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0NWW Ab Skf

188.80
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ab Skf LSE:0NWW London Ordinary Share SE0000108201 SKF ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 188.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Steel Foundries, Nec 103.88B 6.4B 14.0441 1.46 9.36B

SKF Hosts Capital Markets Day; Continues Investment in Manufacturing Automation

29/11/2018 7:17am

PR Newswire (US)


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GOTHENBURG, Sweden, Nov. 29, 2018 /PRNewswire/ -- SKF is today hosting a Capital Markets Day in Schweinfurt, Germany. Participants will be given an update on the Group's strategic, financial and operational development. Focus will also be placed on the Group's value propositions around the rotating shaft and activities under implementation to reduce net working capital.

The Group's investments in manufacturing and product development initiatives will also be presented, as well as achievements and focus areas within the Automotive business.

Continued investment in automation

The Group continues to deliver on its strategy of implementing automated manufacturing technologies through two investments totalling SEK 150 million:

  • An automated production line, with flexible machining technology, for rollers used in large-size bearings in Schweinfurt, Germany.
  • An automated deep groove ball bearing assembly line in St Cyr, France.

Both investments contribute to increased competitiveness, flexibility and quality and are expected to be completed during the first half of 2020.

Presentations from the Capital Markets Day will be streamed via the Group's IR website (http://www.skf.com/group/investors/) from 13:00 Central European Time.

Aktiebolaget SKF

(publ)

For further information, please contact:

PRESS: Theo Kjellberg, Director, Press Relations
Tel: 46-31-337-6576, mobile: 46-725-776576, e-mail: theo.kjellberg@skf.comĀ 

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/skf/r/skf-hosts-capital-markets-day--continues-investment-in-manufacturing-automation,c2685839

The following files are available for download:

http://mb.cision.com/Main/637/2685839/954309.pdf

Full release in pdf

Cision View original content:http://www.prnewswire.com/news-releases/skf-hosts-capital-markets-day-continues-investment-in-manufacturing-automation-300757474.html

SOURCE SKF

Copyright 2018 PR Newswire

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