News from skf A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle. Articles that appear in this section may be written in English or other languages

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16:50 BST SKF Issues SEK 3 Billion Bond

Today, SKF has issued a bond of SEK 3 billion with a four-year maturity, which expires on 10 June 2024. The bond was issued in two tranches with SEK...


07:23 BST SKF Factories to be Carbon Neutral by 2030

Since 2015, SKF has decreased its manufacturing carbon footprint by 36% and is already operating two carbon neutral factories. Today, SKF announces...


23 Apr, 2020, 06:20 BST SKF First Quarter Report 2020: Continuing to Deliver Strong Results and Cash Flow

Alrik Danielson, President and CEO: "We have delivered another very strong set of results, despite falling demand connected to the Covid-19 pandemic. ...


09 Apr, 2020, 14:20 BST SKF to Publish First Quarter Results on 23 April

The SKF Group will publish its first quarter results at approximately 07:00 (CEST) on 23 April 2020. As of this quarter, SKF will report adjusted...


27 Mar, 2020, 11:31 GMT SKF Announces Changes to Group Management

Carina Bergfelt, General Counsel and Senior Vice President, Group People, Communication and Legal, will step down from Group Management from 31...


26 Mar, 2020, 13:30 GMT Annual General Meeting of AB SKF

The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held in Gothenburg on Thursday, 26 March 2020. The income...


23 Mar, 2020, 17:46 GMT AB SKF's Board of Directors Proposes Changed Dividend

As a precautionary measure in this uncertain economic environment, the Board of Directors of AB SKF has decided to propose to the Annual General...


19 Mar, 2020, 17:43 GMT SKF Takes Steps to Reduce Impact of Initiatives from Authorities and Customers

The industries and regions in which SKF operates are being impacted by initiatives by authorities and SKF's customers related to the spread of the...


16 Mar, 2020, 15:46 GMT SKF Annual General Meeting - Precautionary Measures Because of Covid-19

As a result of the current spread of the Covid-19 virus, SKF is making the following changes to its Annual General Meeting on 26 March: The Annual...


04 Mar, 2020, 12:14 GMT SKF Annual Report 2019 Published

AB SKF's Annual Report 2019 has today been published on the Group's website. The report focuses on SKF's operations and value creation for customers, ...


28 Feb, 2020, 07:52 GMT Announcement of Change in the Total Number of Votes in AB SKF

Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As...


20 Feb, 2020, 08:16 GMT SKF Increases Shift Towards Carbon Neutral Manufacturing

SKF's automotive bearing factory in Tudela, Spain, has become the Group's second manufacturing site to achieve carbon neutral status. Together with...


17 Feb, 2020, 07:53 GMT SKF: Notice of Annual General Meeting

Gothenburg, 17 February 2020: Notice is hereby given that the Annual General Meeting of Aktiebolaget SKF, reg. no. 556007-3495, will be held at SKF...


04 Feb, 2020, 12:41 GMT SKF Year-end Report 2019

Alrik Danielson, President and CEO: "2019 has been a solid year for SKF. We saw stable demand during the first half of the year. During the last six...


31 Jan, 2020, 07:23 GMT Håkan Buskhe and Susanna Schneeberger Proposed as New Board Members of AB SKF

SKF's Nomination Committee proposes Håkan Buskhe and Susanna Schneeberger as new Board members of AB SKF. Håkan Buskhe will assume the role as CEO of ...


24 Jan, 2020, 07:59 GMT SKF Consolidates Product Development, Proposes To Cease Activities in Scotland

In order to speed up the development of cloud-based condition monitoring technologies, SKF is consolidating its development footprint in Europe....


17 Jan, 2020, 07:50 GMT SKF's Year-end Results to be Published on 4 February 2020

The SKF Group will publish its year-end results on 4 February 2020 at approximately 13:00 (CET). Investors, analysts and media are invited to take...


20 Dec, 2019, 11:01 GMT SKF's Capital Markets Day Will be Held on 4 November 2020

In November 2020, SKF will arrange its Capital Markets Day in co-ordination with Sandvik and Volvo Group. The capital markets days will include...


06 Dec, 2019, 07:52 GMT Gerdau and SKF in Agreement to Improve Productivity at Brazilian Steel Mills

Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and...


26 Nov, 2019, 13:16 GMT SKF Consolidates Slewing Bearing Footprint, Closes Factory in Kalos, Mexico

SKF's slewing bearing manufacturing footprint in North America is being consolidated. As a result, the Group's factory in Kalos, Mexico, will be...


11 Nov, 2019, 13:12 GMT SKF Acquires Software Development Start-up

SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up company. FAS has developed GoPlant, a...


08 Nov, 2019, 07:47 GMT SKF Issues its First Green Bond

SKF has, as one of the first industrial companies, issued a green bond. The bond will raise EUR 300 million to fund eligible green projects in...


07 Nov, 2019, 08:05 GMT SKF Completes EUR 255m Buy-back of Bonds Maturing 2020 and 2022, Updates Financial Net

SKF has completed the buy-back of EUR 51 million and EUR 204 million of outstanding bonds maturing in 2020 and 2022 respectively. Financial net for...


04 Nov, 2019, 07:58 GMT BillerudKorsnäs and SKF Partner to Improve Performance of Karlsborg Mill

BillerudKorsnäs and SKF are partnering to reduce maintenance costs and improve production output and sustainability performance at Karlsborg Mill in...


31 Oct, 2019, 15:42 GMT SKF Completes Acquisition of Presenso

SKF has completed the previously announced acquisition of Presenso Ltd. Presenso is a company that develops and deploys artificial intelligence...