SKF announced a North American plant relocation

June 12, according to the Swedish "industrial Daily" reported June 10, the Swedish company SKF has announced the re-layout of its North American factories. Specific plans: to close its plant in Maryland and California; the original Maryland aircraft bearing processing business moved to Pennsylvania; Pennsylvania factory original stock moved to Georgia.
The restructuring plan aims to save costs since 2019 annually 220 million kronor (US $ 26.64 million), the whole project is expected will take 18-24 months to complete, budget to 300 million kronor (US $ 36.33 million) . Summer of 2016, SKF will close its factory in Puebla, Mexico.