After a drab end to 2013, Swedish ballbearing makers SKF anew posted a profit in its first quarter review. It could spell good news for the manufacturing industry worldwide.
The world's largest industrial ball bearing makers on Friday said it would set aside almost half a billion dollars to pay a possible fine, as the European Commission looks into whether SKF broke anti-trust laws.
Swedish ball bearing manufacturer SKF announced Tuesday a decrease of its net profit in the third quarter, amid lower-than-expected sales in its industrial business.
Sweden's SKF, the world's biggest maker of industrial bearings, announced on Thursday it had acquired US bearings manufacturer Kaydon for $1.25 billion (€948 million).
Sweden's SKF, the world's biggest maker of industrial bearings, has reported a second quarter profit ahead of analyst forecasts, with stock markets responding positively to the news on Tuesday morning.
Sweden's SKF, the world's biggest maker of industrial bearings, announced on Monday it was cutting 2,500 jobs, a move widely regarded as a tell-tale sign of tougher times ahead for the manufacturing industry.
Swedish ball-bearings giant SKF was among the companies inspected by European anti-trust authorities on Tuesday in a series of surprise visits in several European Union states.
Historical documents related to the capture of seven Swedes by the Gestapo in Poland in 1942 puts Sweden's subsequent ball bearing deliveries to Nazi Germany in a new light, argue historians <b>Susanne Berger</b> and <b>Ingela Magner</b>.
Sweden's SKF, the world's biggest maker of industrial bearings, announced strong third quarter results on Tuesday, as well as the purchase of US-based engineered lubrication systems maker Lincoln Industrial.
Swedish ball bearing manufacturing SKF on Wednesday reported a 77 percent drop in earnings for the second quarter, blaming weak sales and restructuring costs.
Swedish firm SKF, the world's largest manufacturer of ball bearings, has shrugged off a local politician's vocal press criticism and is pushing ahead with plans to shut down a factory in France.
Swedish ball bearings manufacturer SKF announced on Tuesday that weakening demand in the automotive and industrial sectors has forced the company to trim its global workforce by 2,500 jobs.
Bearing company SKF has announced that it is to build a factory in Russia in order to make taper bearing units to supply to the growing Russian railway market. The factory will also have a channel dedicated to reconditioning of bearings.
Swedish ball bearing manufacturer SKF has reported record sales and profit for the second quarter of 2007. The results were better than expected, with a profit before taxes of 1,957 million kronor (294 million dollars). That compares to 1,520 million kronor for the same period last year.
The Swedish group SKF, the world's leading maker of ball bearings, on Thursday said it would cut 150 jobs in France in response to weakening demand due to client relocations to low-cost countries.
