Announcement of Change in Total Number of Votes in AB SKF
GOTHENBURG, Sweden, Dec. 29, 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 29 December the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...
SKF and ArcelorMittal Sign Framework Agreement
GOTHENBURG, Sweden, Dec. 19, 2017 /PRNewswire/ -- Multi-year agreement sees SKF supply steel mills across 14 countries inEurope and Northern Africa SKF and ArcelorMittal have signed a multi-year framework agreement. As part of the agreement, SKF will supply ArcelorMittal with bearings, bearing un...
SKF Nine-month Report 2017
GOTHENBURG, Sweden, Oct. 31, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "The third quarter was characterized by continued organic growth and operating margin improvement. Net sales, at SEK 18.6 billion, increased organically by 8%. The industrial business grew by 9.5%, with stron...
SKF Consolidates Industrial Seals Manufacturing Footprint in North America
GÖTEBORG, Sweden, October 25, 2017 /PRNewswire/ -- SKF intends to consolidate its North American industrial seals manufacturing footprint. As part of the process, SKF intends to close its manufacturing site inSeneca, Kansas. Production will be transferred to other sites in North America , the dev...
SKF's Third Quarter Results to be Published on 31 October 2017
GOTHENBURG, Sweden, Oct. 17, 2017 /PRNewswire/ -- The SKF Group will publish its results for the third quarter on 31 October 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 Central European Time. To join t...
Nomination Committee of AB SKF for the Annual General Meeting 2018
GOTHENBURG, Sweden, Sept. 14, 2017 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on29 March 2017, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute t...
SKF Makes Changes to Group Management
GOTHENBURG, Sweden, Sept. 8, 2017 /PRNewswire/ -- SKF is making the following changes to its Group Management, effective immediately. Kent Viitanen is appointed President, Bearing Operations. Kent was previously Senior Vice President, Group People, Communication andQuality. Kent joined SKF in 19...
SKF and BMW Settle Legal Dispute
GOTHENBURG, Sweden, Aug. 3, 2017 /PRNewswire/ -- SKF and BMW have settled their dispute pending before the High Court of Justice inLondon, United Kingdom, regarding damage claims resulting from SKF's settlement with the European Commission for violation of European competition rules. BMW initiat...
SKF Half-year Report 2017
GOTHENBURG, Sweden, July 21, 2017 /PRNewswire/ -- Alrik Danielson, President and CEO: "The second quarter saw strong organic growth and an improved operating margin. Sales development was positive in all regions, as underlying industrial activity and investments increased. Net sales, at SEK 20....
SKF's Half-year Results to be Published on 21 July
GOTHENBURG, Sweden, July 7, 2017 /PRNewswire/ -- The SKF Group will publish its half-year results on 21 July 2017 and will host a conference call, in English, at 9:00 (CEST), 8:00 (UK time). To join the conference call, please dial-in using the following details at least 10 minutes before the st...
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...
