Date: 2013-08-01

SKF Brazil Reports 2004 Sales Jump 10%

SKF do Brasil (Brazil, a subsidiary of SKF AB, Sweden) reported sales for the first half of 2004, up more than 10% over the same period in 2003.

Through the end of 2004, SKF said it expects sales inside Brazil to climb more than 15% over 2003.

Earlier this year, the company announced aggressive plans to expand production in Brazil, answering strong domestic demand and in an effort to move into local export markets.
• article: SKF Brazil expands bearing production and exports

SKF Brazil imports 55% of its bearings from SKF plants in Sweden, Germany and France. The Brazilian plant produces the other 45% in its plant in Camajar, exporting a growing proportion of its output to SKF distribution facilities around the world.

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