Present Day Business
Today, SKF is the largest bearing manufacturer in the world and employs approximately 40,000 people in approximately 100 manufacturing sites that span 70 countries. Turnover for FY2005 was SEK49,285 million, and total assets were SEK40,349 million. The SKF Group currently consists of approximately 150 companies including the seal manufacturer Chicago Rawhide. Since its founding, SKF's company headquarters have been located in Gothenburg. One recent acquisition was that of Economos, part of Salzer Holding, an Austria-based seal company, Jaeger Industrial and ABBA, Taiwanese manufacturers of linear actuators.
The company's clients include General Electric, Rolls-Royce plc and Pratt and Whitney. It also supplies bearings for Ferrari racing vehicles, used in Formula One races, and is a sponsor of F1. Another focus area is the energy sector, including wind turbines which generate electricity.
SKF currently sponsors Penske Racing in NASCAR.
SKF is a member of World Bearing Association (WBA).
Read more about this topic: SKF
Famous quotes containing the words present, day and/or business:
“In any weather, at any hour of the day or night, I have been anxious to improve the nick of time, and notch it on my stick too; to stand on the meeting of two eternities, the past and the future, which is precisely the present moment; to toe that line.”
—Henry David Thoreau (1817–1862)
“If the day comes when they know who
They are, they may know better where they are.
But who they are is too much to believe—
Either for them or the onlooking world.
They are too sudden to be credible.”
—Robert Frost (1874–1963)
“I’m afraid, Mr. Goldwyn, that we shall not ever be able to do business together. You see, you’re an artist, and care only about art, while I’m only a tradesman and care only about money.”
—George Bernard Shaw (1856–1950)