Nybergs Svets Secures Landmark Export Order for Guyana Hospital Project

Nybergs Svets, a Swedish steel subcontractor from Alingsås, has achieved its first significant export order outside Scandinavia, supplying 1,500 tons of steel structures for a new hospital in New Amsterdam, Guyana. The project involves constructing a modern facility featuring 230 beds, three operating rooms, and advanced diagnostic facilities. This milestone was facilitated by a prepayment from the builder and a guarantee from the Swedish Export Credit Agency (EKN), which allowed the financing bank to release 100% of the prepayment without withholding any amount as security. CEO Patrik Wallin highlighted how the EKN guarantee was crucial for managing liquidity and enabling the extensive material procurement required for the project.

Having operated domestically since its founding in 1914, Nybergs Svets is now expanding internationally amid challenges in the Swedish construction market. The first shipment left Gothenburg in early June and arrived in South America eight weeks later, with final deliveries expected by November. The hospital project was initiated by Elof Hansson International AB, part of Serneke International Group, which encourages Swedish suppliers to leverage export guarantees like those from EKN and SEK to facilitate financing.

Guyana, currently the world's fastest-growing economy due to recent oil discoveries, is investing heavily in healthcare infrastructure to broaden its economic base and develop regional facilities. This project not only strengthens Nybergs Svets’s foothold in global markets but also reflects the broader opportunities for Swedish exporters in emerging economies.