SKF and GE Aviation enter partnership
SKF and GE Aviation have agreed to establish a new company to manufacture and refurbish bearings for GE’s engines for large aircrafts. The new company, with SKF holding 51 percent and GE Aviation 49 percent, represents an investment of some 28 million US dollars, excluding the building, which will be leased. It will be consolidated into the SKF Group.
SKF and GE Aviation have agreed to establish a new company to manufacture and refurbish bearings for GE’s engines for large aircrafts. The new company, with SKF holding 51 percent and GE Aviation 49 percent, represents an investment of some 28 million US dollars, excluding the building, which will be leased. It will be consolidated into the SKF Group.
The bearings will be manufactured for GE Aviation and its affiliates. The new company will be located in Charleston, South Carolina in the United States. The company will start deliveries in 2008 and will have about 100 employees when in full production.
