The Swedish SKF signed a contract with the Chinese company SHANGHAI BEARING CO (SHANGHAI ELECTRICAL group) covering the creation of a joint venture responsible for producing and marketing high performance ridged ball bearings. The Swedish group will be the majority shareholder with 60% of the capital. Thanks to this project, SKF will see its sales rise 15% in China, where it is already present via four other joint ventures. Among others, it holds 20% of the capital in the company WAFANGDIAN...