Nybergs Svets Lands Major Export Deal Amid Swedish Construction Downturn

Swedish subcontractor Nybergs Svets has secured a significant export order for a hospital project in Guyana, representing its first expansion beyond the Nordic region. The Alingsås-based company, established in 1914 and currently employing nearly 50 people, will supply 1,500 tons of steel structures for a state-of-the-art general hospital in New Amsterdam. This strategic initiative is particularly timely, as the Swedish construction sector navigates a period of downturn, prompting companies like Nybergs Svets to actively pursue opportunities in international markets. CEO Patrik Wallin characterized the export expansion as "a natural next step in broadening our business." The hospital project, situated in a region recognized by the International Monetary Fund (IMF) as one of the world's fastest-growing economies, will feature 230 beds, three operating rooms, advanced X-ray technology, laboratories, and a pharmacy. Nybergs Svets traditionally concentrated on the Swedish market, providing steel structures for schools, sports arenas, and industrial facilities. This opportunity emerged through an inquiry from Elof Hansson International AB, now a subsidiary of Serneke International Group, which sought Swedish suppliers to leverage attractive financing options. The deal was facilitated by financial support, including an advance payment from the builder and a guarantee from the Swedish Export Credit Agency (EKN). The Swedish Export Credit Corporation (SEK) also participated in the project's financing structure. This venture marks a significant milestone for Nybergs Svets, whose previous export experience was limited to smaller projects in Norway. CEO Patrik Wallin stated that the successful completion of this project equips Nybergs Svets with the necessary experience to pursue similar international opportunities. This development underscores a broader trend of Swedish construction firms actively seeking growth in overseas markets to compensate for challenges in the domestic market.