TULSA, Oklahoma - A Swedish company says it is locating its North American operations in Tulsa and will begin manufacturing later this year.

In a news release, SWEP says it is the world's leading supplier of brazed plate heat exchangers in the heat transfer industry.

The company says it will initially hire 25 employees at its facility at 12122 East 55th Street with an additional 30 to 50 employees being added by 2015.

"We're delighted to begin operations in Tulsa," said Håkan Nilsson, SWEP'S President. "Tulsa's ideal location will facilitate the ease of delivery to our customers. Additionally, Tulsa has a strong manufacturing and transportation base, low energy rates, a competitive workforce and also offered an attractive incentive package."

Tulsa Mayor Dewey Bartlett said SWEP's announcement is good news for northeastern Oklahoma. 

"Tulsa's thriving manufacturing sector continues to serve as a catalyst for economic growth. I am very pleased that this leading company has chosen northeast Oklahoma as the base for its North American operations, further solidifying the Tulsa region's standing as a hub for manufacturing while bringing high-quality jobs to the region," said Mayor Dewey Bartlett.

SWEP is headquartered in Landskrona, Sweden and employs 850 people worldwide.