19 Facts About SKF

1.

AB SKF is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907.

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2.

SKF is one of the largest companies in Sweden and among the largest public companies in the world.

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3.

Development of SKF is a significant part of the Swedish and global machine industry development.

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4.

AB SKF is established in Gothenburg in 1907 with the initial capital and startup project for ball bearing manufacturing of Gamlestadens Fabriker AB, under the guidance of co-owners and members of the board Axel Carlander and Knut Johansson Mark, following the invention of the spherical ball bearing by engineer Sven Wingquist.

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5.

SKF was an operations engineer in Gamlestadens Fabriker AB and was then appointed CEO and technical manager in SKF.

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6.

SKF graduated Orebro Technical Elementary School in 1894, whereafter he started working as an engineer in Swedish textile factories, respectively Jonsereds Fabriker from 1896 to 1899 and Gamlestadens Fabriker AD from 1899 onwards.

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7.

SKF graduated in civil engineering at KTH Royal Institute of Technology in Stockholm in 1916 and became a Doctor of Technology in 1930 with dissertation thesis on the capacity of ball bearings.

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8.

Startup and growth of SKF depends not only on technical inventions but on industrial and corporate management strategies and power.

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9.

SKF graduated from the Gothenburg Trade Institute in 1886 and he is second generation industrialist with education and significant managerial experience in the field of economics, trade and industry.

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10.

Main corporate strategies of SKF have always been focused on the development and maintenance of the manufactured bearings and the manufacturing bases.

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11.

Three years after SKF was founded, the company had 325 employees and a subsidiary in the United Kingdom.

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12.

SKF began its operations in India in 1923 by establishing a trading outpost in Calcutta.

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13.

In 1963, SKF set up its first bearing factory in Pune, Maharashtra.

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14.

SKF funded the production run of the first thousand cars, built at Hisingen in Gothenburg, beginning in 1927.

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15.

SKF used one of the company's trademarked names: AB Volvo, which derives from the Latin "I roll", with its obvious connotations of bearings in motion.

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16.

SKF India, established in 1961, is the company's Indian subsidiary.

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17.

SKF India is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange.

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18.

SKF has a large presence in the Indian bearing industry.

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19.

SKF India employs 1762 people, more than 1900 suppliers and 455 authorized distributors.

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