SKF has announced to the financial markets that it is focusing on achieving its financial targets, with an investment of SEK 150 million in plant automation.
At a day dedicated to the financial markets held in Schweinfurt (Germany) at the end of last year, SKF shared the evolution of its strategic and financial vision and the Group's operational perceptions.
Emphasis was placed on value propositions around rotating equipment performance, and on activities currently being implemented to reduce net working capital requirements.
The Group's investments in product development manufacturing were also presented, as well as its achievements and strategic priorities in the automotive industry.
Major investments
The group is continuing its transformation and has announced two investments totalling SEK 150 million, including :
- an automated production line, with flexible machining technology, for rollers used in large bearings in Schweinfurt, Germany;
- two new automated production lines are currently being installed at the St Cyr-Sur-Loire site in the Centre-Val de Loire region of France. These are a new assembly line, known as flexible-to-order, and an automated packaging cell for the entire range of rigid ball bearings (DGBB).
Both investments contribute to SKF's goal of competitiveness, flexibility and quality, and are scheduled for completion in the first half of 2020.
Learn more: www.skf.fr