SKF Bearings Group published its Sales Report in the first three quarter of 2011, SKF Group sales were significantly higher and increased by 14.2%. In Europe they increased by 14.0%, in North America by 15.8%, in Asia by 16.9% and in the Middle East and Africa by 12.2%. In Latin America sales increased by only 2.9%, affected by the introduction of a new warehousing operation.


The demand for SKF bearings and service is expected to be significantly higher for the Group as well as for Asia and Latin America. For Europe and North America it is expected to be higher. It will be significantly higher for the Industrial Division and for the Service Division and higher for the Automotive Division.


Manufacturing level

The SKF manufacturing level will be significantly higher year on year and relatively unchanged compared to the second quarter, adjusted for normal seasonality.



SKF CEO said that "Despite the increased uncertainty in the market we expect a good demand development for the Group in the third quarter, excluding the normal seasonality impact. We will continue to invest in our business and take the necessary steps to offset the high raw material costs and currency headwinds."




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