IPCO
IPCO is a Sweden-based industrial equipment manufacturer of steel belts, double belt presses, rotoform pastillation systems, and scattering/film-casting systems. It serves enterprise manufacturers in batteries, automotive, aerospace, chemicals, and energy through direct global sales and aftermarket services.
- Company typePrivate
- Founded2017
- HeadquartersSandviken, Sweden
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What IPCO does
IPCO is an industrial process solutions company headquartered in Sandviken, Sweden, that designs and manufactures steel belt-based continuous processing equipment for industrial manufacturers worldwide. Its core product portfolio includes steel belts and conveyor components, ThermoPress double belt press systems, Rotoform pastillation systems, ScatterPro scattering systems, and thin film casting technologies. These systems are differentiated by precision tolerances (±10 µm belt thickness), high-pressure capability (up to 20 Bar), and industrial scale (belt widths up to 3 meters), enabling continuous manufacturing workflows for thermoset/thermoplastic composites, battery electrodes, separators, and other advanced materials.
The company serves enterprise customers across automotive, aerospace, energy (batteries, fuel cells, solar), chemicals, building materials, and general industrial manufacturing. Its go-to-market is predominantly direct enterprise field sales through a network of offices in 30+ countries across Europe, the Americas, and Asia Pacific, supplemented by channel partners in select markets such as Mexico and Egypt. Revenue is generated through one-time equipment sales complemented by recurring aftermarket streams — spare parts, repairs, retrofits, upgrades, and maintenance contracts — supported by customer-facing Productivity Centers in Fellbach, Germany and other locations for process testing and scale-up.
IPCO traces its origins to 1901 as part of Sandvik and was established as a stand-alone company in 2017. In 2025 it acquired New Era Converting, a New Jersey-based web converting equipment manufacturer, extending its capabilities in coating, laminating, embossing, and calendering. The company employs 650+ people globally and is privately held, with Robert Hermans serving as CEO. Revenue figures are not publicly disclosed.
IPCO firmographics
Firmographics- Name
- IPCO
- Legal name
- IPCO AB
- Website
- https://ipco.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- IPCO is a Sweden-based industrial equipment manufacturer of steel belts, double belt presses, rotoform pastillation systems, and scattering/film-casting systems. It serves enterprise manufacturers in batteries, automotive, aerospace, chemicals, and energy through direct global sales and aftermarket services.
- Ownership category
- akta.pro rank
IPCO industry classification
Industry- Product category
- Industrial Processing Equipment
- NAICS
- Rubber and Plastics Hoses and Belting Manufacturing (326220), Industrial Machinery Manufacturing (3332), Industrial Machinery Manufacturing (33324)
- SIC
- Special Industry Machinery (No Metalworking Machinery) (3550), General Industrial Machinery & Equipment (3560)
- akta.pro primary industry
- Industrial Belting (Conveyor, Power Transmission) (IMANALAB)
- akta.pro secondary industry
- Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers) (IMAHABAH)
Keywords
Where IPCO is headquartered
LocationHeadquarters
- HQ city
- Sandviken
- HQ country
- Sweden
- HQ region
- Europe
Offices9 records
Markets served
IPCO business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Equipment sales: Sale of industrial processing equipment including steel belts, double belt presses, rotoform systems, and scattering systems
- Aftermarket and spare parts: Spare parts, repairs, upgrades, and replacement services for installed equipment
- Service and support: Installation, maintenance, commissioning, and technical support services
- Maintenance contracts: Ongoing maintenance contracts and service agreements
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
IPCO product offering
Product offeringCore offering
IPCO manufactures and sells industrial processing equipment built around steel belt technology, including steel belt conveyors, ThermoPress double belt press systems, Rotoform pastillation systems, and scattering systems. The equipment is sold to industrial manufacturers in the automotive, building materials, chemicals, and energy sectors (including battery, fuel cell, and solar production). The company also operates Productivity Centers for customer testing and provides aftermarket service, spare parts, and maintenance contracts for installed equipment.
Product overview
IPCO is an industrial processing solutions company offering a portfolio of steel belt-based manufacturing equipment and systems. The core product line includes steel belts (for conveyors and processing), Rotoform pastillation systems (for pelletizing molten materials), scattering systems (for powder distribution), and thermo double belt presses (for composite and battery material processing). The company also provides specialized battery manufacturing technology for electrode and separator production. IPCO serves industries including automotive, building materials, chemicals, energy (batteries, fuel cells, solar), and general industrial manufacturing through direct equipment sales and global service support.
Differentiator
Problem solved
Functional benefit
Products and services
- Steel belts
- Steel belts conveyor components
- Rotoform pastillation systems
- Scattering systems
- Thermo double belt presses
- Battery manufacturing technology
- Productivity Centers
Quantifiable outcome
- ±10 µm steel belt thickness tolerance ensures consistent high-quality production
- +2 more outcomes
Companies that use IPCO
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
IPCO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
IPCO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- New Era Converting (acquired 2025)coreAcquisition of New Era Converting, a New Jersey-based web converting equipment manufacturer specializing in coating, laminating, embossing, and calendering. This expanded IPCO's capabilities in battery production systems, combining roll-to-roll processing with double belt pressing systems for fully integrated continuous manufacturing workflows.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
IPCO competitors and assessment
Company assessmentBroad incumbents
- GEA Group: German process engineering company supplying equipment for food, dairy, chemicals, and pharma. Competes with IPCO in pastillation and continuous processing for similar end-markets.
- Sandvik: Swedish engineering conglomerate and IPCO's former parent (pre-2017 spin-off). Sandvik still operates in materials technology and adjacent industrial process solutions, making it a broad incumbent with overlapping DNA and historical ties.
- Bühler Group: Swiss-based process technologies provider for food, feed, and advanced materials. Overlaps with IPCO in continuous processing equipment, particularly for food, chemicals, and advanced material applications.
- Andritz: Austrian industrial process equipment supplier serving pulp/paper, metals, and separation; comparable in scale, engineering capability, and similar continuous-process equipment procurement paths as IPCO.
- Illinois Tool Works (ITW): US diversified industrial manufacturer with multiple process equipment businesses. Overlaps with IPCO through specialty equipment, automotive, and energy end-markets though not a direct competitor in steel belts.
- Hosokawa Micron: Japanese-headquartered process equipment vendor for powders, particles, and films. Overlaps with IPCO in pastillation, scattering, and continuous processing for chemicals and battery materials.
- Voith: German engineering group active in paper, energy, drive systems, and industrial services. Comparable as a large industrial process equipment conglomerate with overlapping B2B engineering and project-sale DNA.
Direct peers
- Berndorf Band Group: Austrian-headquartered global manufacturer of steel belts and conveyor systems, the closest direct peer to IPCO's core steel belt and double belt press business, serving similar process industries worldwide.
- Belt Technologies (formerly Belt Technology): US-based manufacturer of metal belts and conveyor systems serving industrial processing applications — a direct peer in steel belt technology used in similar continuous processing workflows.
Emerging players
- Lafer: Italian-based equipment manufacturer with comparable continuous processing machines and finishing lines for textiles, films, and composites — an adjacent emerging player in similar process technology.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
IPCO social profiles
Digital presenceIPCO financial estimates
Financial estimateRevenue estimate
Valuation estimate
IPCO leadership team
Management profileNumber of profiles
Profiles1 record
IPCO subsidiaries and ownership
Company hierarchySubsidiaries1 record
IPCO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IPCO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IPCO
What does IPCO do?
IPCO manufactures and sells industrial processing equipment built around steel belt technology, including steel belt conveyors, ThermoPress double belt press systems, Rotoform pastillation systems, and scattering systems. The equipment is sold to industrial manufacturers in the automotive, building materials, chemicals, and energy sectors (including battery, fuel cell, and solar production). The company also operates Productivity Centers for customer testing and provides aftermarket service, spare parts, and maintenance contracts for installed equipment.
Is IPCO a public or private company?
IPCO is a private company. It is classified as unknown and is currently operating.
When was IPCO founded?
IPCO was founded in 2017. It employs 501 to 1,000 people.
Where is IPCO based?
IPCO is headquartered in Sandviken, Sweden, in the Europe region.
How does IPCO make money?
Four revenue lines are on record. Equipment sales are the primary driver. The others are aftermarket and spare parts, service and support and maintenance contracts.
Who are IPCO's main competitors?
Broad incumbents on record are GEA Group, Sandvik, Bühler Group, Andritz, Illinois Tool Works (ITW), Hosokawa Micron and Voith. Direct peers are Berndorf Band Group and Belt Technologies (formerly Belt Technology). Lafer is listed as an emerging player.
Does IPCO have an API?
No public API is recorded for IPCO.
What industry is IPCO in?
IPCO's product category is Industrial Processing Equipment. Its primary akta.pro industry code is IMANALAB, Industrial Belting (Conveyor, Power Transmission), with a secondary code of IMAHABAH, Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers). Its NAICS code is 326220 and its SIC code is 3550.