Nybergs Svets Lands Guyana Hospital Deal Amid Swedish Downturn

Alingsås-based steel supplier Nybergs Svets has secured a significant contract to supply 1,500 tons of steel for a hospital project in New Amsterdam, Guyana, marking its first export order outside of the Nordic region. This expansion into international markets comes in response to a slowdown in the Swedish construction sector. The contract, facilitated by Elof Hansson International AB, will see Nybergs Svets providing steel beams for a new state-of-the-art general hospital in Guyana. The facility will feature 230 beds, three operating rooms, and advanced medical facilities. Nybergs Svets, employing approximately 50 people and with origins dating back to 1914, has historically focused on supplying steel structures for domestic projects. CEO Patrik Wallin views this export opportunity as a strategic move for business growth, stating, "To focus on exports is what we see as a natural next step in expanding our business." The company's ability to undertake this large-scale order was enabled by attractive financing options through the Swedish Export Credit Agency (EKN) and the Swedish Export Credit Corporation (SEK), including a crucial advance payment from the developer and a guarantee from EKN. Guyana is currently recognized by the International Monetary Fund (IMF) as the world's fastest-growing economy. Following this milestone achievement, Wallin expressed optimism about Nybergs Svets' future international prospects, stating, "Now we have the experience required to take on more similar projects."