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:
“A book is not an autonomous entity: it is a relation, an axis of innumerable relations. One literature differs from another, be it earlier or later, not because of the texts but because of the way they are read: if I could read any page from the present time—this one, for instance—as it will be read in the year 2000, I would know what the literature of the year 2000 would be like.”
—Jorge Luis Borges (1899–1986)
“This day I breathèd first—time is come round,
And where I did begin, there shall I end.
My life is run his compass.”
—William Shakespeare (1564–1616)
“Half the business is done, when one has gained the heart and the affections of those with whom one is to transact it.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)