This has made it one of the most affluent societies on earth, which, combined with the country's rock-solid political stability, has made it the ideal base for global expansion. The US International Trade Administration identifies Swedish manufacturing as "a best prospect industry sector" for investors, capitalising on these strengths. notes that manufacturing accounts for 20% of GDP, with advanced manufacturing generating more than $40bn a year.
Led by Rune Andersson, one of Sweden's most respected business leaders, Mellby Gard is one of the stars of the Swedish business world, with extensive interests in both manufacturing and retailing. The group has made its name finding global market niches, and building its position as a leader in them. A family-owned, long-term investor, it endeavours to preserve the entrepreneurial spirit of its companies.
"Almost all of our companies are in the top three in their segment," says Andersson. "What guides us at all times when launching a new company is to be leading that market in 10-20 years. We only work on special businesses. We prefer niches which are stable and in which we can grow our profits. Of course it takes time to lead in the field, but the only way to do it is as a family company. This is our secret, and is why we have such high profits. You can't achieve that if you only work with standard products."
This story is from the January 27, 2023 edition of Newsweek Europe.
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This story is from the January 27, 2023 edition of Newsweek Europe.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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