Stockholm Companies are based on capital intensive industries. The services and industrial sectors contribute 98.6% of the country's GDP (gross domestic product). Privately owned companies contribute 90% of the total industrial production, out of which 50% are in the engineering sector. Companies in the power, iron and steel, and timber are the main revenue earners for the Swedish economy.
Automobile, precision instruments, paper, and processed foods are the other major industrial activities in Sweden.
Stockholm Manufacturing Companies
Stockholm is renowned for being home to manufacturing majors. Some of these companies are:
- Alfa Laval AB - Alfa Laval AB specializes in manufacturing heat exchangers, fluid handling pumps, and centrifuges. The head office is in 1 Rudevoksvagen, Lund 226 55.
- Asea Brown Boveri (ABB) - This is a major process automation, power transmission and distribution, and turnkey power sub-station manufacturer and integrator.
- Volvo AB - Volvo is a globally acclaimed manufacturing company for automobiles, aircraft engines, industrial machineries, and construction equipments.
- SSAB (Svenskt Stal Aktiebolag) - In Sweden SSAB is synonymous with steel. This company is headquartered in 70 Klarabergsviadukten, Stockholm.
Stockholm Precision Equipment Companies
Precision engineering manufacturing companies play
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a vital role in shaping Sweden's economy. A few of the reputed companies are:
- Haldex AB - This is a precision engineering company manufacturing piston rings, valve springs, brake systems, fuel injection pumps and the like. Their head office is in 11 Biblioteksgatan, Stockholm 103 88.
- Saab AB - Saab headquartered in 1 Kungsbron, Stockholm 107 24 is a famed manufacturer of microwave systems, aircraft landing gears, surveillance and communication systems, and electronic warfare systems.
- Sandvik Aktiebolag - Sandvik specializes in manufacturing drill machines used in mines, automobile and aviation industries, and other engineering industries.
- Aktiebolaget SKF - SKF is synonymous with roller and ball bearings. It also manufactures seals for motor vehicles, aircraft engines, and electrical motors
Other renowned Stockholm Companies include:
- AB Electrolux - A premier manufacturer of household appliances
- LM Ericsson - A world leader in telecommunication equipments
- SAS AB - The leading airline company of the Scandinavian and Balticregions
- Skanska AB - The largest property development and construction company in Stockholm, Sweden
- Svenska Cellulosa Aktiebolaget - Globally one of the largest producers of all varieties of paper and forestry products.
Stockholm companies have enabled Sweden to become one of the most developed and economically prosperous nations of the world.
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