Latest In SKF
Profit decreases 8.6 percent year-over-year in the first quarter.
The SKF Solution Factory offers custom solutions, mechanical services and training courses.
Acquisitions to help SKF grow its service platform business.
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Fourth-quarter profit for the Swedish manufacturer was negatively impacted by costs associated with the acquisition of Kaydon.
Total sales increased slightly.
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SKF CEO: Acquisition highlights company’s commitment to the North American market.
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CEO: Strong automotive and weaker industrial business affected results.
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Sales in all regions except Latin America declined.
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Fourth-quarter sales were 7.8 percent below 2011 levels.
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Global bearing manufacturer is expanding and accelerating its cost reduction program announced in 2010.
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