Nybergs Svets Lands Guyana Hospital Deal Amid Swedish Slowdown

Swedish subcontractor Nybergs Svets, based in Alingsås and established in 1914, has secured a significant export contract to supply 1,500 tons of steel structures for a hospital project in Guyana. This marks the company's first export venture outside of the Nordic region, a strategic move during a downturn in the domestic construction market. Nybergs Svets employs approximately 50 people. CEO Patrik Wallin views this expansion as a "natural next step" in the company's growth strategy. The steel beams will be used in the construction of a new, state-of-the-art, 230-bed hospital in New Amsterdam, Guyana. The facility will feature three new operating rooms, advanced X-ray technology, laboratories, and a pharmacy, catering to the needs of a nation recognized by the IMF as having the world's fastest-growing economy. This opportunity arose through an inquiry from Elof Hansson International AB, which sought Swedish suppliers to facilitate attractive financing options supported by the Swedish Export Credit Agency (EKN) and the Swedish Export Credit Corporation (SEK). An advance payment and a guarantee from EKN provided the financial security necessary for Nybergs Svets to undertake the project. While acknowledging the company's limited prior export experience, Wallin expressed enthusiasm for the project and confidence that the experience gained will enhance Nybergs Svets' competitiveness for future large-scale international contracts.