SKF raises prices as fuel costs climb amid Iran war
Swedish bearings maker SKF is raising prices to offset higher fuel costs caused by the Iran war. The company expects flat sales growth for the current quarter.
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The industrial bearings manufacturer SKF AB-A SHS, based in Sweden, has announced price increases to counter rising fuel costs following the outbreak of war in Iran. The company, which serves as a global economic indicator due to its diverse client base in the automotive and wind turbine sectors, expects demand to remain largely unchanged in the second quarter.
