On March 8, 2011, SKF announced at its China Technology Day 2011 held in its Dalian factory that it will build a new factory in Shandong Province, China. It will mainly manufacture tapered roller bearings and wheel hubs for passenger cars and trucks . The unit serves both the industrial market and the automotive aftermarket. The total investment of the new plant is approximately 590 million Swedish kronor (about 600 million yuan), which will be fully operational in the first half of 2012. SKF is the world's leading supplier of bearings, seals, mechatronics services and lubrication systems with sales of SEK 61.029 billion in 2010. SKF has more than ten production units, sales companies and service units in China. SKF's headquarters in China is located in Shanghai. In 2008, SKF established SKF (Shanghai) Automotive Technology Co., Ltd. in Shanghai, which mainly manufactures wheel hub bearings for passenger vehicles. In 2010, the SKF Global Technology Center was established on this basis. The new commercial vehicle bearing factory in China, which is part of the SKF strategy, aims to strengthen its manufacturing capabilities in Asia and meet the growing market demand of customers in China and other Asian regions. Tryggve Sthen, president of the SKF Automotive Group, said: “In Asia, our passenger and truck business has grown rapidly. In recent years, the region’s product manufacturing and R&D capabilities have continued to increase. The establishment of a new factory will be well established. Improve existing production capacity to provide better and faster services to customers in China and other Asian countries." The plant will be established with reference to the LEED standard covering an area of ​​16,000 square meters, with an initial staff of approximately 500 employees. Treadmill Machine,Foldable Treadmill,Electric Treadmill,Running Machine Foshan Laijian Fitness Equipment Co., Ltd. , https://www.ljfitnessquipment.com