SKF Group is investing in a new production line to make specialized high-precision bearings at its North Charleston factory rather than import them from abroad.

The Swedish-owned company said today the expansion will cost about $3 million and create up to 25 new jobs over the next three years.

“It’s the SKF philosophy to try to have production close to its customers, and we have the sufficient volumes today to make these investments, with the prospects for good growth in the future,” said Jack Bellomo, general manager of the local plant in Pepperdam Indsutrial Park. “We expect to increase the number of shifts in the new channel within the next few years.”

The expansion is part of the SKF recently established global business unit known as “Super Precision and Specialty Bearings.” The new line will make angular contact bearings for domestic customers in North Charleston. Right now, those are imported from SKF factories in Italy

“There is growing need for these products both in the original production and the repair of machine tool spindles and in medical equipment,” said Poul Jeppesen, CEO of SKF USA Inc.

The company also operates a second manufacturing plant in the Charleston region, Venture Aerobearings LLC, under a joint venture with General Electric Co.

SKF directed said job seekers to a website — www.skf.com/us/career/ — for openings.

Contact John McDermott at 937-5572.