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SKF ([[SKFRY]]) plans to invest ~SEK 550M in order to strengthen its manufacturing footprint and competitiveness in North America.For expanding and automating manufacturing processes at the Group's factory in Sumter, South Carolina, SEK 350M is being invested.Additional SEK 200...
SKF invests in strengthened competitiveness in North America PR Newswire GOTHENBURG, Sweden, Sept. 22, 2020 GOTHENBURG, Sweden, Sept. 22, 2020 /PRNewswire/ -- SKF is investing approximately SEK 550 million in strengthening its manufacturing footprint and...
SKF ([[SKFRY]] -2.9%) is partnering with Mexican steel manufacturer Deacero in order to improve performance and reduce downtime at their steel rolling mill in Celaya.The partnership is built on a fee-based set-up covering bearings, bearing re-manufacturing, maintenance services and appli...
SKF and Deacero in fee-based partnership to improve performance PR Newswire GÖTEBORG, Sweden, Sept. 21, 2020 GÖTEBORG, Sweden , Sept. 21, 2020 /PRNewswire/ -- SKF is partnering with Deacero, the Mexican steel manufacturer, to improve performance and...
I thought SKF ( SKFRY ) had some appeal as a contrarian idea back in April , and the outcome of that call is a little convoluted. The local shares had been beating the multi-industrial peer group, but a disappointing second quarter result hit the shares and the point-to-point performance has ...
As is well known, the US and Sweden have approached the Covid-19 pandemic in different ways. While the US instituted a shelter-in-place policy , Sweden instead asked its citizens to follow general advice provided by its Public Health Authority , which enabled Sweden's schools and kinderga...
AB SKF (SKFRY) Q2 2020 Earnings Conference Call July 21, 2020, 02:30 ET Company Participants Patrik Stenberg - Director, Group IR & Competitive Intelligence & Head, IR Alrik Danielson - President, CEO & Director Niclas Rosenlew - SVP & CFO Conference Call Parti...
AB SKF ( OTCPK:SKFRY -5.4% ) net sales fell organically by 25% to SEK16.6B; Sales in both Europe and North America decreased by about 30% Y/Y and in Asia were 10% lower compared to last year. More news on: AB SKF (publ), AB SKF (publ), Earnings news and comm...
The following slide deck was published by AB SKF (publ) in conjunction with their 2020 Q2 earnings Read more ...
GOTHENBURG, Sweden , July 21, 2020 /PRNewswire/ -- Alrik Danielson , President and CEO: "We have delivered another very strong operating result, despite sales falling by 25% during the second quarter. This performance allowed us to continue to build a stronger SKF, maintaining high...
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SKF Half-year report to be published on 18 July PR Newswire GOTHENBURG, Sweden , July 8, 2024 /PRNewswire/ -- SKF will publish its Half-year results for 2024 on 18 July at approximately 07:00 (CEST). Investors, analysts, and media are invited to join a webcas...
SKF to showcase new solutions with significant customer value at its first-ever Tech & Innovation Summit SKF to showcase new solutions with significant customer value at its first-ever Tech & Innovation Summit PR Newswire SKF strengthens its innovation commitment w...