Camfil Farr

Johan Ryrberg, Executive VP and CFO of the Camfil Farr Group, has this to say about the cooperation with SEB:

“Camfil Farr has relied on SEB as a corporate banking partner since the very start. Our long-term relationship exemplifies the importance of having a reliable bank that can engineer the right financing platform for rapid international expansion and cross-border acquisitions.”

From family business to global corporation
Camfil Farr was founded in 1963 as family business Camfil AB in Trosa, Sweden. The Group’s expansion has been unparalleled in the air filtration industry: from 1963 to 2009, more than 50 companies and production units have been started, established and acquired across all major world regions, the majority with SEB financing.

Today, the Camfil Farr Group is a world leader in the production and development of air filters and clean air solutions. Camfil Farr is also one of the most global air filtration specialists in the world; international markets account for almost 90 percent of sales.

Entering China in 2000
The company’s first venture into the Chinese market was in 2000 with a Representative Office in Shanghai, followed by the opening of its first Chinese production company for comfort air filters in 2002. Since then, an even larger production facility has been built, a management division and manufacturing platform has been added at the same plant, and another subsidiary has been started to conduct trading business.

“SEB’s corporate headquarters in Sweden and Shanghai branch were instrumental in helping us to establish and expand our operations in China,” says Johan Ryrberg. “The bank’s skilled and broad experience in international business financing – which we have leveraged to our benefit across all our geographical areas of operations for more than 40 years – came into valuable use in China, which is one of our most important growth markets. Today, we have the perfect platform for growing across the vast Chinese market.”

Facing a prosperous future
And there is more to come. It is likely not a matter of if Camfil Farr will expand further – but rather how – as they are experiencing an escalating interest for their products:

“Clean air is essential to everyone and we have witnessed how industry, the business community, government agencies and the public have become more and more concerned about the effects of indoor and outdoor air pollution and how poor air quality can have a negative impact on everything from production processes to the efficiency, health, well-being and productivity of people.

“We are looking forward to many more years of financing expertise from SEB to address this growing market as the global leader”, ends Johan Ryrberg.