SKF AB supplies products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The company’s services include technical support, maintenance services, condition monitoring and training. The company has approximately 100 factories in around 25 countries. Roller bearings, bearing units and seals for the automotive and industrial OEM producers and for the aftermarket are produced in Europe, North America and Asia. Linear motion products and machine tools are made in Europe and Asia. Divisions The company operates mainly through three divisions, each focusing on specific customer groups worldwide. Industrial Division The Industrial Division serves industrial Original Equipment Manufacturer (OEM) customers with product development and production of a range of bearings – such as spherical and cylindrical roller bearings, angular contact ball bearings, medium deep groove ball bearings and high precision bearings – lubrication systems, linear motion products, by-wire systems and couplings. The SKF industrial market is divided into approximately 30 customer segments. Service Division The Service Division serves the global industrial aftermarket, mainly via a network of approximately 7,000 distributors, providing products and knowledge-based services. Solutions include consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. The division is also responsible for all SKF’s sales in certain smaller markets. SKF Logistics Services supplies logistics services to the SKF Group and external customers. Automotive Division The Automotive Division serves manufacturers of cars, light trucks, heavy trucks, buses, two-wheelers and the vehicle service market. In addition it also serves the market for household appliances, power tools and electric motors. The division develops and manufactures bearings, seals and related products and service solutions. Products include wheel hub bearing units, tapered roller bearings, small deep groove ball bearings, seals, specialist automotive products and complete repair kits for the vehicle service market, including a range of drive shafts and constant velocity joints. Significant Events Acquisitions Bearings and units QPM Aerospace’s metallic rod business: QPM produces metallic rods, used in aerospace applications such as mechanism actuation, airplane structures and equipment suspensions. The company has its manufacturing site in Monroe, close to Seattle, USA, and is a supplier to Boeing and also qualified for supplies to Airbus. PEER Bearing Company: PEER Bearing Company primarily serves certain segments on the North American market. The company is a wholly-owned subsidiary of the SKF Group and operates independently on the market under the brand PEER. The acquired manufacturing plants are located in China and Thailand. GLO s.r.I: GLO mainly manufactures constant velocity joints and drive shafts. The acquisition broadens SKF’s existing product range and presence, primarily in the vehicle aftermarket in Europe. The company is located in Poggio Rusco, in the Mantova region of north-east Italy. Lubrication systems Cirval S.A.: Cirval S.A. specializes in design, manufacturing and sales of centralized lubrication systems. The company provides engineering, product development and customized solutions, particularly for the steel industry. Divestments The company sold the operating assets of Roller Bearing Industries, INC, USA to Greenbrier Companies USA, a supplier of transportation equipment and services to the railway industry. Roller Bearing Industries was a part of Industrial Division. Customers The company supplies to industrial original equipment manufacturers that produce different types of industrial products such as pumps, fans, compressors, motors, gearboxes, machine tools, paper machines, steel mills, printing presses, and windmills. It also serves the aerospace industry, including manufacturers of engines and gearboxes for fixed wing aircraft and helicopters, as well as maintenance, repair and overhaul suppliers. The company also supplies the railway industry which includes both the manufacturers of normal trains, high speed trains, passenger carriages, freight carriages, railway component and system suppliers and repair workshops. The company’s another customer group is original equipment manufacturers of products made in higher volumes. These customers include manufacturers of cars, trucks, two-wheelers, automotive components, household appliances and small electric motors. History SKF AB was founded in 1907.
skf ab-b shares (SKFB:Stockholm)
Gothenburg, 415 50
Phone: 46 3 13 37 10 00
Fax: 46 3 13 37 28 32www.skf.com/se
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for SKFB.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact SKF AB-B SHARES, please visit www.skf.com/se. Company data is provided by Capital IQ. Please use this form to report any data issues.