SKF inaugurates factory in Monterrey, Mexico
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Rickard Gustafson, President and CEO, says: "Building on over 100 years of presence in Mexico, it is fantastic to see our new factory now being inaugurated. Investing in engineering and manufacturing capabilities in the strategically located Monterrey will make us stronger and more flexible and increase our competitiveness in the Americas."
Kerstin Enochsson, President, Automotive, says: "These investments further strengthen our offers within the fast-growing and strategically important electric driveline, both for passenger and commercial vehicles, as well as our delivery and regional capabilities in North America. This will reinforce our position as a global, leading supplier to the electric and commercial vehicle markets."
John Schmidt, President, Americas, says: "Regionalization is an important part of our strategy, and this factory will create a strong regional base for development and manufacturing, and further strengthen our value chain in North America. By being closer to both existing and new customers, we will be able to serve them even better."
The Monterrey factory is expected to generate some 1,200 jobs once fully operational.
Aktiebolaget SKF
(publ)
CONTACT:
For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@skf.com
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