Ball-Bearing Maker SKF to Cut Production Key Component Demand Seen as Health Indicator for European

Posted on: October 27, 2014

Swedish ball bearing producer SKF AB said it would cut its production rate in the months ahead to further reduce inventory as demand in the third quarter slumped, particularly in Europe and in the company’s automotive business. SKF, the world’s leading supplier of ball bearings used in products from aircraft and machine tools to cars and dishwashers, reported a 21% jump in net profit to 1.41 billion Swedish kroner ($196 million) for...

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