Through its subsidiary SKF India Ltd, SKF has decided to build a new manufacturing site in Haridwar, Uttarakhand, for the manufacturing of ball bearings. The investment amounts to approximately 30 million euros.

The strong and growing demand, mainly from the Indian two-wheeler industry but also from a number of other customer segments, has led to the decision to increase the manufacturing capacity in India. The new factory will have a covered area of some 11,000 square metres and will increase SKF’s manufacturing capacity of ball bearings in India by more than a third. The state-of-the-art factory is expected to be operational in March 2008 and will employ some 300 people.

Furthermore, SKF has decided to invest approximately 50 million euros to build a greenfield factory in India for the manufacturing of large-size bearings. The factory is expected to start manufacturing in 2008 and will, when fully utilized, employ some 300 people.