Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.
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Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.
Bearing manufacturer sees sales drop 16.6% in first six months of 2020 as soft demand environment hits top-line performance.
Latest investment from Swedish bearing and seal manufacturer will expand current Chinese plant.
Presenso is a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software.
Presenso's AI capability enables production plants to find and act on anomalies that were previously difficult to detect, automatically and without the need to employ data scientists.
The announcement comes immediately following the departure of SKFs current CFO, Christian Johansson.
Organic sales were relatively unchanged compared to last year.
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Company proposes closing UK manufacturing site in Stonehouse, England.
The divestment will have a positive effect on the operating result for the Swedish manufacturer in the fourth quarter.
Swedish manufacturer agrees to sell business to Triton in cash deal.
Company to close sites in San Diego, CA, and Baltimore, MD.
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Company to divest its fly-by-wire and Kaydon velocity control businesses.
