On March 8, 2011, it was learned from the SKF Group that the company will invest 590 million Swedish kronor (about 600 million yuan) in the construction of a new plant in Jinan, Shandong Province. At the China Technology Day event held on that day, SKF China President Erik Nelander announced the news. Oil Cooler For Auto,Mocal Euro Typeoil Cooler,Mocal Style Automatic Oil Cooler Wuxi Jialong Heat Exchanger Stock Company Ltd , http://www.wxjlcooler.com.cn
This is another big investment in the Chinese market after the global giant of the bearing industry made large investments in Shanghai and Dalian.
It is understood that SKF's new plant in Shandong covers an area of ​​16,000 square meters and will be fully operational in the first half of 2012. The initial number of employees is about 500. The factory will be established with reference to the Energy and Environmental Design Certification (LEED) standard, which will mainly produce tapered roller bearings and wheel hub units for automobiles and trucks, and will serve the industrial market and the automotive aftermarket.
Shandong is an important industrial base in China. It also has SKF's automotive customers. The location of Shandong as an investment zone is precisely to better meet the needs of the customer base and allow them to establish a closer relationship with each other.
Tryggve Sthen, president of SKF Automotive, said in a statement on the same day: “In the Asian region, our automotive and truck business has grown rapidly. In recent years, the region’s product manufacturing and R&D capabilities have continued to increase. The establishment of a new factory will Improve existing capacity."
Currently, SKF owns five business platforms: bearings, seals, electromechanical integration, service and lubrication systems. Strengthening its manufacturing capabilities in China and other Asian regions has become one of the company’s important strategies.
On March 8, 2011, Tom Johnstone, president and chief executive officer of SKF Group, said: "SKF's sales in 2010 were about 61 billion Swedish kronor (about 9.5 billion US dollars), net sales 27% of the amount comes from Asia, and half of it comes from China."
From 1995 to 2010, SKF Group's sales in China grew at an average annual rate of more than 30%, with 2010 sales of RMB 7.3 billion.
According to Audrey, SKF has received the largest order from the wind energy industry and will supply SKF Nautilus bearings to China Goldwind Group for the spindle configuration of the newly developed 2.5 MW direct-drive generator. About 500 million yuan.
In 2010, the SKF Group's operating profitability and return on capital utilization increased by 13.8% and 24% year-on-year, respectively. The target for 2011 was a year-on-year increase of 15% and 27% respectively. The Group's annual growth rate reached 8%. Among these, the Asian market, represented by China and India, represents greater hope. 