SWEP is expanding its global manufacturing capacity to meet growing demand for data centre as well as industrial and commercial heating/cooling markets.
Over the last several years, SWEP has invested significantly in capacity to serve strong customer demand in all regions and markets.
SWEP will now be investing an additional $US30 million to expand manufacturing capacity through 2026-2027, which will more than double the capacity for larger sized products.
The investments will include new furnaces, test equipment, press lines and automation in all five factories world-wide as well as expanded production space in SWEP's North American factory in Tulsa, OK.
The expansion is an important initiative to bolster SWEP's commitment to customers for efficient heat transfer in liquid cooling, energy efficiency, and energy security driven by:
- AI data centres – the increasing demand for compute power drives the need for reliable and high-performing data centre cooling solutions that manage extreme heat from high-density workloads.
- Industrial and commercial heating/cooling – electrification is driving replacement of conventional systems in buildings, industries and district energy with systems based on heat pumps and chillers that enables favourable payback and use of sustainable refrigerants.
SWEP president Ulrika Nordqvist said there is significant global demand for best-in-class heat transfer technology driven by hypergrowth in critical infrastructure markets.
He said SWEP has a long-standing history serving global customers in these segments with innovative solutions that deliver exceptional performance, reliability and efficiency.
“This investment enables us to further expand our operations and align our manufacturing throughput to the aggressive growth goals our customers have established to deliver heating and cooling systems at scale," he said.
The two-year investment plan further builds on the investments of the previous multi–year capacity expansion initiative focusing on enhancing workforce capabilities, increasing automation, and embedding more sustainable manufacturing processes.
SWEP has some 1,100 employees, five production sites and a presence in 50 countries.