SFK Group will expand its existing operations in Charleston County, S.C., representing an investment of $3 million.
“It’s the SKF philosophy to try to have production close to its customers, and we have the sufficient volumes today to make these investments, with the prospects for good growth in the future,” said Jack Bellomo, general manager of the SKF North Charleston facility, in a written statement. “We expect to increase the number of shifts in the new channel within the next few years.”
The maker of precision bearings is expanding its North Charleston facility, and will operate as part of its recently established global business unit, known as Super Precision and Specialty Bearings. The company will invest in a new production channel for super precision angular contact bearings, and it will help meet the growing needs of the U.S. market with domestic production, rather than importing from its Italian factories.
“There is growing need for these products both in the original production and the repair of machine tool spindles and in medical equipment,” said Poul Jeppesen, CEO of SKF USA. “The SKF Solution Factory concept, a technology and repair access point close to major customer locations, will have 15 regional locations in North America by 2016, and this new production channel will help supply the resulting demand.”
The company also has a second facility in the Charleston area, Venture Aerobearings, which is a joint venture with GE.