Alfa Laval expand financial commitments to strengthen their role in the worldwide shift towards renewable energy resources.
In a recent announcement on February 1, 2023, Swedish engineering company Alfa Laval has decided to invest SEK 3.8 billion in a capacity expansion program for heat exchangers. This investment is a result of additional growth opportunities identified by the company and is aimed at meeting the increased demand to support customers in the ongoing global energy transition.
Alfa Laval, listed on Nasdaq Stockholm, offers its expertise, products, and services to a wide range of industries in over 100 countries. The company is active in the areas of Energy, Marine, and Food & Water.
The investment will go towards increasing production, distribution, and service capacity at four existing Alfa Laval sites. These locations include Lund, Sweden, as well as sites in Italy, China, and the US. The company's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting improved energy efficiency and heat recovery, better water treatment, and reduced emissions.
Tom Erixon, the President and CEO of Alfa Laval, stated that the company sees strong demand for its products in energy-related applications, both in traditional and new areas like hydrogen, heat pumps, and data centers. The actions of Alfa Laval are aimed at accelerating success for customers, people, and the planet.
In 2021, Alfa Laval reported annual sales of SEK 40.9 billion (approx. EUR 4 billion), and the company currently employs 17,900 people. The latest news can be found on Alfa Laval's website.
This increased investment by Alfa Laval is a significant step towards supporting the global energy transition and demonstrates the company's commitment to sustainable and innovative solutions.
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