6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934

December 21, 2006

SKF
(Exact name of registrant as specified in its charter)

Hornsgatan 1 Goteborg, Sweden 
(Address of principal executive offices)

000-13722

(Commission File Number)

Indicate by check mark whether the registrant files or will file

annual reports under cover of Form 20-F or Form 40-F:

Form 20-F / x / Form 40-F /  /

Indicate by check mark whether the registrant by furnishing the

information contained in this form is also thereby furnishing the information to the

Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes /   / No / x /

On December 21, 2006 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference

(c) Exhibit 99.1. Press release dated December 21, 2006

Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SKF
	(Registrant)
December 21, 2006	/s/ LARS G MALMER
(Date)	Lars G Malmer
	Sr. Vice President, Group Communication

EX-99.1

Exhibit 99.1

Cost Improvement Activities at SKF

GOTHENBURG, Sweden--(BUSINESS WIRE)--Dec. 21, 2006--The SKF Group (NASDAQ:SKFR) (LSE:SKFB) (STO:SKFA) (STO:SKFB) is initiating a number of activities to further reduce costs and improve efficiency. The total cost of these activities, that includes the already announced closing of the factory in South Africa, amounts to some SEK 400 million, of which some SEK 260 million are impairments and write downs. The annual benefit amounts to some SEK 160 million.

The different activities, that will run during 2007 and will affect the operations in China, Italy, South Africa, and a number of other countries, will reduce the number of employees by about 1,000 persons.

The cost will have an impact on the Automotive Division with some SEK 160 million. The corresponding figure for the Industrial Division is some SEK 220 million and for the Service Division some SEK 20 million. During the fourth quarter, SKF will also report a total income from the operations and sale of the shares in Ovako of some SEK

450 million.

Further details will be found in the SKF Year-end report 2006.

The SKF Group is the leading global supplier of products, solutions and services in the area comprising rolling bearings, seals, mechatronics services and lubrication systems. The Group's service offer also includes technical support, maintenance services, condition monitoring and training.

The Group's annual sales 2005 were SEK 49.3 billion with an operating margin of 10.8%. The number of employees was 38 700.

(http://wpy.observer.se/wpyfs/00/00/00/00/00/08/EC/91/wkr0001.pdf)

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CONTACT: Aktiebolaget SKF

Tel. +46 31 337 10 00 Fax. +46 31 337 17 22

www.skf.com

or

SKF Group Communication

Lars G Malmer, +46 (0)31 337 1541

Lars.G.Malmer@skf.com

Or

SKF Investor Relations

Marita Bjork, +46 (0)31 337 1994

marita.bjork@skf.com