Mumbai: SKF, global suppliers of bearings, seals and other related products, is infusing Rs 420 crore in India to establish two new manufacturing units. The company was investing Rs 150 crore in its upcoming plant in Uttarakhand and another Rs 270 crore in a new plant in Ahmedabad. While the Uttarakhand unit will cater to the automotive and two-wheeler industries, the Ahmedabad facility, which is hoped to begin production by the first quarter of 2009, will manufacture large size industrial bearings. The SKF group, which has 120 production units spread across 24 countries, first began trading operations in Kolkata in 1923 and has two bearing manufacturing plants in Bangalore and Pune.
The company was optimistic on the wind energy sector for its products in India, which was in the process of increasing its capacity from the present 7,113 MW to 45,000 MW. SKF had developed a new family of bearings that decrease energy consumption by at least 30 per cent compared to standard ISO products.
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