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 Alfa Lavals's global HQ in Lund, Sweden | |
| Company type | Publicly traded aktiebolag |
|---|---|
| Traded as | Nasdaq Stockholm: ALFA |
| ISIN | SE0000695876 |
| Industry | Manufacturing, engineering and service |
| Founded | 1883; 141 years ago (1883) |
| Founders | Gustaf de Laval and Oscar Lamm |
| Headquarters | Rudeboksvägen 1, Lund, Sweden |
| Key people | Tom Erixon (President and CEO), Anders Narvinger (Chairman) |
| Revenue |  40.911 billion kr (2021) |
| Operating income |  6.142 billion kr (2021) |
| Net income | 4.801 billion kr (2021) |
| Total assets | 64.361 billion kr (2021) |
| Total equity | 32.344 billion kr (2021) |
| Number of employees | 17,883 (2021) |
| Website | www.alfalaval.com |
Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company started by providing centrifuges to dairies to be used to separate cream from milk. It now deals in the production of specialised products for heavy industry. The products are used to heat, cool, separate and transport such products as oil, water, chemicals, beverages, foodstuffs, starch and pharmaceuticals.
Alfa Laval is headquartered in Lund, Sweden and has subsidiary companies in over 100 countries around the world, including South Africa, Denmark, Italy, India, Japan, China, Netherlands, and the United States. As of the end of 2021, Alfa Laval had a global workforce of 18,574 employees and revenue of $4.77 billion.
Company structure and end-markets
Alfa Laval is a heavy industry company that focuses on the large-scale operations, such as the Marine, Energy, Food & Water industries.
Alfa Laval Marine division
Alfa Laval manufactures valves, pumps, heat exchangers, evaporators, distillers, oil separators, filters, ballast water treatment systems, and all other hardware vital to the operation of the a ship's engine room. As of 2011, Alfa Laval consolidated its Marine, Offshore, and Diesel divisions into one, Marine & Diesel, division in an effort to simplify logistics and administration of its marine wing to better serve maritime industry.
Alfa Laval’s Marine division works with end-markets in shipbuilding, offshore oil and gas, and diesel & gas-engine power. The division also develops technology to help marine customers comply with environmental regulations. Product areas include marine separation and heat transfer equipment, boilers and gas systems, and pumping systems.
In 2014, Alfa Laval acquired marine pump manufacturer Framo AS. It was Alfa Laval’s largest acquisition to that point, in order to further expanded the company’s offering of marine equipment.
In 2021, Alfa Laval acquired StormGeo, a weather analysis software provider for NOK 3.63 billion ($440 million). The use of StormGeo's digital products is increasing the decarbonisation of the industry; since 2018, their use has saved carriers 2.1 million tonnes of fuel, reducing CO2 emissions by 6.2 million tonnes.
Also part of the strategy to expand digital services for offshore vessels was the acquisition in 2022 of Danish company BunkerMetric, a developer of advanced decision support tools for offshore bunker vessels. The use of tools from both solutions will help optimise and improve the efficiency of maritime carriers. BunkerMetric's procurement optimisation tool will be part of the subscription of StormGeo's existing offering.
Alfa Laval Energy division
Alfa Laval’s Energy division has a long track record working with end-markets in oil & gas drilling and production, oil & gas and renewable fuel processing & transportation, oil refineries, and the petrochemicals industry. Other areas include HVAC applications, district heating and district cooling, power generation, engine cooling, pulp, paper, municipal and industrial waste treatment and recycling, bio-based material, mining and minerals. Product areas include heat exchanger and industrial scale centrifugal separation technologies.
Alfa Laval Food & Water division
Alfa Laval’s Food & Water division works with end-markets in food manufacturing, dairy, pharmaceuticals, ethanol, starch, sugar, municipal wastewater and industrial wastewater treatment, proteins, biotech, vegetable oils, and breweries. Product areas include high speed separators, food systems, food heat transfer, decanters, and hygienic fluid handling technologies.
In 2022, Alfa Laval acquired Desmet, part of the Desmet Ballestra, a world leader in engineering and supplying processing plants and technologies for edible oils and biofuel sectors. This acquisition is to support Alfa Laval's transformation towards renewable fuels.
History
Origins and early expansion
Alfa Laval was founded as AB Separator by Swedish inventor Gustaf de Laval and engineer Oscar Lamm in Stockholm in 1883. The De Laval Cream Separator Co., an American subsidiary, was founded the same year.
The company’s origin was de Laval’s invention of a continuous milk separator, which he and Lamm had first patented in 1878. Prior to this, dairy producers manually skimmed cream from milk, which was laborious and time-consuming. Capable of handling up to 130 litres per hour, de Laval’s centrifugal separator made this process easier and more efficient.
In 1888, AB Separator also began selling pumps to transport skimmed milk from the separator. In 1890, AB Separator introduced the first continuous separator with disc stacks featuring conical metal discs called Alfa Discs, which increased the separation capacity.
AB Separator was a privately held company until 1901, when it was listed on the Stockholm Stock Exchange. The company continued to expand internationally in the early 1900s, opening subsidiaries in Denmark, South Africa, Finland, Australia, New Zealand, Poland, Yugoslavia and Ireland by 1936.
In 1938, AB Separator began manufacturing its first heat exchanger. These were produced in Lund, Sweden, where later became the company’s headquarter.
Name and ownership changes
In 1963, AB Separator changed its name to Alfa-Laval AB, combining the name of the company’s founder with a reference to the Alfa Disc technology in its separators.
In 1991, the company returned to private ownership after it was acquired by the Swedish packaging group Tetra Pak. It was then renamed Alfa Laval AB and made into an independent industrial group within the newly formed Tetra Laval Group.
Tetra Laval sold a majority stake of Alfa Laval to the Swedish private equity group Industri Kapital (now known as IK Investment Partners) in 2000, who purchased the company with the intention of listing it publicly within a five-year period. Alfa Laval returned to the Stockholm Stock Exchange in 2002. As of 2019, Tetra Laval has retained a 29.1% minority stake in the company.
International operations
Manufacturing at Alfa Laval is carried out in several countries including Sweden, India, China, the UK, and USA.
As of 2022, Alfa Laval has over forty manufacturing units globally and holds more than 2,000 patents.
Canada
In Canada, Alfa Laval has had a presence for over 100 years, previously as DeLaval, which would provide such services to farmers as assisting them in the storage of their milk and providing cream separators. Alfa Laval is headquartered in Toronto and in 2009 opened a service centre in Edmonton, Alberta. In late 2010, staff in the Canadian operations numbered 74.
United States
Alfa Laval has been present in the United States of America for more than 130 years—marketing and supplying a broad range of heat exchangers, separators, decanters, pumps, tank cleaning devices, valves and fittings to customers in a wide range of market segments.
United Kingdom
Alfa Laval's head office in UK is located in Camberley, Surrey. Their pumps and manufacturing division was located in Eastbourne before closing in 2023, with further sales office in Birmingham.
Sustainability partnerships
Much of Alfa Laval’s current development is focused on technologies for improving energy efficiency to reduce carbon emissions, meeting marine environmental regulations, and providing cleaner water. The company is also a participant in a number of global partnerships for improving sustainability.
In 2018, Alfa Laval became a part-owner in Malta, Inc., for which they also supply heat transfer technologies. Incubated at X Development (formerly Google X), Malta Inc. is developing a new thermal energy storage solution that will enable the shift to renewable energy sources.
Also in 2021, Alfa Laval and Wallenius Marine formed a joint venture called AlfaWall Oceanbird. The partnership aims to supply wind propulsion solutions for the shipping industry, in order to reduce emissions.
Business management
CEOs
- 1883–1886 – Oscar Lamm
- 1887–1915 – John Bernström
- 1915–1922 – Erik Bernström
- 1922–1946 – Axel Wästfelt
- 1946–1960 – Harry G. Faulkner
- 1960–1980 – Hans Stahle
- 1980–1989 – Harry Faulkner
- 1989–1991 – Lars Kylberg
- 1991–1992 – Lars Halldén
- 1992–1994 – Gunnar Brock
- 1995–1998 – Leif Rogersson
- 1997–2004 – Sigge Haraldsson
- 2004–2016 – Lars Renström
- 2016–Current – Tom Erixon
Chairman of the Board
- 1932–1962 – Raoul Nordling
- 1980–1989 – Hans Stahle
- 1991–1998 – Bertil Hagman
- 2000–2003 – Thomas Oldér
- 2003–Current – Anders Narvinger
References
- "Alfa, Alfa Laval, (SE0000695876)". Nasdaqomxnordic.com. Retrieved 3 September 2022.
- Wohlert, Claus (1981). "The rise of Swedish multinational companies". The rise of Swedish multinational companies : a case study against the background of direct investment theories : Alfa-Laval and the separator industry 1876-1914. Retrieved 4 September 2022.
- ^ "Alfa Laval Annual Report 2021" (PDF). Alfa Laval Corporate AB. pp. 8, 152, 190. Retrieved 2 September 2022.
- "Alfa Laval AB Financial Statements 2016-2022". www.macrotrends.net. Macrotrends. Retrieved 2 September 2022.
- "Alfa Laval AB: Number of Employees 2017-2022". www.macrotrends.net. Macrotrends. Retrieved 2 September 2022.
- "Alfa Laval: Industry of genius". scanmagazine.co.uk/. Scan Magazine. 10 July 2019. Retrieved 8 September 2022.
- "Alfa Laval unveils new three division structure". Pump Industry Analyst. 2011 (11): 13. November 2011. doi:10.1016/S1359-6128(11)70469-4.
- "Summary of Alfa Laval's Capital Markets Day". globenewswire.com. Globe Newswire. Retrieved 2 September 2022.
- "Alfa Laval launches new system for reducing marine emissions". www.marineinsight.com. Marine Insight. Retrieved 2 September 2022.
- "Alfa Laval acquires Frank Mohn AS, a leader in marine and offshore pumping systems, and strengthens its fluid handling portfolio". www.globenewswire.com. GlobeNewswire. Retrieved 2 September 2022.
- "Alfa Laval buys StormGeo for $440m". SmartMaritimeNetwork. Archived from the original on 1 December 2023. Retrieved 13 March 2024.
- "Alfa Laval acquires Denmark-based Bunkermetric". Seekingalpha. Archived from the original on 13 March 2024. Retrieved 13 March 2024.
- "Alfa Laval completes acquisition of Desmet". www.prnewswire.com. Retrieved 2 September 2022.
- ^ "Carl Gustaf Patrick de Laval (1845–1913)". European Route of Industrial Heritage. Retrieved 3 September 2022.
- ^ "History of Alfa Laval". Alfa Laval. Retrieved 3 September 2022.
- "Gustaf de Laval". tekniskamuseet.se. Tekniska Muséet. Retrieved 2 September 2022.
- "History of Tetra Pak". tetrapak.com. Tetra Pak. Retrieved 2 September 2022.
- "Industri Kapital completes the acquisition of Alfa Laval". www.ikpartners.com/. IK Investment Partners. Retrieved 2 September 2022.
- "Case Study: Alfa Laval". www.to-increase.com. To-Increase. Retrieved 8 September 2022.
- "Alfa Laval USA Inc". www.bloomberg.com. Retrieved 8 September 2022.
- "Alfa Laval Focuses on Sustainability at UK Servicing Event". www.modularmanagement.com. Modular Management. Retrieved 8 September 2022.
- "Alfa Laval supports new funding of US energy storage startup Malta". ammonia21.com. Ammonia21. 25 March 2021. Retrieved 2 September 2022.
- "Alfa Laval is part of the next phase of development for a sustainable energy storage solution". www.prnewswire.com. PR Newswire. Retrieved 3 September 2022.
- "Alfa Laval and Wallenius Join Forces on Oceanbird Wind". shipandbunker.com. Ship & Bunker. Retrieved 3 September 2022.
- "Wallenius and Alfa Laval will join forces to make Oceanbird a reality". www.walleniusmarine.com. Wallenius Marine. 29 June 2021. Retrieved 3 September 2022.
 OMX Stockholm 30 companies of Sweden | |
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