SKF opens new plant in China for local automakers
Shanghai, September 10 (Gasgoo.com) The Swedish bearing-maker SKF opens its new plant in Shanghai yesterday, a plant which is to support the rapid-growing demand from the local automakers in China.
Tryggve Sthen(second from right) at the ribbon-cutting ceremony for SKF's new plant
in Shanghai
"It's much more than the revenue it generated today; it's the revenues generated for the years to come, and that's equally important," said Tryggve Sthen, President of SKF Automotive Division. He said that the new plant will largely solve the problem that the local demand outpaced SKF's capacity.
Also SKF is to tap the fast-growing commercial vehicle market of
In order to increase SKF's product assortments coverage in the aftermarket segment in
SKF started local production in
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