Lordan A.C.S. Ltd. has announced the formation of LORDAN IBERIAN COILS (LIC) in Spain, in collaboration with Barcelona-based heat exchanger manufacturer SEREVA. As part of this strategic endeavour, Lordan has acquired 19.9% of SEREVA’s shares and will utilize SEREVA’s facilities for the new venture.
LIC is set to begin full-scale production in Q1 of 2025, enhancing Lordan’s service efficiency and capacity in European markets. New production lines are currently being installed at the facility.
This move underscores Lordan’s commitment to expanding its operational reach in key markets, reinforcing its leadership position in the heat exchanger industry.