AB SKF (SKF) announced that more than 50% of its Automotive business volumes have been transferred into new legal entities and that the majority of manning for the Automotive businesses has been completed.
The company expects to be operationally ready to list the Automotive business on Nasdaq Stockholm by mid-2026, i

On October 28, it was reported that Swedish auto parts manufacturer SKF will close its factory in Tortuguitas, Argentina, ending local production and eliminating 145 jobs.
The company stated that the decision is part of a global strategy to consolidate manufacturing in larger plants, although it will maintain a comme

A Jiading District press release showed that a new cooperative project between SKF and Fuyao Glass Industry Group Co., Ltd. (Fuyao Group) was signed and settled in Anting Town, Jiading District, Shanghai.
SKF will establish an Asia-Pacific automobile headquarters in Anting with a total investment amount of over USD 1

On June 30, in an investor update, SKF India, a subsidiary of SKF, outlined its capacity expansion plans across three key manufacturing locations: Haridwar, Bangalore, and Pune. The planned investments aim to meet increasing demand for specialized bearing products used in internal combustion engine (ICE) and electric

At the Auto Shanghai 2025, SKF will exhibit the following five new products.
The Asymmetric hub bearing: The product features low friction and high rigidity.
Air suspension bearing with four core technologies: The product is compatible with most air suspension systems on the market.
The Low Friction Pro cone bearing:

AB SKF (SKF) decided to source “GreenSteel Climate+” from Swiss Steel Group for bars and wires produced in EMEA.
GreenSteel Climate+ is produced from steel scrap and in electric arc furnaces using green electricity from renewable sources. The steel will be used directly to produce components across SKF’s European pla

SKF signed a strategic cooperation agreement with Fujian Yida Edrive Co., Ltd. (Yida Edrive) to jointly fuel the innovation and development of commercial vehicle electric drives.
The two companies will give full play to their respective technology advantages and expertise to jointly address new challenges in the New

The Invest Bulgaria Agency (IBA) has awarded a class A certificate to SKF Bearings Bulgaria, supporting its plans to expand manufacturing capabilities at its plants in Sopot and Karnare. The total investment amounts to around BGN 14.36 million.
The company will buy and install a roller bearing assembly line for the a

AB SKF (SKF) has decided to spin-off its Automotive business, aiming to list it on the Nasdaq Stockholm stock market in the first half of 2026.
The separation will allow Automotive to make independent business decisions and investments, increasing its ability to adapt faster to transforming global automotive markets.

SKF India Limited, a subsidiay of SKF, announced that it has developed a patented seal design for SUV drive shaft bearings using advanced simulation.
The seal design protects the bearings from mud and other contaminants that can cause failure during off-road driving. The seal design also reduces friction and power lo

AB SKF (SKF) has developed a new Conductive brush ring for high-performance electric vehicle (EV) powertrain systems. It provides a reliable electrical connection between an EV eAxle rotor shaft and its housing, increasing the lifetime expectations of eAxle.
When used in combination with SKF’s Hybrid ceramic ball bea

On March 21, SSAB joined a new research collaboration called Mission 0 House aimed at identifying technologies and solutions that eliminate greenhouse gas emissions. In addition to SSAB, Boliden, Borgstena, Lindholmen Science Park, Polestar, Sekab, SKF, Stora Enso, Volvo Cars, and multiple universities are part of th

AB SKF (SKF) announced that it will ramp down its factory in Busan, Korea in the first quarter of 2024.
The supply of products will be transferred to SKF’s factories in Puebla, Mexico, Pune, India, and Shanghai ATC, China. These businesses will be closer to SKF’s existing customers and will enable the company to attr

AB SKF (SKF) announced that, following a consultation process with employees and union representatives, it has confirmed the proposed closure of its factory in Luton, UK. The proposal was announced in May 2023 as part of a consolidation of the Group’s spherical roller bearing manufacturing to secure the long-term com

On October 12, SKF India launched the Open Innovation initiative in collaboration with IncubateHub, to accelerate innovation and create more sustainable and customer-oriented solutions. The initiative invites participation from start-ups, scale-ups, academia, and industry experts to exchange ideas, technologies, and

With the new opening of its plant in Guadalupe, Nuevo Leon, SKF confirmed that several of their providers will also arrive into the state.
“The suppliers are investing in the region to be nearer to us; they come from regions like Asia, Europe and North America” said Kerstin Enochsson, global automotive president of S

SKF inaugurated a new facility in Monterrey, Mexico, a greenfield factory investment totaling SEK 700 million. The Monterrey plant will support SKF's strategic development in the Americas as focus on electrification increases and generate 1,200 jobs once fully operational. In SKF's fourth factory in Mexico, deep-groo

AB SKF (SKF) announced a joint venture (JV) contract entered with Sinoma Nitride, a developer and producer of silicon nitride materials and ceramic balls, to deepen their cooperation within hybrid ceramic ball bearings. SKF will hold a 30% share in the JV, which will produce nitride rolling elements. By working in a

AB SKF (SKF) announced that it has decided to ban any fossil fuel investment in its operations, as well as to replace direct fossil gas use with renewable energy or approved non fossil fuel alternatives by 2029, with a SEK 3 billion investment frame, planned exclusively for the company’s decarbonization activities wi

AB SKF (SKF) announced that it has proposed to close its bearing manufacturing site in Luton, UK following the decision to consolidate its spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets. Production at the Luton site would be ramped down, with a full closure plan