SWEDEN: Heat exchanger manufacturer SWEP is to close its manufacturing plant in Tentlingen, Switzerland, moving production to factories in Slovakia and Sweden.
Employees at the Tentlingen factory, which has been manufacturing heat exchangers for 27 years, were said to have been informed of the company’s plans at the beginning of this month. The decision is reported to be as a result of overcapacity in Europe.
Following the compulsory consultation process, the company has now announced that the Tentlingen site will close and production consolidated at SWEP factories in Košice, Slovakia, and Landskrona, Sweden. The transfer of the operation is expected to be finalised by the first quarter of 2017.
In a statement, SWEP said that 37 employees were affected, some being offered work elsewhere in SWEP or another affiliated company. Several new positions are expected to be created in Košice and Landskrona.
SWEP is one of the world’s leading suppliers of compact brazed plate heat exchangers. It has approximately 850 employees and representation in more than 50 countries. In addition to Sweden and Slovakia, SWEP also has factories in the USA, Malaysia and China.