SKF Enters Ceramic Ball Bearings JV With Sinoma Nitride
June 29 2023 - 9:36AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish ball-bearing maker SKF said Thursday it has
entered a joint venture with Sinoma Nitride to deepen their
cooperation within hybrid ceramic ball bearings.
SKF said it will hold a 30% share in the venture, which will be
able to provide hybrid ceramic ball bearing products and solutions
to customers in industries including electric vehicles and
industrial applications such as precision machine tools.
"EVs and high-speed machinery are two of the identified
high-growth segments in the group's strategic framework," SKF
said.
Sinoma Nitride is a subsidiary of China National Building
Materials.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 29, 2023 09:21 ET (13:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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