IPCO manufactures steel belts and processing equipment for industrial-scale manufacturing across wood panels, food, chemicals, and composites. The tech stack is heavily weighted toward Siemens automation (TIA Portal, WinCC, S120, PROFINET), reflecting embedded control and machine engineering as core competencies. Hiring is engineering-focused with mid-level concentration, but recent velocity has slowed—coupled with pain points around service team scaling and aftermarket sales, this suggests a shift from growth-stage expansion toward operational optimization and customer retention.
Notable leadership hires: Financial Hub Head
IPCO is a Swedish manufacturer of steel belts and industrial processing technologies, founded in 1969 and publicly traded. The company serves a global customer base across wood-based panels, petrochemicals, food, automotive, pharmaceuticals, and composites, with annual sales near €200 million and over 700 employees across 25 countries. Core product lines include conveyor belts for industrial ovens, casting systems for film production, cooling and granulation systems for chemicals and food, composite presses, and chocolate forming equipment. The company is owned by FAM AB, part of the Wallenberg group.
IPCO's primary stack centers on Siemens automation: TIA Portal, WinCC Advanced/Unified, S120 drive systems, and PROFINET networking. They also use AutoCAD, Infor M3 (ERP), and Microsoft Office for design and business operations.
IPCO is headquartered in Sandviken, Gävleborg, Sweden. The company has over 700 employees and operates sales and service teams across 25 countries.
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