SKF inaugurated its Global Technical Centre in
India (GTCI), in Bangalore, set up with an initial investment of Rs. 50
crores. The company will increase its headcount at the centre to 400
engineers by 2015 from the current 115 engineers (125 by the end of this
year).
Engineers at the centre will work in the areas of product engineering, development and testing. It houses laboratories for metallurgy, chemistry and bearing performance analysis.
As a part of its expansion plans SKF is setting up a seals facility in Mysore which is expected to be operational by the first half of 2012. Lubrication systems provider Lincoln Holdings Enterprises, which SKF acquired in 2010, is setting up a new manufacturing facility at Bangalore near Devanahalli. The land acquisition process is over and the facility is expected to be ready by the second half of 2013.
"Western Europe accounts for 41 percent of SKF's revenue. 27 percent of the revenue comes from the Asia Pacific region. Revenue from the APAC region has doubled over the last 10 years," said Tom Johnstone, SKF President and CEO. "India currently contributes around 20 percent of our revenue from the Asia Pacific region."
"SKF currently has a solution factory in Pune. One more in the not too distant future will enable better access SKF products," said Tom Johnstone.
Engineers at the centre will work in the areas of product engineering, development and testing. It houses laboratories for metallurgy, chemistry and bearing performance analysis.
As a part of its expansion plans SKF is setting up a seals facility in Mysore which is expected to be operational by the first half of 2012. Lubrication systems provider Lincoln Holdings Enterprises, which SKF acquired in 2010, is setting up a new manufacturing facility at Bangalore near Devanahalli. The land acquisition process is over and the facility is expected to be ready by the second half of 2013.
"Western Europe accounts for 41 percent of SKF's revenue. 27 percent of the revenue comes from the Asia Pacific region. Revenue from the APAC region has doubled over the last 10 years," said Tom Johnstone, SKF President and CEO. "India currently contributes around 20 percent of our revenue from the Asia Pacific region."
"SKF currently has a solution factory in Pune. One more in the not too distant future will enable better access SKF products," said Tom Johnstone.
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