SKF has inaugurated its new facility in Monterrey, Mexico. Accordingly, the company’s investment in this greenfield factory totaled SEK 700 million (US$63.42 million).
This will support SKF’s strategic development in the Americas and meet customer needs as the focus on electrification increases. Moreover, the factory investment also represents the company’s important step in SKF’s ongoing repositioning of its automotive portfolio. Particularly, training sights towards electric vehicle drivetrain and commercial vehicle segments.
SKF’s fourth factory in Mexico will manufacture deep-groove ball bearings (DGBB) for North American car manufacturers. Furthermore, it will also cater to tapered roller bearings (TRB) for industrial customers.
Rickard Gustafson, President and CEO of SKF says: “Building on over 100 years of presence in Mexico, it is fantastic to see our new factory now being inaugurated. Investing in engineering and manufacturing capabilities in the strategically located Monterrey will make us stronger and more flexible.”
On the other hand, Kerstin Enochsson, President of Automotive, SKF, says: “These investments further strengthen our offers within the fast-growing and strategically important electric driveline.” In addition, Enochsson said this will reinforce further the company’s position as a leading supplier to the EV and commercial vehicle markets.
Meanwhile, John Schmidt, President, SKF Americas, says: “Regionalization is an important part of our strategy. (Thus), this factory will create a strong regional base for development and manufacturing, and further strengthen our value chain in North America. By being closer to both existing and new customers, we will be able to serve them even better.”
SKF expects the new Monterrey factory to generate some 1,200 jobs once fully operational. SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable.
Particularly, by making products lighter, more efficient, longer lasting, and repairable, SKF helps customers improve their rotating equipment performance. In addition, reduce their environmental impact.
SKF’s offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services.
Founded in 1907, SKF has a presence in approximately 129 countries and has around 17,000 distributor locations worldwide.