SWEDEN: Alfa Laval is to invest SEK3.8bn (US$358m) to expand its global production capacity for heat exchangers.
The investment will go towards increasing production, distribution and service capacity at four existing Alfa Laval sites in Sweden, Italy, China and the US. The decision to increase capacity investment is based on increased demand to support customers in the ongoing global energy transition.
“Although the global economy continues to be volatile, we see strong demand for our products in energy-related applications, both in the traditional supply and in new and growing areas such as hydrogen, heat pumps and data centres,” said Alfa Laval president and CEO Tom Erixon. “Last year we took the decision to increase capacity to address parts of the demand imbalances, and now we see additional growth opportunities. Today’s investment announcement is a result of that.”