SKF invests in new factory for large bearings in India

SKF invests in new factory for large bearings in India

SKF has decided to invest SEK 450 million to build a greenfield factory in India
for the manufacturing of large size bearings.

The factory is expected to start manufacturing in 2008 and will, when fully
utilized, employ some 300 persons.

- This is a further investment that SKF is making to support the strong global
demand for large size bearings, driven by the fast growth in segments such as
wind energy, mining, steel and off-road segments, says Mr Tom Johnstone,
President and CEO of SKF. 

Last year SKF inaugurated a new factory for large size bearings in China and at
the beginning of this year announced a large investment in its Swedish factory
in Göteborg to increase the capacity for large size bearings.

- With this new investment and the investment announced earlier this year in a
factory for ball bearings in India, the SKF Group will have five manufacturing
sites in the country. SKF has been present in India since 1923 and in recent
years we have a strong development of our business in India. These investments
show our continued commitment to the fast growing Indian market, Mr Johnstone
said.
The new factory will supply the Indian market as well as the international
markets.

Göteborg, 7 June 2007

Aktiebolaget SKF
(publ.)	



For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel. +46 (0)31 337 1541, mobile:
+46 (0)705-371541, e-mail: Lars.G.Malmer@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 (0)31 337 1994, mobile: +46
(0)705-181994,    e-mail: marita.bjork@skf.com	


Aktiebolaget SKF
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Tel. +46 31 337 10 00  Fax. +46 31 337 17 22  www.skf.com