LANDSKRONA, Sweden - SWEP, a global leader in brazed plate heat exchangers (BPHEs) and part of Dover Corporation (NYSE: NYSE:DOV), has announced the inauguration of a new propane testing rig at its Research & Development Center in Landskrona. The new facility is set to enhance the company's testing capabilities for large-scale units, responding to the growing demand for eco-friendly refrigerants in the heating, ventilation, and air conditioning (HVAC) industry.
The implementation of the European F-Gas Regulation has increased the need for heating and cooling systems that utilize natural or low-global warming potential (GWP) refrigerants. SWEP's latest addition to its R&D infrastructure is poised to address this need by enabling in-house testing of brazed plate heat exchangers up to XL-size units with propane, a low-GWP refrigerant.
Ulrika Nordqvist, SWEP President, emphasized the significance of the new testing rig in developing products optimized for natural refrigerant-based systems such as next-generation heat pumps and chillers. The company has been testing small- to medium-sized units with propane since 2019, and the expansion of its testing capabilities marks an important milestone in its commitment to sustainable heat transfer solutions.
Fabienne Bourquenoud Moret, VP of Marketing, Research & Development at SWEP, highlighted the rig's optimization for a broad propane envelope, which will play a crucial role in the ongoing development of efficient and safe heat transfer solutions.
Operational safety and quality have been central to the launch of the new rig, considering the flammable nature of propane. The testing facility is part of SWEP's Global Investment Program, which spans from 2019 through 2025, aiming to strengthen the company's long-term capacity and introduce new capabilities to support customer success and growth.
SWEP, with over three decades of experience, has become synonymous with challenging efficiency in energy usage in heat transfer. The company's dedication to leading the conversion to sustainable energy usage is reflected in its global presence, with over 1,100 employees and a network of business partners.
This development is based on a press release statement and reflects SWEP's ongoing efforts to support the HVAC industry's transition towards more sustainable practices. Dover Corporation's strong financial position, with a return on equity of 29% and robust cash flows, positions it well to support such innovative initiatives. For detailed analysis and additional insights, investors can access comprehensive research reports and financial metrics through InvestingPro, which offers extensive coverage of Dover Corporation among its 1,400+ detailed US equity reports.
In other recent news, Dover Corporation, a subsidiary of Caldera, announced the release of CalderaRIP Version 18, a raster image processor software designed to enhance productivity and print quality in the large-format digital printing and cutting industry. The company also reported strong Q3 financial results, with a record 22.6% in consolidated segment margins and a 6% increase in adjusted earnings per share from continuing operations. Analysts from UBS, Goldman Sachs, and Wolfe Research have provided their insights on Dover's recent performance and future prospects. UBS initiated coverage with a neutral rating, highlighting potential for earnings per share growth but expressing reservations about Dover's diversified business portfolio. Goldman Sachs adjusted Dover's price target to $202, maintaining a buy rating and citing a positive outlook for 2025. Wolfe Research upgraded Dover from Peer Perform to Outperform, citing potential for sales growth acceleration in 2025. These are among the recent developments for Dover Corporation.
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