SKF Group invests 590 million yuan in Jinan to develop automotive bearings

On the morning of September 13, 2012, SKF (Jinan) Bearings and Precision Technology Products Co., Ltd. located in Jinan High-tech Zone officially opened its doors. Swedish Ambassador to China Luo Ruide, Standing Committee member of the Municipal Party Committee and Deputy Mayor Su Shuwei attended the event.

At the opening ceremony, the person in charge of the SKF Automotive Business Division stated that the company has been investing in engineering design and construction of production bases in Asia, and has targeted the development of specific products for the highly demanding markets in the region. The official completion of the new factory in Jinan will help the company better provide products and technical support for the truck industry in China and throughout Asia.

It is reported that the SKF Group is the world's largest bearing manufacturer, with production accounting for 20% of the world's total output of similar products and operations in 130 countries around the world. Since its inception, the company has been committed to the development and innovation of various bearings, and has become the maker of relevant standards in the field of bearings. With a total investment of 590 million yuan, the SKF plant in Jinan will produce tapered roller bearings and wheel hub bearing units to meet the needs of the automotive and other industrial markets, further improve the city's transportation equipment manufacturing industry chain, and inject this industry development New motivation.

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