AB SKFCompany logo

Sweden (SE)

OpenCorporation rating: 33.37 on 100

Ranking 2020: 372 on 569 companies


Primary NACE classification:
Manufacture of bearings, gears, gearing and driving elements (2815)

Company description

This company is engaged in the manufacture and sale of products, solutions, and services in the areas of rolling bearings, seals, mechatronics, and lubrication systems. It was founded in 1907 by Sven Wingquist, and is based in Goteborg, Sweden. The company is the leading global supplier of products, solutions and services in the area, comprising roller bearings, seals, mechatronics, services and lubrication systems. The group service offering also includes technical support, maintenance services, condition monitoring and training. The SKF business is organized into three divisions; Industrial, Automotive and Service. The Industrial Division comprising sales to the industrial OEM customers and the development and manufacturing of a wide range of bearings, mainly spherical and cylindrical roller bearings, angular contact bearings, medium size ball bearings, bearings designed for aircrafts and railways, linear motion and mechatronics products, couplings, and related products and lubrication systems.The Automotive Division comprising sales to the car, light truck, heavy truck, bus, vehicle component industries, vehicle service market, two-wheelers, household appliances, power tools and manufacturers of electrical motors and the development and manufacturing of mainly taper roller bearings, wheel hub bearing units, small ball bearings, seals, special automotive components, complete repair kits for the vehicle service market and forged products. Products include rolling bearings, bearing units, bearing housings, plain bearings, industrial shaft seals, and hydraulic seals. Its condition monitoring products provides value-added smart solutions to assist customers in operating the most effective reliability programs possible. Its range of maintenance products include pullers, fitting tools, heaters, instruments, lubricants, lubricators and oil injection equipment.The Service Division comprising the sales to the industrial aftermarket, mainly through a network of some 7,000 distributors and knowledge based solutions to optimise asset efficiency. The Division also includes logistic services. The Group has a global IS0 14001 environmental certification and global health and safety management standard OHSAS 18001 certification. Its operations has been approved for quality certification in accordance with either ISO 9000 or QS 9000. The company's vision is to equip the world with its knowledge. Its mission is to be the preferred company for its customers, distributors and suppliers; for its employees and shareholders.The company has 100 manufacturing sites distributed all over the world and has its own sales companies in 70 countries, supported by some 15,000 distributors and dealers worldwide. The company is active in Asia, Africa, North America, South America, Europe, and Australia.

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OpenCorporation questionnaire

The read only version of the questionnaire submitted to this company is publicly available: view questionnaire.

Indicators

The rating is calculated on the following metrics (for more information visit the section Methodology).

score (max is 100)
ratings 2019
58.7
58.7
14
14
6.6
43.1
63.8
0
0
31.3
70
30.9
34.5

HQ and subsidiaries

AB SKF
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Latest news about ab skf

17 January 2020 - 12:00

SKF launches green finance framework

Bearings supplier SKF has launched a green finance framework, allowing the company to, by engaging in green financing, become more aligned with the group’s climate objectives to reduce carbon dioxide (CO2) emissions from its manufacturing and supply chain operations, as well as supporting customers to reduce their emissions.

About this evaluation

This company did not compile the OpenCorporation questionnaire, for this reason this evaluation was made only on data available to the project staff.

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