SVAB, which manufactures joysticks and control systems primarily for excavators, adds that the expansion is required due to a strong and growing demand for its products and to prepare for future growth.
The groundbreaking has now been done on the new facility that is built by Askersunds Industrifastigheter (Industrial properties), and it will be ready for SVAB in January 2024.
The facility is being built in Åsbro (around 30km south of Örebro) and SVAB will move its entire operations from its current location in Hallsberg.
“Our sales to OEM machine manufacturers around the world are increasing at a high rate, and at the same time as we need to expand our production capacity we also have to make room for our growing workforce. We currently have around 70 employees and see a great need for recruitment in the coming years," says Fredrik Eriksson, SVAB CEO.
SVAB says there is a great focus in the industry on reducing emissions from production and use of construction equipment machines, and dds that it is working with a series of measures to minimise the environmental impact.
During 2022, SVAB joined the SBTi - Science Based Targets Initiative and the company has set climate targets that are in line with scientific models. The goal is that SVAB should be completely climate neutral by 2040.
"The development of more environmentally friendly excavators is progressing rapidly and here we are playing an important role with our innovative electric joysticks and control systems that contribute to making machines more efficient, while we at the same time are actively working to reduce the environmental impact of our own business," says Fredrik Eriksson, SVAB CEO.
The new facility is designed with sustainability in focus and is built according to the silver level requirements for environmental buildings. A new solar park will also be built to supply the new facility with its own electricity. It is being built by Askersunds Industrifastigheter, a municipality-owned company.
"We are very proud to be able to build this facility for SVAB and we see it as a good development of the industrial area in Åsbro, where we want to continue to invest in future new establishments", says Anders Gustafsson, Askersunds Industrifastigheter CEO.
Since 2002, SVAB has delivered over 60,000 systems for tiltrotator control and claims to be the market leader in this area.