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Bearings Maker SKF to Invest $62 Million in 2 North American
SKF said the investments and consolidation will result in the loss of about 120 jobs| with the moves to take between 12 to 18 months to implement_ SKF reported its 2020 half;year results on July 21| showing that sales of $1_86 billion for the second quarter fell 25% year;over;year| with sales in both Europe and North America down about 30%_