SKF Automotive Bearings Co. Ltd.
SKF (AB Svenska Kullagerfabriken) was founded in 1907, with headquarters and a laboratory in Gothenburg, Sweden, and an R&D center in the Netherlands. SKF is the leading global supplier in its field, offering products, customer solutions, and services for rolling bearings, seals and specialty steel, claiming 20% of the world market share. SKF has 80 manufacturing sites employing about 40,000, and an additional 20,000 distributors in 130 countries worldwide. Revenue in 2001 reached 24.6 billion U.S. dollars, and for the first 9 months of 2002, SKF Group’s revenue showed 25.3 billion, grossing 2.04 billion.