GOTEBORG, Sweden, Nov. 12, 2003 (PRIMEZONE) -- SKF France has announced its intention to close its bearing factory in Thomery, close to Fontainebleau at Seine et Marne. The factory has 206 employees and a yearly turnover of close to MSEK 200.
"This restructuring is necessary to improve the productivity and thus the competitiveness of the product range of small ball bearings and thin section bearings presently made at the Thomery plant," said Jean Tournoux, President of SKF France. The volumes manufactured at the Thomery plant would be transferred to other SKF factories, mainly in France.
The cost of this restructuring will be included in the provisions to be taken for the fourth quarter, which were announced in the nine-month report in October this year.
For further information, please contact: PRESS: Lars G Malmer, SKF Group Communication mobile +46 705-37 1541 e-mail: Lars.G.Malmer@skf.com IR: Marita Bjork, SKF Investor Relations tel. +46 (0)31 3371994 e-mail: Marita.Bjork@skf.com Aktiebolaget SKF, SE-415 50 Goteborg, Sweden, tel. +46 (0)31 337 1000 fax +46 (0)31 337 2832 www.skf.com
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