SKF consolidates its North American automotive seals manufacturing

SKF consolidates its North American automotive seals manufacturing 

SKF announces plans to transfer the manufacturing of automotive seals products
from its facility in Elgin, Illinois, United States to other SKF seals factories
in Mexico and the US. The consolidation is necessary to remain competitive in
the US automotive market.

The total cost of these activities amounts to around SEK 60 million, whereof SEK
35 million will be taken as restructuring expenses in Q4 this year and SEK 25
million during 2009. The annual benefit of the programme, fully implemented from
2010, amounts to around SEK 30 million.

The consolidation process is expected to take place over a period of 12 months
and will affect about 160 employees out of 430 employees in total at the Elgin
site. 

Göteborg, 27 October 2008 

Aktiebolaget SKF
(publ) 



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 14.15 pm CET on 27 October 2008.






For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile:
+46 706-973260, e-mail: ingalill.ostman@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46
705-181994, e-mail: marita.bjork@skf.com




SKF is a leading global supplier in the areas of bearings, seals, mechatronics,
services and lubrication systems. The Group's service offer includes technical
support, maintenance services, engineering consultancy and training. SKF is
represented in more than 130 countries and has 15,000 distributor locations
worldwide. The Group's annual sales 2007 were SEK 58,559 million. The number of
employees was 42,888.