Edition:
United States

AB Skf (SKFb.ST)

SKFb.ST on Stockholm Stock Exchange

157.65SEK
14 Jun 2019
Change (% chg)

-3.95kr (-2.44%)
Prev Close
161.60kr
Open
161.00kr
Day's High
161.60kr
Day's Low
157.65kr
Volume
1,927,006
Avg. Vol
1,816,231
52-wk High
182.00kr
52-wk Low
127.35kr

Latest Key Developments (Source: Significant Developments)

SKF says Fiat, Bosch has initiated lawsuits related to European Commission settlement
Thursday, 25 Apr 2019 03:23am EDT 

April 25 (Reuters) - AB Skf ::SKF SAYS FIAT CHRYSLER HAS INITIATED LAWSUIT AGAINST SKF AND OTHER BEARINGS MAKERS RELATED TO EUROPEAN COMMISSION SETTLEMENT.SKF SAYS BOSCH HAS ALSO INITIATED LAWSUIT.  Full Article

SKF consolidates industrial seals manufacturing footprint in North America
Tuesday, 24 Oct 2017 10:30am EDT 

Oct 24 (Reuters) - Ab Skf :Skf consolidates industrial seals manufacturing footprint in north america.‍as part of process, skf intends to close its manufacturing site in seneca, kansas​.‍production will be transferred to other sites in north america, development and manufacturing facility in salt lake city, where investments are being made in increasing technical capabilities and capacity​.‍consolidation process supports skf's long-term ambition of integrating regional manufacturing, engineering and technology efforts​.‍transfer from seneca will take place over next 18 months and will impact approximately 170 staff​.  Full Article

SKF replaces Bearing Operations chief Graux, Viitanen to take over
Friday, 8 Sep 2017 06:00am EDT 

Sept 8 (Reuters) - SKF :SKF makes changes to group management.Says Kent Viitanen is appointed president, Bearing Operations.Says Viitanen is succeeding Luc Graux, who will take up a new role within Bearing Operations.Viitanen was previously Senior Vice President, Group People, Communication and Quality."This change ensures we have leadership in place to implement our already announced investments in world-class manufacturing and digitalisation of our supply and logistics chain," says SKF CEO Alrik Danielson .  Full Article

Swedish auto supplier SKF to pass on impact of U.S. Mexico tariffs

STOCKHOLM, May 31 Sweden's SKF said it would pass on the impact from U.S. tariffs on its industrial seals and bearings produced in Mexico to customers after U.S. President Donald Trump threatened to slap tariffs on imports from its southern neighbour.