GOTHENBURG, Sweden, May 22, 2023
/PRNewswire/ -- SKF is increasing its technical and
manufacturing capabilities within magnetic bearings through an
investment totaling SEK 50 million in
a new manufacturing site in Tangier, Morocco.
The new site will ramp up operations during the second quarter
and once fully operational, will help meet growing demand for
magnetic bearings, which have a number of applications within
turbomachinery and other high-speed applications, including
hydrogen gas liquification and for oil-free industrial compressors.
Thomas Fröst, President, Independent & Emerging Business,
says: "Magnetic bearings have played a key role in traditional
energy segments for many years. As this technology is now playing a
central role in green industries, we need to make sure we can
maintain our leading position in terms of technical development and
customer service. Our new site in Morocco is an important step in this
direction."
Magnetic bearings are one of SKF's technology growth areas. The
Group secured a record order intake for these products of over
SEK 1 billion in 2022.
Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Carl Bjernstam, Acting SKF Media & Press Director
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail:
carl.bjernstam@skf.com
INVESTOR RELATIONS: Patrik
Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104;
patrik.stenberg@skf.com
The following files are available for download:
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https://mb.cision.com/Main/637/3772292/2071566.pdf
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20230522 SKF invests in
magnetic bearing manufacturing to meet increasing demand
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https://news.cision.com/skf/i/skf-tangier,c3180608
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SKF Tangier
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https://news.cision.com/skf/i/thomas-frost,c3180609
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Thomas Frost
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SOURCE SKF