SKF Invests SEK 190m in Gothenburg Production Channels

Source: www.gulfoilandgas.com 4/17/2015, Location: Europe

SKF is investing SEK 190 million in modernizing its spherical roller bearing production channels in Gothenburg. The investment is part of the Group’s focus on the development of world class manufacturing processes.

More modern manufacturing processes, including intelligent grinding, which enables reduced set-up times and improved production efficiency, will be combined with SKF’s own condition monitoring and mobile connectivity solutions. With access to real-time and remote monitoring, operators will be empowered to better predict and plan machine maintenance schedules, as well as develop long-term statistical evaluations of diagnostic data.

Luc Graux, Manufacturing Director, Industrial Market, says, “Combining new manufacturing processes with our condition monitoring and connectivity solutions really brings us into the modern era. It will also help make our production more flexible and efficient, as we roll-out the SKF Production System in Gothenburg.”

Speaking about the Group’s focus on sustainability, he says, “This investment supports our continued focus on energy efficiency. Since 2006, we have reduced our energy usage by 300 GWh (16%), despite significant increases in production output.”

The investments announced today are expected to be completed by the end of 2016.


United States >>  7/5/2022 - SCF Partners (“SCF”) and T.D. Williamson, Inc. (“TDW”) are pleased to announce an investment partnership. SCF, an energy investment firm, has invested...
United Kingdom >>  6/30/2022 - - First concrete project under the strategic partnership that ENGIE and the CMA CGM Group signed in November 2021.
- CMA CGM will acquire a stake...


Bangladesh >>  6/29/2022 - - Bridgin Power is a power generation business which will invest across Southeast Asia in gas-fired power projects, widely recognised as a key catalys...
United States >>  6/29/2022 - • Louisiana Energy Gateway will facilitate delivery of natural gas to Gulf Coast customers including LNG terminals
• Low carbon infrastructure w...


United Kingdom >>  6/28/2022 - Specialist well decommissioning services provider Well-Safe Solutions has announced the completion of its third investment round, raising £50 million ...
United States >>  6/28/2022 - Intersect Power, LLC, ("Intersect Power" or the "Company") announced today a $750 million growth equity investment led by TPG Rise Climate, the dedica...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.