As part of the nomination process agreed upon at the Annual General Meeting in 2004, the four largest shareholders of AB SKF with regard to the number of votes held, who…
AB SKF, Rautaruukki Corporation and Wärtsilä Corporation have today signed a Memorandum of Understanding, expressing their intention to combine long steel businesses into a jointly owned new company (“NewCo”).
SKF has announced on Thursday its intention to purchase the outstanding publicly held shares of its Indian subsidiary company SKF India Limited and delist it under the Securities and Exchange Board of India Delisting Guidelines (Delisting Guidelines).
SKF reports an increase in sales of 16.4% for the fourth quarter and 11.8% for the full year, measured in local currencies and compared to last year. The operating margin was 10.7% for the fourth quarter and 10% for the full year.
Henrik Lange has been appointed President, SKF Industrial Division. He will take up his position on January 24. He replaces Alrik Danielson who will leave the Group to become CEO of Höganäs.
SKF has sold Ovako La Foulerie, its plant for hot rolled rings in Carignan, France, to the Italian steel company Fomas S.p.A.
SKF opens on Wednesday, November 3, an Industrial Services Centre in Moscow, Russia, to widen its range of advanced services in Russia and other CIS (Commonwealth Independent States) countries. The Service Centre in Moscow will include bearing reconditioning and spindle service for machine tools.
SKF reports for the third quarter of 2004 a 14.1% increase in sales, measured in local currencies, compared to the same period in 2003. The operating margin for the quarter was 10.6% (8.4). The price/mix increased by 2.3%. Cash flow continued to be strong.
In accordance with a resolution taken at the Annual General Meeting of AB SKF on April 20, 2004, this is to announce the representatives of the four largest shareholders, …
For the fifth year in succession, SKF has been selected to be a member of Dow Jones’ Sustainability World Indexes (DJSI World) and the pan-European sustainability benchmark (DJSI STOXX).
