SWEP, part of Dover, plans to invest an additional $30 million to expand global manufacturing capacity through 2026–2027. The company said the investment will support growing demand from global data centers as well as industrial and commercial heating and cooling markets.
The expansion is expected to more than double capacity for larger sized brazed plate heat exchanger products. SWEP said it has already invested significantly in capacity over the last several years to serve customer demand across regions and markets.
The investment plan includes new furnaces, test equipment, press lines and automation across all five SWEP factories worldwide. The company will also expand production space at its North American factory in Tulsa, Oklahoma.
SWEP said demand is being driven by AI data centers, where higher compute power requires cooling solutions for high-density workloads, and by industrial and commercial heating and cooling applications. The company cited electrification, heat pumps, chillers and the use of sustainable refrigerants as factors in these markets.
“We’re seeing significant global demand for best-in-class heat transfer technology driven by hypergrowth in critical infrastructure markets. 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,” said SWEP President Ulrika Nordqvist.
SWEP said the two-year plan builds on previous multi-year capacity expansion work focused on workforce capabilities, increased automation and more sustainable manufacturing processes.
