NewswireToday - /newswire/ -
Stockholm, Sweden, 2013/11/27 - SWEP Slovakia, the brazed plate heat exchanger manufacturer, has climbed to #2 for 2013 - SWEP.net.
Every year, Slovakia's business magazine Trend makes its Company of the Year Awards. Improving on its #4 position last year, SWEP Slovakia, the brazed plate heat exchanger manufacturer, has climbed to #2 for 2013.
Trend magazine judged the 221 companies nominated for 2013 on key financial performance criteria such as increase in revenue, EBITDA (earnings before interest, tax, depreciation, and amortization), revenue/asset ratio, assets, and ROI (return on investment). High-scoring companies have increased market share and at least maintained profitability.
"This award is a great honor, not only for us here in Slovakia but for all SWEP companies worldwide," comments Peter Nilsson, General Manager at SWEP Slovakia. "Our improved performance reflects SWEP's wider long-term global success both financial and technological and strongly supports SWEP's belief in a future where we continue to improve."
About SWEP International AB
SWEP (swep.net) is a rapidly growing global company in the heat transfer field. Decades of creative work, leading-edge competence and committed SWEP people have resulted in the world's most effective product offering. World-leading within its field, SWEP constantly advances the front line in order to be able to use the very latest technology. SWEP's aim is constantly to offer its customers excellent performance, economy and service.
SWEP was established in 1983 by small group of pioneers in thermal engineering who were among the first to commercialize Brazed Plate Heat Exchanger technology. In 1994, Dover Corporation acquired SWEP through Tranter Group, with SWEP becoming a business unit within the latter. In 2003, SWEP became an autonomous operating company within Dover Corporation.