[ad_1]
The SKF ball bearing company is growing faster than the market, said SKF CEO Alrik Danielson during his opening address Thursday at the Capital Market in Schweinfurt, Germany.
While the business climate has helped, SKF is on the path to growth, "said Alrik Danielsson.
In addition, he asserted that ball bearings were more of a bulk material in the past than today, given the ongoing digitization.
Alrik Danielsson said while talking about the importance of innovation and competitiveness around costs, according to SKF's strategy.
"We should be able to maximize the cash flow of our business over time," he said.
With regard to developments since the last day of the financial markets, SKF believes that the company has made a major turnaround in the automotive sector.
"We have made a big shift in the vehicle sector," said Alrik Danielsson.
SKF has strengthened its balance sheet, obtained credit ratings and won new markets, he continued.
[ad_2]
Source link
