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SWEP Opens Large Scale Propane Testing Facility

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SWEP, a Dover (NYSE: DOV) company and leading supplier of brazed plate heat exchangers, has opened a new propane testing facility at its R&D Center in Landskrona, Sweden. The facility enables testing of up to XL-size units, expanding from their previous small- and medium-sized testing capabilities established in 2019.

This development responds to increasing market demand for natural and low-GWP refrigerant systems, driven by policies like the European F-Gas Regulation. The new test rig is designed for wide propane envelope testing and will support the development of heat exchangers optimized for next-generation heat pumps and chillers.

The facility is part of SWEP's Global Investment Program (2019-2025), focusing on expanding capacity and capabilities while ensuring operational safety due to propane's flammable properties.

SWEP, un'azienda di Dover (NYSE: DOV) e fornitore leader di scambiatori di calore a piastre saldobrasate, ha aperto un nuovo impianto di test per propano presso il suo Centro R&D a Landskrona, in Svezia. L'impianto consente di testare unità di dimensioni fino a quelle XL, espandendo le capacità di test precedentemente stabilite per unità di piccole e medie dimensioni nel 2019.

Questo sviluppo risponde all'aumento della domanda di mercato per sistemi di refrigerazione naturali e a basso GWP, guidato da politiche come il Regolamento europeo sui gas fluorurati. Il nuovo impianto di test è progettato per testare un'ampia gamma di unità a propano e supporterà lo sviluppo di scambiatori di calore ottimizzati per pompe di calore e refrigeratori di nuova generazione.

L'impianto fa parte del Programma di Investimento Globale di SWEP (2019-2025), focalizzato sull'espansione della capacità e delle competenze, garantendo al contempo la sicurezza operativa a causa delle proprietà infiammabili del propano.

SWEP, una empresa de Dover (NYSE: DOV) y proveedor líder de intercambiadores de calor de placas soldadas, ha inaugurado una nueva instalación de pruebas de propano en su Centro de I+D en Landskrona, Suecia. La instalación permite probar unidades de hasta tamaño XL, ampliando sus capacidades de prueba anteriores establecidas para unidades pequeñas y medianas desde 2019.

Este desarrollo responde a la creciente demanda del mercado de sistemas de refrigerantes naturales y de bajo GWP, impulsados por políticas como el Reglamento europeo sobre gases fluorados. El nuevo banco de pruebas está diseñado para realizar pruebas a gran escala con propano y apoyará el desarrollo de intercambiadores de calor optimizados para bombas de calor y chillers de próxima generación.

La instalación forma parte del Programa de Inversión Global de SWEP (2019-2025), que se centra en la expansión de la capacidad y las competencias, garantizando al mismo tiempo la seguridad operativa debido a las propiedades inflamables del propano.

SWEP는 도버(Dover, NYSE: DOV) 소속으로, 땜납판 열교환기의 주요 공급업체이며, 스웨덴 랜드스크로나에 위치한 연구개발센터에 새로운 프로판 테스트 시설을 열었습니다. 이 시설은 XL 크기까지의 장치를 테스트할 수 있어, 2019년에 설립된 이전의 소형 및 중형 테스트 능력에서 확장되었습니다.

이번 개발은 유럽의 F-가스 규제와 같은 정책에 의해 촉진된 자연 및 저 GWP 냉매 시스템에 대한 시장 수요 증가에 대응하는 것입니다. 새로운 테스트 장비는 넓은 프로판 범위를 테스트할 수 있도록 설계되었으며 다음 세대 열 펌프와 냉각기를 최적화하는 열교환기 개발을 지원할 것입니다.

이 시설은 SWEP의 글로벌 투자 프로그램(2019-2025)의 일환으로, 화재 위험이 있는 프로판 특성으로 인해 운영 안전성을 보장하면서 용량과 기능 확장을 목표로 하고 있습니다.

SWEP, une entreprise de Dover (NYSE: DOV) et fournisseur leader d'échangeurs de chaleur à plaques brasées, a ouvert une nouvelle installation de test de propane dans son centre de R&D à Landskrona, en Suède. Cette installation permet de tester des unités allant jusqu'à la taille XL, élargissant ainsi ses capacités de test précédemment établies pour des unités de petite et moyenne taille depuis 2019.

Ce développement répond à la demande croissante du marché pour des systèmes de réfrigérants naturels et à faible GWP, encouragée par des politiques telles que le règlement européen sur les gaz fluorés. Le nouvel équipement de test est conçu pour des tests variés sur le propane et soutiendra le développement d'échangeurs de chaleur optimisés pour les pompes à chaleur et les refroidisseurs de prochaine génération.

L'établissement fait partie du programme d'investissement global de SWEP (2019-2025), qui se concentre sur l'augmentation de la capacité et des compétences, tout en garantissant la sécurité opérationnelle en raison des propriétés inflammables du propane.

SWEP, ein Unternehmen von Dover (NYSE: DOV) und führender Anbieter von geschweißten Plattenwärmeübertragern, hat ein neues Prüfzentrum für Propan in seinem F&E-Zentrum in Landskrona, Schweden, eröffnet. Das neue Center ermöglicht Tests von Einheiten in XXL-Größe und erweitert die zuvor seit 2019 bestehenden Prüfkapazitäten für kleine und mittelgroße Einheiten.

Diese Entwicklung reagiert auf die steigende Marktnachfrage nach natürlichen und klimafreundlichen Kältemittelsystemen, die durch Richtlinien wie die europäische F-Gas-Verordnung vorangetrieben wird. Die neue Testvorrichtung ist für umfassende Tests im Bereich Propan konzipiert und wird die Entwicklung von Wärmeübertragern unterstützen, die für moderne Wärmepumpen und Kälteanlagen optimiert sind.

Die Anlage ist Teil des globalen Investitionsprogramms von SWEP (2019-2025), das sich auf die Erweiterung von Kapazitäten und Fähigkeiten konzentriert und gleichzeitig die Betriebssicherheit aufgrund der brennbaren Eigenschaften von Propan gewährleistet.

Positive
  • Expansion of testing capabilities to include XL-size units
  • Strategic alignment with market demand for natural refrigerants
  • Part of ongoing Global Investment Program through 2025
Negative
  • Safety risks associated with handling flammable propane gas

Insights

The opening of SWEP's large-scale propane testing facility represents a strategic positioning in the evolving HVAC market, particularly as regulations push for natural refrigerants. While testing facilities don't directly generate revenue, this infrastructure investment is important for Dover's long-term competitiveness in the $180 billion global HVAC market.

The facility's timing aligns with the European F-Gas Regulation implementation, giving SWEP a competitive advantage in product development for next-generation heat pumps. The expansion from small/medium to XL-size unit testing capabilities indicates Dover's commitment to capturing market share in larger industrial applications. However, the return on this investment will likely materialize over 3-5 years as new products are developed and commercialized.

For investors, this development strengthens Dover's position in the sustainable HVAC segment but isn't likely to impact near-term financials significantly. Think of it as planting seeds for future growth rather than immediate harvest.

The investment timing is strategically aligned with major regulatory shifts, particularly the EU's F-Gas Regulation phase-down schedule. This positions Dover ahead of competitors as the market transitions away from high-GWP refrigerants. The propane (R290) testing capability is especially relevant as it has a GWP of just 3, compared to traditional refrigerants with GWPs in the thousands.

The facility's focus on XL-size units targets the commercial and industrial HVAC segment, where the transition to natural refrigerants faces the most technical challenges and, consequently, offers higher margins. The safety considerations for propane testing demonstrate compliance with stringent EU safety standards, reducing regulatory risks.

In simpler terms, Dover is preparing for a future where environmentally harmful refrigerants will be banned, giving them a head start in testing and developing products that will soon become the industry standard.

DOWNERS GROVE, Ill., Dec. 30, 2024 /PRNewswire/ -- SWEP, part of Dover (NYSE: DOV) and a world-leading supplier of brazed plate heat exchangers (BPHEs), today announced the opening of a new rig for propane testing at the SWEP Research & Development Center in Landskrona, Sweden.

Recent policies such as the European F-Gas Regulation are driving market demand for heating and cooling systems that operate with natural- or low-GWP refrigerants. The capability to run large scale propane testing is an important step for SWEP to meet current and future need for sustainable heat transfer solutions. The heating and cooling sector (HVAC) accounts for a significant share of global energy consumption, and the industry is challenged to find innovations to accelerate decarbonization.

"The new test rig will be crucial in the development of brazed plate heat exchangers that are optimized for systems based on natural refrigerants. We are working closely with our customers to create products that meet system design requirements of next-generation heat pumps and chillers," says Ulrika Nordqvist, SWEP President.

SWEP has been able to test small- and medium-sized units with propane since 2019, and the new rig will now enable in-house testing of up to XL-size units.

"The new test rig is optimized for a wide propane envelope and will be instrumental in the ongoing development of highly efficient and safe heat transfer solutions. We will continue to support our customers in the transition towards more sustainable heating and cooling systems," says Fabienne Bourquenoud Moret, VP of Marketing, Research & Development at SWEP.

Although propane gas has a low GWP, its flammable properties make it hazardous to handle in a test environment. Ensuring operational safety and quality has been central in the launch of the new rig, which is part of SWEP's Global Investment Program. Running from 2019 through 2025, the program seeks to strengthen SWEP's long-term capacity and add new capabilities to help ensure customer success and accelerate growth.

About SWEP:
At SWEP, we believe our future rests on giving more energy than we take – from our planet and our people. That's why we pour our energy into leading the conversion to sustainable energy usage in heat transfer. Over three decades, the SWEP brand has become synonymous with challenging efficiency.

SWEP is a world-leading supplier of brazed plate heat exchangers for HVAC and industrial applications. With over 1,100 dedicated employees, carefully selected business partners, and a global presence with production, sales, and dedicated service, we bring a level of expertise and closeness to our customers that's redefining competitive edge in a more sustainable future. SWEP is part of Dover Corporation, a multi-billion-dollar, diversified manufacturer of a wide range of proprietary products and components for industrial and commercial use.

About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.   

SWEP Contact: 
Malin Bengtsson
+46 418 400 720
malin.bengtsson@swep.net 

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/swep-opens-large-scale-propane-testing-facility-302340339.html

SOURCE Dover

FAQ

What is the significance of SWEP's new propane testing facility for Dover (DOV) investors?

The facility positions Dover's SWEP division to meet growing demand for sustainable heat transfer solutions and natural refrigerants, potentially expanding market opportunities in response to environmental regulations.

How does SWEP's new testing capability compare to its previous capacity?

The new facility enables testing of XL-size units, expanding from their previous capability of only testing small- and medium-sized units with propane since 2019.

What market trends is DOV's SWEP addressing with this new testing facility?

SWEP is addressing market demand driven by policies like the European F-Gas Regulation, which requires heating and cooling systems to use natural or low-GWP refrigerants.

When will SWEP's Global Investment Program conclude?

SWEP's Global Investment Program, which includes this new testing facility, runs from 2019 through 2025.

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