GOTHENBURG, Sweden,
Nov. 29, 2018 /PRNewswire/ -- SKF is
today hosting a Capital Markets Day in Schweinfurt, Germany. Participants will be
given an update on the Group's strategic, financial and operational
development. Focus will also be placed on the Group's value
propositions around the rotating shaft and activities under
implementation to reduce net working capital.
The Group's investments in manufacturing and product development
initiatives will also be presented, as well as achievements and
focus areas within the Automotive business.
Continued investment in automation
The Group continues to deliver on its strategy of implementing
automated manufacturing technologies through two investments
totalling SEK 150 million:
- An automated production line, with flexible machining
technology, for rollers used in large-size bearings in Schweinfurt, Germany.
- An automated deep groove ball bearing assembly line in St Cyr,
France.
Both investments contribute to increased competitiveness,
flexibility and quality and are expected to be completed during the
first half of 2020.
Presentations from the Capital Markets Day will be streamed via
the Group's IR website (http://www.skf.com/group/investors/) from
13:00 Central European Time.
Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Theo Kjellberg, Director,
Press Relations
Tel: 46-31-337-6576, mobile: 46-725-776576, e-mail:
theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik
Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46
705-472 104; patrik.stenberg@skf.com
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/skf/r/skf-hosts-capital-markets-day--continues-investment-in-manufacturing-automation,c2685839
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SOURCE SKF