AB SKF (SKFRY.PK)
27 Feb 2017
STOCKHOLM Sweden's SKF, the world's largest maker of industrial bearings, said it expected demand to remain at the current level in the near term after posting a fourth quarter core profit in line with market forecasts, sending shares lower.
* Says demand rose gradually through Q4 (Adds background, detail, CEO comment, shares)
* Organic sales drop 0.6 pct, down for sixth straight quarter
GOTHENBURG, Sweden, Sept 13 Swedish bearings maker SKF is betting on automated manufacturing to help it stay global market leader in an industry hit by sluggish demand and weak pricing, with its first fully automated assembly line set to be running by early 2017.
* Says SKF technologies selected by Scania for new generation of trucks