Date: 2013-08-01

SKF India Begins Construction of Haridwar Project

SKF India, the leading technology and solutions provider of bearings, seals and related products, today announced the beginning of work for the new manufacturing site in Haridwar, Uttarakhand. The state of the art SKF technology will be operational by January 2010.The company will be investing 1500 million INR in this project and plans to employ more than 200 people. This plant will specifically cater to the automotive market segment in India. Situated over an area of 10 acres, the new bearing factory will have a production capacity of 40 million bearings. Deep Groove Ball Bearings will be manufactured at this site to cater to the demands of the automotive and manufacturing sector.

Commenting on the occasion, Rakesh Makhija, Managing Director, SKF India Ltd. said, "The last few months have been challenging for the economy. As a company we continue to be very positive on the Indian market. This expansion is yet one more step towards demonstrating SKF's commitment to being a market leader. Uttarakhand is an emerging industrial hub in the country. SKF's strategic move to increase production capacity through the Haridwar plant signifies our commitment to serve our customers effectively & will allow SKF to further increase its share in the developing 2 wheeler and automotive market."

SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group's service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. The Group's annual sales 2008 were SEK 63,361 million. The number of employees was 44,799.

In India, the SKF Group started trading operations in Kolkata in 1923 and since then the Group's operations have been consolidated into SKF India Limited. The company has manufacturing plants in Bangalore and Pune. SKF India also has an associate company called SKF Technologies (India) Pvt Ltd providing sealing solutions.

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