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Name | Symbol | Market | Type |
---|---|---|---|
SKF Ab (PK) | USOTC:SKFRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 0.20% | 20.17 | 20.18 | 20.22 | 20.392 | 20.14 | 20.392 | 21,617 | 19:47:05 |
By Dominic Chopping
STOCKHOLM--Sweden's SKF AB (SKF-B.SK), the world's largest ball bearing maker, said Monday it has been awarded a supply deal worth SEK370 million from Hyundai Motor Co. Ltd. (005380.SE).
MAIN FACTS:
-Within the terms of the agreement, SKF will deliver the recently launched MacPherson suspension bearing unit (MSBU).
-The solutions will be equipping both Hyundai and Kia vehicles like Ceed, Forte, Soul, i30, Sonata, K5, i40, Grandeur, K7, Santa Fe and Sorento.
-The length of the business is expected to last the life of each car model.
-SKF started deliveries of the MSBUs during 2013 from their factory in Busan, Korea.
-At 0910 GMT shares traded 0.6% higher at SEK171.50.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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