Swedish fabricator Proplate lifts revenue, prepares investment

Proplate Oxelösund AB, a Swedish manufacturer of complex steel parts and assemblies for industries, lifted 2022/23 fiscal year revenue by 18% on-year to SEK 429 million ($39m). This is double the figure of three years ago and results in a net income of SEK 15.4m, Kallanish hears from the company.

It notes that its performance defied the challenges arising from a shortage of materials following Russia’s invasion of Ukraine, along with general price increases in areas such as electricity, transport, steel and packaging materials.

With a strong presence in the crane manufacturing sector in Europe and the US, the company says it is preparing further investment in its production facility in Sweden. Last year, it carried out several investments, including new office premises, expansion of the painting shop, and new training premises. It also expanded its capacity in the area of high-strength steels especially for the German market, including a blasting machine, welding robot, CNC machine and paint box (see Kallanish passim).

Proplate underlines its focus on long-term partnerships with customers that include Liebherr, Kobelco, Manitowoc, Toyota Material Handling, Epiroc, and Metso Outotec. These partnerships have helped to secure increased sales from existing customers, while also building new customer relations in Europe and the US, Proplate notes.

Proplate’s production facilities are located southwest of Stockholm. They are directly connected to the neighbouring mill of SSAB, one of its steel suppliers and also a customer for its mining equipment.

Christian Koehl Germany