DOWNERS GROVE, Ill.,
Jan. 23, 2020 /PRNewswire/ -- SWEP,
part of Dover (NYSE: DOV), announced plant expansions for
Landskrona, Sweden and Kosice,
Slovakia, in order to meet
increasing market demand and drive continued growth.
"Renewable energy sources and more efficient energy use are
absolute musts. SWEP's heat exchanger technology plays a vital role
in the conversion from old, non-sustainable sources and inefficient
technologies. By expanding our production in EMEA through
additional capacity equipment, such as press lines, furnaces and
automation, we will significantly increase our abilities to serve
the market. We are here to grow with our customers. With optimized
operation flow, we become more flexible towards meeting demands,
and thereby less vulnerable to unpredicted events," stated
Fredrik Paulsson, General Manager
EMEA.
In Landskrona, the construction work started in November 2019. During the summer of 2020, the new
production equipment will be installed and throughout the fall, all
lines will be optimized. In addition to the production area, new
office space will be built.
The expansion in Kosice will start at the beginning of 2021 and
will be fully operational in the second half of 2022.
To learn more about the SWEP, visit www.swep.net.
About SWEP:
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
for HVAC and industrial applications. With over 1,000 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.
About Dover:
Dover is a diversified global manufacturer with annual revenue
of approximately $7 billion. We
deliver innovative equipment and components, specialty systems,
consumable supplies, software and digital solutions, and support
services through five operating segments: Engineered Products,
Fueling Solutions, Imaging & Identification, Pumps &
Process Solutions and Refrigeration & Food Equipment. Dover
combines global scale with operational agility to lead the markets
we serve. Recognized for our entrepreneurial approach for over 60
years, our team of approximately 24,000 employees takes an
ownership mindset, collaborating with customers to redefine what's
possible. Headquartered in Downers Grove,
Illinois, Dover trades on the New York Stock Exchange under
"DOV." Additional information is available at
dovercorporation.com.
SWEP Contact:
Lisa
Skarp
+46 418 400 405
lisa.skarp@swep.net
Dover Media Contact:
Adrian Sakowicz,
VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Andrey Galiuk, VP, Corporate
Development and Investor Relations
(630) 743-5131
agaliuk@dovercorp.com
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SOURCE Dover