GOTHENBURG, Sweden, Nov. 26, 2019 /PRNewswire/ — SKF’s slewing bearing manufacturing footprint in North America is being consolidated. As a result, the Group’s factory in Kalos, Mexico, will be closed during the fourth quarter of 2019. Customers will continue to be served from the Group’s other slewing bearing factories in North America, including in Monterrey, Mexico.
Restructuring costs for the closure are expected to amount to around SEK 40 million, to be accounted for in the fourth quarter of 2019.
Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: [email protected]
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; [email protected]
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SOURCE SKF
