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Corporate - New Projects
SKF's Haridwar plant plans

Mumbai, April 27

SKF India, a major supplier of bearings, seals and lubrication systems, said its manufacturing facility in Haridwar, Uttarakhand, will become operational in January 2010. The company will invest Rs 150 crore in this project and employ 200 people in the plant, said a release here. The new plant will have the capacity to produce 40 million bearings annually. SKF's move to increase production capacity through the Haridwar plant signifies its commitment to further increase its share in the developing two-wheeler and automotive market, said Mr Rakesh Makhija, Managing Director. - Our Bureau

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