SKF factory was Completed in Busan, South Korea

The world's automotive giants bearings - SKF company, its Busan factory was completed and formally put into production.
Busan Metropolitan City said that SKF auto parts factories invested amount of 50 million U.S.by SKF was completed. Tom Johnston, SKF President and CEO and Busan mayor attended the completion ceremony.
SKF with 100 factories in 30 countries around the world is the world's major bearing suppliers who provide hub bearing to Ford, Chrysler, Fiat, Panasonic, Suzuki Motor Corporation. Its share of bearings is highest in the world. Annual performance sales up to ₩ 7320000000000.
In addition, SKF also provide the corresponding products to the Hyundai-Kia Motors, GM Daewoo and Renault Samsung.