GOTHENBURG, Sweden (Nov. 3, 2016)—SKF is investing nearly $17 million (SEK 150 million) in modernizing its cylindrical roller bearing (CRB) manufacturing in Schweinfurt, Germany, according to a statement from the company.

This is the third significant manufacturing investment announced by SKF in the last 18 months, following the announcement of similar investments in Gothenburg, Sweden, and Flowery Branch, Ga., the company said.