "2019 has been a solid year for SKF. We saw stable demand during the first half of the year. During the last six months, we maintained a strong operating result, despite falling demand. A consistent focus on co...
Håkan Buskhe and Susanna Schneeberger Proposed as New Board Members of AB SKF
GOTHENBURG, Sweden, Jan. 31, 2020 /PRNewswire/ -- SKF's Nomination Committee proposes Håkan Buskhe andSusanna Schneeberger as new Board members of AB SKF. Håkan Buskhe will assume the role as CEO of FAM AB. His previous senior positions include CEO of E.ON Nordic AB and, most recently, CEO of Sa...
SKF Consolidates Product Development, Proposes To Cease Activities in Scotland
GOTHENBURG, Sweden, Jan. 24, 2020 /PRNewswire/ -- In order to speed up the development of cloud-based condition monitoring technologies, SKF is consolidating its development footprint inEurope. Consequently, and subject to consultation with local employee representatives, SKF proposes to cease it...
SKF's Year-end Results to be Published on 4 February 2020
GOTHENBURG, Sweden, Jan. 17, 2020 /PRNewswire/ -- The SKF Group will publish its year-end results on4 February 2020 at approximately 13:00 (CET). Investors, analysts and media are invited to take part in a conference call, which will be held in English, at 14:00 (CET). To join the conference ca...
SKF's Capital Markets Day Will be Held on 4 November 2020
GOTHENBURG, Sweden, Dec. 20, 2019 /PRNewswire/ -- In November 2020, SKF will arrange its Capital Markets Day in co-ordination with Sandvik and Volvo Group. The capital markets days will include visits to Sandvik and SKF sites inAustria and to Volvo inGothenburg, Sweden. SKF's Capital Markets Day...
Gerdau and SKF in Agreement to Improve Productivity at Brazilian Steel Mills
GOTHENBURG, Sweden, Dec. 6, 2019 /PRNewswire/ -- Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and Araçariguama steel mills inBrazil. The agreement will see SKF provide a full range of products, including...
SKF Acquires Software Development Start-up
GOTHENBURG, Sweden, Nov. 11, 2019 /PRNewswire/ -- SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up company. FAS has developed GoPlant, a mobile-based asset inspection and data collection solution used in industrial applications. The t...
