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SWEP to invest $30M to double production capacity for heat exchangers by 2027 amid rising demand.

Company Fundamentals
13 May 2026
PRNewsWire
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Bullish
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SWEP, a leading supplier of brazed plate heat exchangers and part of Dover Corporation, announced a $30 million investment to expand its global manufacturing capacity through 2026-2027. This expansion will more than double production capacity for larger products across its five factories worldwide, including expanded space in Tulsa, Oklahoma. The move responds to growing demand driven by AI data centers requiring advanced cooling solutions and the shift to electrification in industrial and commercial heating/cooling systems. SWEP aims to support efficient heat transfer technologies that enhance energy efficiency and sustainability while meeting aggressive growth targets of its customers.

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