A portion of the production of Sweden-based SKF is moved from South Korea to Mexico.
steel orbis
India
12-12-2023
Share
Global bearing manufacturer SKF, headquartered in Sweden, has moved some of its automotive bearing production from its Busan, South Korea, factory to plants in China, India, and Puebla, central Mexico."By transferring the supply of products to SKF's factories in Puebla, Mexico, Pune, India, and Shanghai ATC, China, these businesses will be closer to their existing customers," the business stated in a statement."This also supports the Group's Automotive strategy and the ongoing portfolio re-positioning towards the electric vehicle drivetrain and commercial vehicle segments," the business stated. SKF in Mexico has plants in the northern state of Nuevo León and in the central state of Puebla, the company employed 1,837 people as of the end of last year, according to company information, seen by SteelOrbis. The company produces steel bearings for the automotive industry, for the industrial sector and the agricultural industry.