SKF hosts Capital Markets Day; continues investment in manufacturing automation

Release Time：30 Nov,2018

<p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <strong style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;font-size:15px;font-weight:bold;vertical-align:baseline;"><em style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;font-size:15px;vertical-align:baseline;"><span style="color:#000000;font-family:Arial;font-size:12px;">SKF’s Capital Markets Day focuses on value propositions and delivering on financial targets; SEK 150 million investment being made in manufacturing automation</span></em></strong> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span style="color:#000000;font-family:Arial;font-size:12px;">SKF is today hosting a Capital Markets Day in Schweinfurt, Germany. Participants will be given an update on the Group’s strategic, financial and operational development. Focus will also be placed on the Group’s value propositions around the rotating shaft and activities under implementation to reduce net working capital.</span> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20181130/20181130130727_71246.png" /> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span style="color:#000000;font-family:Arial;font-size:12px;">The Group’s investments in manufacturing and product development initiatives will also be presented, as well as achievements and focus areas within the Automotive business.</span> </p> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <strong style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;font-size:15px;font-weight:bold;vertical-align:baseline;"><span style="color:#000000;font-family:Arial;font-size:12px;">Continued investment in automation</span><span style="color:#000000;font-family:Arial;font-size:12px;">&nbsp;</span><br data-filtered="filtered" /> </strong><span style="color:#000000;font-family:Arial;font-size:12px;">The Group continues to deliver on its strategy of implementing automated manufacturing technologies through two investments totalling SEK 150 million:</span> </p> <ul class="c2" style="background:#FFFFFF;list-style:none;margin:20px 0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <li style="background:url(&quot;../img/link_icons.png&quot;) no-repeat 0px -10189px;margin:0px;padding:0px 0px 0px 16px;outline:0px;border:0px currentColor;border-image:none;color:#0066CC;line-height:29px;font-size:15px;font-weight:normal;vertical-align:baseline;display:block;"> <span class="list-content" style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#000000;line-height:29px;font-family:Arial;font-size:12px;font-weight:normal;vertical-align:baseline;"><span style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#000000;line-height:29px;font-family:Arial;font-size:12px;font-weight:normal;vertical-align:baseline;">An automated production line, with flexible machining technology, for rollers used in large-size bearings in Schweinfurt, Germany.</span></span> </li> <li style="background:url(&quot;../img/link_icons.png&quot;) no-repeat 0px -10189px;margin:0px;padding:0px 0px 0px 16px;outline:0px;border:0px currentColor;border-image:none;color:#0066CC;line-height:29px;font-size:15px;font-weight:normal;vertical-align:baseline;display:block;"> <span class="list-content" style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#000000;line-height:29px;font-family:Arial;font-size:12px;font-weight:normal;vertical-align:baseline;"><span style="background:none;margin:0px;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#000000;line-height:29px;font-family:Arial;font-size:12px;font-weight:normal;vertical-align:baseline;">An automated deep groove ball bearing assembly line in St Cyr, France.</span></span> </li> </ul> <p class="c1" style="background:#FFFFFF;margin:9px 0px 1em;padding:0px;outline:0px;border:0px currentColor;border-image:none;color:#5E5E5E;text-transform:none;line-height:1.5em;text-indent:0px;letter-spacing:normal;font-family:Arial, Helvetica, sans-serif;font-size:15px;font-style:normal;font-weight:400;word-spacing:0px;vertical-align:baseline;white-space:normal;orphans:2;widows:2;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <span style="color:#000000;font-family:Arial;font-size:12px;">Both investments contribute to increased competitiveness, flexibility and quality and are expected to be completed during the first half of 2020.</span> </p>