SKF Group, a maker of precision bearings, will invest $3 million to expand its existing operations in North Charleston, South Carolina, with plans to produce parts in the US rather than Italy.
The firm will operate as part of its recently established global business unit, known as Super Precision and Specialty Bearings. The company will invest in a new production channel for super precision angular contact bearings, and it will help meet the growing needs of the U.S. market with domestic production, rather than importing from its Italian factories.
“It’s the SKF philosophy to try to have production close to its customers, and we have the sufficient volumes today to make these investments, with the prospects for good growth in the future,” said Jack Bellomo, general manager of the SKF North Charleston facility. “We expect to increase the number of shifts in the new channel within the next few years.”
“There is growing need for these products both in the original production and the repair of machine tool spindles and in medical equipment,” said Poul Jeppesen, CEO of SKF USA Inc. “The SKF Solution Factory concept, a technology and repair access point close to major customer locations, will have 15 regional locations in North America by 2016, and this new production channel will help supply the resulting demand. I am confident that the good local support from the state and the competent workforce will allow us to continue the progress we have made in South Carolina over the past 10 years.”
“We work hard everyday to recruit new companies to South Carolina, but it’s always exciting to see one of our existing businesses expand. When a firm like SKF chooses to grow here, it sends a message to other companies that South Carolina is a place where they can do well. We celebrate SKF’s decision to invest $3 million and create 25 new jobs in North Charleston,” said Gov. Nikki Haley.