Manufacturing expansion in St. Louis will create about 73 jobs

SKF plans to invest $34.2 million to build an engineering and manufacturing campus for industrial lubrication systems in St. Louis County that will create an estimated 73 jobs over the next six years. SKF, which spent $20 million for personal property, would receive a 50 percent tax abatement for 10 years on real and personal property from the county, according to the St. Louis Economic Development Partnership. The St. Louis County Council will take up the matter Tuesday evening.

Sweden-based SKF employs 388 people in St. Louis, and has more than 48,000 employees total operating in 130 countries. SKF’s lubrication business unit is based in St. Louis.

Read more from the St. Louis Business Journal

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