SKF India to invest Rs 150 crores in New Uttarkhand Plant

2007 April 27, 09:09 CET

SKF India to invest Rs 150 crores in New Uttarkhand Plant

27th April, 2007


SKF India to invest Rs 150 crores in New Uttarakhand Plant

Expands production capacity to meet growing customer demand across India



Mumbai 26th April, 2007: SKF India, the leading technology and solutions provider of bearings, seals and related products, today announced that it would be investing over Rs 150 crores towards the development of a new manufacturing site in Haridwar, Uttarakhand.


Situated over an area of 40,000 sq.mtrs, the new bearing factory is likely to increase the existing ball bearing capacity by more than 1/3rd, fuelling the growing demand in the booming automotive and other key manufacturing sectors. The state of the art plant will be operational in March 2008 and is likely to employ over 300 people.


Commenting on the occasion Mr. Rakesh Makhija, Managing Director, SKF India. Ltd. said, "We are very positive about the economic development in the country. Uttarakhand is an emerging industrial hub within the country. SKF's strategic move to increase production capacity through the Haridwar plant signifies our commitment not only to serve our customers effectively but also reinforces our leadership position in the Indian Subcontinent".


About SKF

"The SKF Group is the leading global supplier of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrications systems. The Group's service also includes technical support, maintenance services, condition monitoring and training. The SKF Group's efforts in the R&D area have resulted in numerous innovations that have created new standards and new products in the bearing world.


SKF is present in more than 130 countries, has some 120 manufacturing sites and sales companies supported by some 15 000 distributor locations that are serviced by an efficient global distribution network and a widely used e-business marketplace."


In India, the SKF Group started trading operations in Kolkata in 1923 and since then the Group's operations have been consolidated into SKF India Limited. SKF India also has an associate company called SKF Sealing Solutions Pvt ltd providing sealing solutions. The company has manufacturing plants in Bangalore and Pune.

For further information, please contact Shilpa Trivedi- 66337730

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