SKF
World's largest bearing manufacturer / From Wikipedia, the free encyclopedia
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AB SKF (Swedish: Svenska Kullagerfabriken, 'Swedish Ball Bearing Factory') is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907. The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, condition monitoring systems and related services globally.[2]
Company type | Publicly traded Aktiebolag |
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Nasdaq Stockholm: SKF B | |
ISIN | |
Industry | Manufacturing |
Founded | 1907; 117 years ago (1907) |
Founders |
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Headquarters | Gothenburg, Sweden |
Area served | Worldwide |
Key people | Hans Stråberg (Chairman) Rickard Gustafson (President & CEO) |
Products |
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Revenue | 81.73 billion kr (2021)[1] |
10.76 billion kr (2021)[1] | |
7.58 billion kr (2021)[1] | |
Total assets | 99.63 billion kr (2021)[1] |
Total equity | 45.37 billion kr (2021)[1] |
Owner | FAM AB (14%; 29.3% votes)[1]: 47 |
Number of employees | 42,602 (end 2021)[1] |
Subsidiaries |
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Website | skf |
SKF is the world's largest bearing manufacturer[3] and employs 44,000 people in 108 manufacturing units. It has the largest industrial distributor network in the industry, with 17,000 distributor locations encompassing 130 countries.[1]: 4 SKF is one of the largest companies in Sweden and among the largest public companies in the world.[4]