The world largest bearing maker SKF has invested 723 million Yuan to set a comprehensive base including production, research and development in Shanghai recently. SKF built their core production base in the world largest auto maker to make sure to meet local needs for their products.
The production base takes for 45,000 square meters and they have auto bearing plant, technology center and logistics center and the technology center can meet market needs in Northeast Asia including Japan and South Korea and the logistics center will cover the whole Northeast Asia area.
SKF has signed agreement with Yuanjing Energy on wind power generation and they will also help the company with proper bearings and Chins is also the largest markets for wind power generation and they hope that they can raise sales revenues in China.
SKF sales revenues were 5.73 billion Yuan in 2013 and 42% are from Europe and Asia and North America take 24% markets, and it predicts that its sales revenues will rise largely.
