SKF Enters Ceramic Ball Bearings JV With Sinoma Nitride
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.-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back