PR98534

LANDSKRONA,Sweden, Oct. 28, 2022 /PRNewswire=KYODO JBN/ --

Driven by the European energy crisis and the global energy transition, SWEP is

addressing the intensified demand for energy saving solutions by further

investments to deliver Brazed plate heat exchangers around the world. Initiated

in 2019, the global investment program now continues to add capacity in

production, people and innovation – key components for building the future and

to continue challenge efficiency.

The already announced expansions of SWEP's manufacturing plants in Kosice,

Slovakia and in Landskrona, Sweden, are now being accompanied by a third

capacity expansion in Suzhou, China. The Suzhou expansion involves a relocation

to a new venue currently under construction in which 14,000 square meters will

include a new factory and modern office buildings. The facilities are designed

to upgrade and reinforce SWEP's production capacity and operations serving the

Chinese market and other key markets such as Japan, South Korea, India,

Southeast Asia, and Australia.

To further enhance innovation, SWEP is also investing in a new R&D Center in

absolute proximity to the manufacturing plant in Landskrona, Sweden. The new

attractive tech facilities will house core technical expertise, an enlarged and

upgraded innovation lab and enlarged testing capabilities. Along with providing

more low-carbon and energy-efficient heat transfer solutions to our customers,

this investment also manifests SWEP's commitment to our people, to expanding

talent and to continuing to inject innovation vigor in our corporate journey

and DNA.

Part of the investments in Landskrona, Sweden, is a new Corporate Head Office

currently under construction. The new environmentally certified facilities will

embrace values that underpins SWEP's core values, and which are important for

attracting and retaining key competences, such as easy accessibility for

commuters and visitors, energy efficiency and sustainability.

Demand for our products continues to grow, and we see significant secular

growth opportunity ahead of us driven by global de-carbonization and

sustainability investments. Our global investment program to support this

growth was launched in 2019 and will involve all our facilities before 2025,"

said SWEP President, Ulrika Nordqvist. "Our new and expanded manufacturing

facilities and R&D Center will enable us to continue to deliver world-class

solutions to our customers, drive efficiencies, and support the path toward

carbon neutrality and a sustainable future.

Fueled by the completion of each investment project, SWEP will drive and

support the global inevitable path towards carbon neutrality and continue to

challenge efficiency and pursue a sustainable future together with our

customers.

*SWEP's Global investment program runs until 2025 and involves expansion

projects in manufacturing plants in all regions:

Kosice, Slovakia (EMEA)

Landskrona, Sweden (EMEA)

Suzhou, China (APAC)

Kuala Lumpur, Malaysia (APAC)

Tulsa, Oklahoma/USA (AMER)

About SWEP – Challenge efficiency

At SWEP, we believe our future rests on giving more energy than we take – from

our planet and our people. That's why we pour our energy into leading the

conversion to sustainable energy usage in heat transfer. Over three decades,

the SWEP brand has become synonymous with challenging efficiency.

SWEP is a world-leading supplier of brazed plate heat exchangers and

prefabricated energy transfer stations for HVAC and industrial applications.

With over 1,150 dedicated employees, carefully selected business partners,

global presence with production, sales and heartfelt service, we bring a level

of expertise and customer intimacy that's redefining competitive edge for a

more sustainable future. SWEP is part of Dover Corporation, a

multi-billion-dollar, diversified manufacturer of a wide range of proprietary

products and components for industrial and commercial use.

SOURCE SWEP

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   Link: http://asianetnews.net/view-attachment?attach-id=432626

   Caption: SWEP, world-leading supplier of brazed plate heat exchangers (BPHE) continues

to add capacity in production, people and innovation - key components for

building the future and to continue challenge efficiency on a global scale