Nord-Lock Group has won the prestigious Export Hermes award given by the Swedish Fund for Export Development.
The firm was awarded the accolade for its wedge-locking washer, a product used globally for its ability to secure bolted joints which are exposed to severe vibration and dynamic loads. The product is used worldwide in applications spanning wind turbines, Shinkansen trains and NASA satellites to semiconductor fabrication plants.
Nord-Lock's CEO Fredrik Meuller accepted the award from Sweden's Prince Daniel during the Tendency Day held at the Musikaliska Concert Hall in Stockholm.
The Export Hermes award has been presented each year since 1981 to Swedish companies that have achieved significant export success. The Jury's reasons for giving this year's award to Nordlock were:
"The Nord-Lock Group has an impeccable business history of leveraging its wide-ranging engineering expertise and product innovations to become a global export company that actively supports the foundations of modern society."
Mueller added: "The Nord-Lock Group has firmly built up a world-leading business, with many big-name companies on its list of global customers. The Nord-Lock Group currently has a turnover of SEK 1.4 billion and employs 600 people in 25 countries. Our journey has been fantastic and fortunately we've only just scraped the surface up to now."