Home » SKF invests $120 million across China, India and Southeast Asia

SKF invests $120 million across China, India and Southeast Asia

by WorldFinance
0 comment

Swedish bearings maker SKF said on Thursday it would invest 1.25 billion crowns ($120 million) across China, India and Southeast Asia.

SKF said in a statement it was investing 1 billion crowns in expanding and modernising its factory in Dalian in China to improve its competitiveness for large- and medium-size bearings.

The remainder would be invested in improving manufacturing capabilities, boosting the supply chain network and accelerating regionalisation in India and Southeast Asia, it said.

($1 = 10.4209 Swedish crowns)

You may also like

Leave a Comment

Our Company

Critical insights and analysis on Finance in the world

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

@2022 – All Right Reserved. Designed and Developed by WorldFin.news