COLUMBIA, S.C. – SKF Group, a maker of precision bearings, today announced that it will expand its existing operations in Charleston County. The $3 million investment is expected to generate up to 25 new jobs over the next three years.
"It's the SKF philosophy to try to have production close to its customers, and we have the sufficient volumes today to make these investments, with the prospects for good growth in the future," said Jack Bellomo, general manager of the SKF North Charleston facility. "We expect to increase the number of shifts in the new channel within the next few years."
SKF is expanding its North Charleston facility, and will operate as part of its recently established global business unit, known as Super Precision and Specialty Bearings. The company will invest in a new production channel for super precision angular contact bearings, and it will help meet the growing needs of the U.S. market with domestic production, rather than importing from its Italian factories.
"There is growing need for these products both in the original production and the repair of machine tool spindles and in medical equipment," said Poul Jeppesen, CEO of SKF USA Inc. "The SKF Solution Factory concept, a technology and repair access point close to major customer locations, will have 15 regional locations in North America by 2016, and this new production channel will help supply the resulting demand. I am confident that the good local support from the state and the competent work force will allow us to continue the progress we have made in South Carolina over the past 10 years."
"We work hard every day to recruit new companies to South Carolina, but it's always exciting to see one of our existing businesses expand. When a firm like SKF chooses to grow here, it sends a message to other companies that South Carolina is a place where they can do well. We celebrate SKF's decision to invest $3 million and create 25 new jobs in North Charleston," said Gov. Nikki Haley.
Since January 2011, South Carolina has recruited more than $9 billion in capital investment and more than 23,000 jobs in the manufacturing sector.
"SKF has been a part of the South Carolina business community for more than a decade, and it's great to see them choose to grow in South Carolina," said Secretary of Commerce Bobby Hitt.
The company also has a second facility in the Charleston area, Venture Aerobearings LLC, which is a joint venture with GE.
"We congratulate SKF on its recent expansion," said Charleston County Council Chairman Teddie Pryor. "Super precision bearings represents a promising new business niche for SKF, and we are honored that the company's leadership has entrusted our local facility and workforce to see this new initiative to fruition. As the SKF-Charleston County relationship has grown and matured, our community has benefitted in numerous ways."
"We are sincerely grateful for SKF reinvesting in our city, bringing additional jobs and a sizeable capital investment that will have a great benefit to our community," said North Charleston Mayor Keith Summey. "This commitment tells us that North Charleston continues to be a business friendly city with a workforce capable of performing in highly technical environments."