SWEP Sweeps 2010 Frost & Sullivan Europe Market Share Leadership Award

Oct 12, 2010, 08:00 ET from Frost & Sullivan

LONDON, Oct. 12 /PRNewswire/ -- The 2010 Frost & Sullivan Europe Market Share Leadership Award in the Brazed Plate Heat Exchanger Market is presented to SWEP. The company captured nearly 40 per cent of the European brazed plate heat exchanger market in 2009 and continues to hold the highest share by revenues.

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SWEP has continually focused on improving the heat transfer capability of its products. Enhanced material selection, such as the use of new types of stainless steel, has increased product resistance to corrosion, while boosting reliability and cost-effectiveness.

"SWEP has consistently delivered products with better heat transfer, higher performance and that offer efficient heat exchange solutions across a wide capacity range," remarks Frost & Sullivan Research Analyst R. Padmanabha Govindan. "In 2009, the company launched products that leveraged new types of stainless steel that were either more resistant to corrosion or more cost efficient, thereby offering customers greater choice and flexibility against a backdrop of fluctuating steel prices and availability."

The company's primary focus has been on three business segments: air conditioning, heating and refrigeration. Demonstrating its commitment to innovation, it has released eight new products including the B8, B10, B25 and DP300 in 2009 for these segments. SWEPs new products for the air conditioning segment offer higher energy efficiency, resulting in cost savings throughout the supply chain.

"The company has also developed products for environment-friendly refrigerants," states Govindan. "These refrigerants optimise the use of the heat exchanging surface and support a compact solution by enabling the refrigerators' volume to be reduced. The achievement of company-wide ISO14001 certification has reassured customers who share a forward looking commitment to the environment."

SWEP is actively trying to convert the technology used in shell and tube heat exchangers (which are used widely in ACs) for use in brazed plate heat exchangers. It is looking to replace the traditional use of other plate heat exchangers in heating applications with appropriate brazed heat exchangers that are more effective, compact and reduce the overall size of the system.

Six Sigma has been implemented in all the company's factories across the world, with quality checkpoints being incorporated at regular intervals. This has assured the highest standards in quality and environmental compliance for orders placed in any part of the world.

SWEP was the first to launch an eBusiness initiative. 'Calculate Online' covers SWEP's IC and standard range brazed plate heat exchangers. This customised response system, started about six years back, has resulted in customers being more involved in the product selection process.

SWEP is the first heat exchanger manufacturer to join European Heat Pump Association (EHPA), the trade body for the heat pump industry. It is also a member of the Swedish Heat Pumps Association (SVEP). Such memberships are part of the company's drive towards achieving sustainable manufacturing processes.

The Frost & Sullivan Award for Market Share Leadership is presented to the company that has demonstrated excellence in capturing the highest market share within its industry.  The Award recognizes the company's leadership position within the industry in terms of revenues or units, as specified.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About SWEP

SWEP is part of the global Dover Corporation, which is a worldwide diversified manufacturer of innovative equipment, specialty systems and value-added services for the industrial products, fluid management, engineered systems and electronic technology markets. The company has an annual turnover of $250 million worldwide and has its headquarters in Landskrona, Sweden. SWEP is a rapidly growing international company in the heat transfer field with decades of creative work and leading edge competence. Its production units are located in Sweden, Switzerland, USA, Malaysia, Slovakia and China with sales force in more than 20 countries. SWEP offers an eBusiness initiative where the best choice of brazed plate heat exchanger from stock is suggested to customer upon entering their input data. SWEP is the first heat exchanger manufacturer to join EHPA (European Heat Pump Association), the trade body for the heat pump industry, as part of its drive towards sustainable processes.

SWEP Contact:

Elizabeth Anderberg, Market Communications Manager, SWEP International AB

Phone: +46 418 40 04 97, Mobile phone: +46 708 156938, E-mail: elizabeth.anderberg@swep.net

Niklas Sparrenbom, Marketing Manager, SWEP International AB,

Direct Phone: +46 418 400 861, Mobile: +46 708 769 441

E-mail: niklas.sparrenbom@swep.net

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.awards.frost.com.

Frost & Sullivan Contact:

Ciara Jamie Connolly, Senior Events & Promotions Executive, EMEA, Best Practices,

Frost & Sullivan, ciara.connolly@frost.com | P: 0044 (0) 207.915.7868 | F: 0044 (0) 207.730.3343 | | www.frost.com

SOURCE Frost & Sullivan



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