SKF announced the inauguration of its new facility in Monterrey, Mexico, a greenfield factory investment totaling SEK 700 million, the company said.
It will support SKF’s strategic development in the Americas and meet customer needs as the focus on electrification increases. The investments are also an important step in SKF’s ongoing Automotive portfolio re-positioning toward the electric vehicle drivetrain and commercial vehicle segments, according to SKF.
In SKF’s fourth factory in Mexico, deep-groove ball bearings (DGBB) for North American car manufacturers will be developed and manufactured, as well as tapered roller bearings (TRB) for industrial customers, for example in the Agri market, and commercial vehicle applications, the company added.
The Monterrey factory is expected to generate some 1,200 jobs once fully operational.
“Building on over 100 years of presence in Mexico, it is fantastic to see our new factory now being inaugurated. Investing in engineering and manufacturing capabilities in the strategically located Monterrey will make us stronger and more flexible and increase our competitiveness in the Americas,” said Rickard Gustafson, president and CEO.
