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SKFRY SKF Ab (PK)

20.13
0.11 (0.55%)
28 Jun 2024 - Closed
Delayed by 15 minutes
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
  0.11 0.55% 20.13 19.71 20.49 20.14 20.08 20.13 7,104 21:01:20

SKF Gets SEK370 Million Supply Deal From Hyundai Motors

13/01/2014 9:44am

Dow Jones News


SKF Ab (PK) (USOTC:SKFRY)
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From Jun 2019 to Jun 2024

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    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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