Word: skf
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Dates: during 1940-1949
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...diplomacy turned the heat on Sweden and Spain last week. The flame burned hottest on Sweden's giant SKF (Svenska Kullagerfabriken), which supplies huge quantities of ball bearings to Germany's war machine. The U.S. had turned up the torch because the Swedish Government still declined to abolish these and other shipments (notably iron ore) to Germany, still insisted that a recent reduction was all the Allies should expect...
...Choke. SKF has plants in Paris, in Schweinfurt, Germany, and in the U.S.* The German division was larger and did more business than any others except those in Sweden. The U.S. Air Forces and the R. A. F. have battered the Paris and Schweinfurt plants heavily, may have put them out of production. Result: Germany now relies on SKF in Sweden for more than half of the bearings needed to roll the Wehrmacht's heavy arms, keep the Luftwaffe aloft. The U.S. wants that supply choked...
Chairman of SKF's board of directors is talented, energetic Sven Wingquist. One of its influential directors is big, powerful Jacob Wallenberg, banker, match-truster a man of many financial interests, including some in Germany...
Startled Sweden. Hemmed, trade-conscious Sweden received its warning with a surprised gasp. Giant, Swedish-owned SKF (Svenska Kullager-fabriken) has had its Schweinfurt and Paris factories blitzed by American bombers; but others, in Sweden, kept on turning out ball bearings for the Nazi war machines. Swedes had thought that their iron-ore and ball-bearing trade with Germany had U.S.-British blessing; both Allies approved the revised Swedish-German trade pact last January.* If deprived of U.S. gasoline Swedes would suffer, but not so much as if they gave up German coal. Likely Swedish answer: a pained, determined...
William Batt's own SKF Industries controls the weather in its ball-bearing plants; Chevrolet has units in its machine-gun plant; Alabama's Rust Engineering has a 1,200-ton machine in its shell-loading plant...