It is reported that SKF inaugurates two new factories in India. The opening of these facilities supports the growing demand in India and strengthens SKF's manufacturing presence in the fast developing markets in Asia. At the end of last year SKF also inaugurated a Global Testing Center in Bengaluru and a Solution Factory in Pune.

Mr Tom Johnstone president and CEO of SKF said that SKF has been present in India for more than 85 years and it is a very important market for us, both in terms of business and for the development of products. The opening of these new factories, which means that we now have five factories in India, shows our strong commitment to supporting our growth in India and in Asia.

He said that the Haridwar factory is inaugurated on April 7th and will primarily serve the two wheeler manufacturers in Uttarakhand, an emerging industrial hub, and further contribute to the growing vehicle aftermarket in India. The investment amounts to around SEK 250 million and the factory will employ around 200 people.

The Ahmedabad factory will open on April 8th 2010 and will manufacture medium to large size bearings of various types to serve customer segments such as railways, wind and heavy industries. It is strategically located in one of the most industrialized and fastest growing areas of India. The investment amounts to around SEK 450 million and the factory will employ around 300 people when full capacity is reached.

(Sourced from www.azom.com)