India, April 7 -- SKF is consolidating its manufacturing footprint in the Americas as part of the ongoing separation of its Automotive business. The move is designed to strengthen long-term efficiency and competitiveness. As a result, the company's factory in Monterrey, Mexico, will become redundant, with manufacturing capacity relocated to bolster SKF's Automotive operations in Puebla and its Industrial operations in La Silla, also located in the Monterrey area.
The Monterrey facility was originally established as a shared site for both Industrial and Automotive divisions, intended to support a forecasted increase in demand for electric vehicles (EV) in the region. However, following the decision to separate the businesses and the slower-...