Date: 2013-08-01

SKF sold steel plant in France

SKF has sold Ovako La Foulerie, its plant for hot rolled rings in Carignan, France, to the Italian steel company Fomas S.p.A.

The French company has 195 employees and annual sales of some 29 million euros. The major part of the production has been sold within the SKF Group, but also other bearing companies are customers.

The sale is as from January 1, 2005, and does not create any capital gain or loss.

Agreements have also been signed with La Foulerie covering purchase of steel from Ovako and supply of hot rolled rings to SKF factories.

The decision to sell Ovako La Foulerie is in line with the Group's strategy to divest none core component manufacturing.

Previous: HWSB has been Awarded as Advantaged Enterprise in Solving reemployment
Next: Minebea's Donation to the 2005 Special Olympics World Winter Games, Nagano

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
YT223016 IKO	22	30	16
YT2120 IKO	21	29	20

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.