SKF says to build railway bearing factory in Russia

Newswire

STOCKHOLM, Dec 20 (Reuters) - SKF , the world's biggest bearings maker, said on Thursday it would build a factory in Russia with an investment of 235 million Swedish crowns ($35.7 million). The factory will make taper bearing units for Russia's fast growing railway market, the firm said in a statement. Construction will start in Sept. 2008 and should be completed by April 2010. The site for the factory has not yet been decided, but the firm said it expected the location to be near Moscow.

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