SKF says invests 500 mln SEK in Chinese factory

Newswire

STOCKHOLM, May 22 (Reuters) - SKF , the world's biggest bearings maker, said on Thursday it would invest 500 million Swedish crowns ($85 million) in a plant in China. The Swedish firm said in a statement the investment would double the capacity at its plant in Dalian in the Liaoning Province. It said a new facility adjacent to its current factory was expected to be in operation during 2009.

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