SKF continues to streamline production and improve efficiency

SKF continues to streamline production and improve efficiency

SKF has decided to close its manufacturing facility in Glasgow, United States,
and to reduce the number of employees at the Fontenay-le-Comte facility in
France. 

These are the most important steps in the Group's ongoing activities to reduce
costs and improve efficiency in its operations.

The total cost of these activities amounts to some SEK 360 million. Some SEK 300
million will be taken as restructuring expenses during this year's fourth
quarter. The remaining SEK 60 million will be taken during 2008 and 2009. The
annual benefit of the programme, fully implemented from 2010, amounts to some
SEK 120 million.

The different activities, that will run during 2008 and 2009 and will affect the
operations in USA, France and some other countries, will reduce the number of
employees with some 500 persons.

The cost of the programme will have a negative impact on the Automotive Division
during the fourth quarter 2007 with some SEK 265 million and on the Industrial
Division with some SEK 35 million. 

The closing of the Glasgow factory and the transfer of the production to the
Group's factory in Puebla, Mexico, are necessary to remain competitive in the US
automotive market.

Göteborg, 18 December 2007

Aktiebolaget SKF
(publ) 

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AB SKF may be required to disclose the information provided 
herein according to the Securities Markets Act and/or the Financial Instruments
Trading Act. The information was submitted for publication at 15.00 on 18
December 2007.
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For further information, please contact:
PRESS: Lars G Malmer, SKF Group Communication, tel: +46 31-337 1541, mobile: 
+46 705-371541, e-mail: lars.g.malmer@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46
705-181994,          
e-mail: marita.bjork@skf.com


Aktiebolaget SKF, 415 50 Göteborg, tel: 031 337 1000, fax 031 337 1722,
www.skf.com