As part of the ongoing separation of its Automotive business,
SKF is consolidating its manufacturing footprint in the Americas to strengthen ‘the long-term efficiency and competitiveness’. As a result, its factory in Monterrey, Mexico, will become redundant and manufacturing capacity will be relocated to strengthen SKF’s Automotive operation in Puebla as well as its industrial operation in La Silla, also located in the Monterrey area.
The Monterrey factory was established as a shared factory for both industrial and automotive, and to support a forecasted increase in demand for electric vehicles (EV) in the Americas. However, following the decision to separate the businesses, combined with the lower than anticipated electric-vehicle (EV) growth, the Monterrey facility exceeds the operational requirements of each individual business.
The new manufacturing setup aims to become more efficient and competitive, while having the capabilities to meet future increased electrification demand. The relocation will result in around 390 redundancies at the Monterrey site, while around 100 new positions will be created at the Puebla and La Silla sites.
SKF is represented in about 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2025 were SEK91,583 million (about £7.37 billion) and the number of employees was 37,271.