SWEP Continues Global Investment Program with Manufacturing Plant Expansions and New R&D Center
DOWNERS GROVE, Ill., Oct. 18, 2022 /PRNewswire/ -- SWEP, part of Dover (NYSE: DOV) and a world-leading supplier of brazed plate heat exchangers (BPHEs), today announced that it is expanding its global footprint with multiple manufacturing plant expansions, a new R&D center and corporate head office.
SWEP's Suzhou operations in China will transition to a new larger manufacturing facility to serve key markets across Asia and Australia. The facility is currently under construction, and SWEP expects to start occupying the new premises at the beginning of 2024.
SWEP is also investing further in Landskrona, Sweden, including a new R&D center near the expanding manufacturing plant, and a new environmentally-certified head office. The R&D center will house core technical expertise, an upgraded innovation lab and expanded testing capabilities. Both new facilities are essential for accommodating SWEP's expanding workforce and for attraction of new talent interested in a career delivering de-carbonization and energy-efficiency solutions to customers worldwide.
"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 ad 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."
For more information about SWEP, please visit www.swep.net.
SWEP is a world-leading supplier of brazed plate heat exchangers for HVAC and industrial applications. With over 1,100 dedicated employees, carefully selected business partners, and a global presence with production, sales, and dedicated service, we bring a level of expertise and closeness to our customers that's redefining competitive edge in 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.
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