Svanehøj’s China expansion showing results

The segment is becoming a significantly larger part of the business for the company which has a target of increasing sales of P&C cargo pumps by 40% over the next three years and has just won its largest single P&C order since 2005.

“Since establishing an office in Suzhou at the end of 2019, we have strengthened our position in China, with our own sales and service people,” commented Johnny Houmann, sales director, Svanehøj. “Through local presence, we’ve become closer to shipyards in the region and thus gained greater insight into how we can best meet their needs,” he added.

Although the global construction of new ships is at its lowest level for several years, Svanehøj is showing strong growth with its latest report showing an increase in profit from US$2m in 2019 to US$9m in 2020.

Sales of Svanehøj’s DW Fuel Pump for liquefied gas have tripled in 2020 and expectations are for growth to continue. “After a few years of historically low activity in the market, the marine industry is anticipating several years of high growth. And there’s no doubt that this will give a further boost to the transition from oil to gas,” said chief executive, Søren K. Nielsen, who also highlighted the servicing of gas tankers as an area with growth potential.

In December 2020, Svanehøj doubled the size of its service department through the acquisition of Denmark’s FORCE Technology Marine Equipment Service.