SKF Brazil Reports 2004 Sales Jump 10%

SKF do Brasil (Brazil, a subsidiary of SKF AB, Sweden) reported sales for the first half of 2004, up more than 10% over the same period in 2003. Through the end of 2004, SKF said it expects sales inside Brazil to climb more than 15% over 2003. Earlier this year, the company announced aggressive plans to expand production in Brazil, answering strong domestic demand and in an effort to move into local export markets. • article: SKF Brazil expands bearing production and exports SKF Brazil imports 55% of its bearings from SKF plants in Sweden, Germany and France. The Brazilian plant produces the other 45% in its plant in Camajar, exporting a growing proportion of its output to SKF distribution facilities around the world.