SKF has created a new division, the Aero and Steel Division, which will include Aeroengine Bearings, Airframe Components, CR Aerospace, Ovako Steel and Forgings and Rings. Kaj Thorén has been appointed President and will also be a member of the SKF Executive committee

Meanwhile, various Seals Division operations will be transferred to other divisions. CR Americas, CR Asia and CR Automotive Europe will become part of the Automotive Division; CR Industrial Europe will be organised within the Industrial Division; and Bearing Seals, including RFT Italy, RFT Bethlehem (USA) and CR India, will be included in the Electrical Division.