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 SKF is continuing to increase its regional capabilities across Asia, through selected investments in its manufacturing and engineering capabilities in the region.


In China, SKF has consolidated its manufacturing footprint from 16 to nine manufacturing sites in the last four years. This process has brought together modern manufacturing capabilities with design, development and testing competence that supports the application specific needs and speed to market requirements of regional customers.


As part of the Group's ambitions to increase its competitiveness and service offer for large- and medium-size bearings, an investment program totaling SEK 1 billion is ongoing at SKF's Dalian factory in China, which is being expanded and modernized in several phases. The next phase of expansion will be completed during 2024, increasing capabilities in several industrial segments.


Henry Wang, President, China and Northeast Asia, says: "Investing in our local manufacturing and engineering hubs is an important step in strengthening our ability to support our customers in one of the largest bearing markets in the world."


In India and Southeast Asia, SKF is investing SEK 250 million, to improve its local manufacturing capabilities, boost the supply chain network and accelerate regionalization. With these investments, a stronger deep-groove ball bearing and hub bearing unit offer will be created for general industrial and automotive applications across the region.


Manish Bhatnagar, President, India and Southeast Asia, says: "These investments are consistent with our overall strategy and create a basis for continued profitable growth in key segments. We will also be able to help customers capture more value and broaden our customer base across both India and Southeast Asia."



(https://www.marketscreener.com)

  

More About FK:

FK Bearing Group Co.,Ltd. was orignally founded in 1969 and always focuses on Bearing Units in the past 50 years. FK has complete industrial chain automatic factory of its own, now FK is one of the biggest bearing parts factories in China with annal production and sales up to 18 million pieces.

www.fk-bearing.com

 

2022 New Week Hot Products Recommended:

Pillow Block bearing:

A pillow block bearing (or plummer block) is a pedestal used to provide support for a rotating shaft with the help of compatible bearings & various accessories. The assembly consists of a mounting block which houses a bearing. The block is mounted to a foundation and a shaft is inserted allowing the inner part of the bearing / shaft to rotate. The inside of the bearing is typically 0.001 inches (0.025 mm) larger than the shaft to ensure a tight fit. Set screws, locking collars, or set collars are commonly used to secure the shaft.[2] Housing material for a pillow block is typically made of cast iron or cast steel.

https://www.fk-bearing.com/products/Pillow-Block/698.html


Pillow Block bearing

 

More Products please do not hesitate to view here:

https://www.fk-bearing.com/products/catalogue.html

 

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