OM:SKF BMachinery
What AB SKF (OM:SKF B)'s Mexico Plant Closure and Production Shift Means For Shareholders
AB SKF recently announced it will close its shared Automotive and Industrial factory in Monterrey, Mexico, shifting production to its Puebla and La Silla plants as part of the ongoing separation of its Automotive business and a consolidation of its Americas manufacturing footprint.
This reconfiguration responds to lower-than-anticipated electric vehicle demand and aims to align capacity with each division’s needs while incurring about SEK 0.50 billion in consolidation costs and cutting...