SKF India to expand capacity at Ahmedabad unit

16 Dec 2011 Evaluate

Bearings maker SKF India plans to expand manufacturing capacity at its unit in Ahmedabad. The company manufactures industrial bearings at Ahmedabad unit and is now looking at expanding the capacity of medium and large size bearings for industrial use. The unit will cater to sectors like renewable energy, construction and railways, among others. The company has 27 per cent market share in organised sector for bearings manufacturing in India.

SKF also has two fully operational manufacturing plants in Pune and Bangalore. Apart from the large plant in Ahmedabad, the company has a facility in Haridwar for making ball bearings used in automotive applications. The company inaugurated a global technical centre at Bangalore. The centre plans to have 400 engineers by 2015 and an investment of Rs 50 crore is envisaged to make it a technology hub.

SKF India Share Price

3249.55 17.85 (0.55%)
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Company Name CMP
Schaeffler India 2114.45
SKF India 3249.55
Timken India 1931.30
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Bimetal Bearings 303.55
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