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Mumbai April 26 SKF India will be investing over Rs 150 crore in setting up a new manufacturing site in Haridwar, Uttarakhand. Situated over an area of 40,000 sq.m, the new bearing factory is likely to raise the existing ball bearing capacity by more than one-third, says a press release. The plant will be operational in March 2008 and is likely to employ over 300 people.

Mr Rakesh Makhija, Managing Director, SKF India, said, "Uttarakhand is an emerging industrial hub within the country. SKF's move to increase production capacity signifies our commitment to serve our customers effectively. It also reinforces our leadership position in the Indian subcontinent."

Power transmission products

In February this year, the company launched its range of power transmission products offering customers an integrated solution for all their transmission needs.

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