Sweden’s SKF announces investment for a factory in Mexico

The first production lines in Monterrey are expected to open in mid-2023

Sweden-based SKF, a supplier of rolling bearings, seals, mechatronics and lubrication systems, announced that it is strengthening its value chain in North America with investments of SEK700 million (around USD67 million) towards locating engineering and manufacturing capabilities in a new, greenfield facility in Monterrey, Mexico, according to a press release dated 2 February.