Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

SKF Expands Sumter, South Carolina, Manufacturing Facilities

12/02/2019
SKF, a global leader in bearing manufacturing, will invest $26 million to expand its operations complex in Sumter, South Carolina.

The company manufactures bearings of all sizes and serves applications and markets, including military, medical, semiconductor and the standard catalogue business. Operating in two facilities located at 925 Corporate Circle and 840 Corporate Circle in Sumter, the company’s world-class manufacturing, industry 4.0 orientation activities and increased demand are leading to a new line design and installation of state-of-the-art equipment and handling systems. The expansion is expected to be completed by December of 2020.

“SKF is proud to have a home here in Sumter. We are committed to world-class manufacturing and providing a world of reliable rotation through a talented and engaged workforce. We are grateful for the collaborative efforts of local government and community officials in establishing a business-centric environment where SKF can feel confident in investing in our facility and creating valued jobs. We look forward to the continued success of our SKF Sumter manufacturing team as they advance the world of next-generation bearing manufacturing,” SKF Sumter Director of Operations Marcus Jakob said.

“We work hard every day to recruit new companies to South Carolina, but it’s even more exciting to see one of our existing businesses expand. When a company like SKF grows its operations, it sends a message to other businesses that South Carolina is a place where they can thrive. We celebrate SKF’s decision to invest $26 million and create 10 new jobs in Sumter County,” Governor Henry McMaster said.

“We are always thrilled to announce company expansions in Sumter, as it highlights our ability to produce quality products and superior talent that promote growth and vitality for our industrial partners and our community, said Sumter Mayor Joseph McElveen.

“We are fortunate to have companies that are true partners who are not only committed to the growth of their business, but also to the well-being of our citizens and neighbors. Our task is to continuously regenerate the talent needed to deliver outstanding results for our partners bearing all confidence in our ability to perform,” Sumter Economic Development Chair Greg Thompson noted.

Share

Exclusive Research