Uponor

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Uponor Oyj
Type Julkinen osakeyhtiö
Traded as OMXUNR1V
Industry Building materials
Founded 1982
Headquarters Vantaa, Finland
Key people Jyri Luomakoski (President and CEO), Jari Paasikivi (Chairman)
Products HVAC and plumbing systems
Revenue 749.2 million (2010)[1]
Operating income €52.4 million (2010)[1]
Profit €24.7 million (2010)[1]
Total assets €497.2 million (end 2010)[1]
Total equity €252.1 million (end 2010)[1]
Employees 3,200 (FTE, end 2010)[1]
Website www.uponor.com

Uponor Corporation offers plumbing and indoor climate systems for the residential and commercial building markets. In the Nordic countries, Uponor also supplies infrastructure pipe systems. Uponor manufactures pipe of the PEX material amongst many other items.

Uponor has operations in 30 countries, and 10 manufacturing facilities in five countries: Finland, Sweden, Germany, Spain and the United States. The corporation has about 3,300 employees .[2]

Uponor Corporation's shares have been listed on the Helsinki Stock Exchange, with ticker symbol UNR1V, since 6 June 1988. The company based in Finland is a Mid Cap company.

The corporation's head office is in the city of Vantaa, in the vicinity of the Helsinki airport.

Business[edit]

Uponor’s business comprises three product groups:

  • Indoor climate solutions (heating, cooling, and ventilation) (26%)
  • Plumbing solutions (54%)
  • Infrastructure solutions (20%)

Uponor’s business is divided into three business segments:

  • Building solutions - Europe
  • Building solutions - North America
  • Uponor Infra - Europe, North America and South East Asia

Uponor's customers include various building industry professionals, such as HPVAC installers and designers, architects, builders, property owners and developers as well as municipalities and public utility corporations.[2]

Indoor climate systems[edit]

Uponor's indoor climate offering includes integrated radiant heating, cooling and ventilation solutions, which are suitable for commercial buildings, offices and homes - in both new-build and renovation applications.[2]

Plumbing systems[edit]

Uponor's portfolio includes water pipes used in buildings, including potable water and radiator connection pipes. Uponor's PEX and composite pipe systems are used for renovation and modernisation projects.[2]

Uponor Infrastructure solutions[edit]

Uponor Infra is the result of a recent merger between Uponor Infrastructure solutions and KWH Pipe with the goal of facilitating the transport of clean water and sewage in both urban and rural areas. This division has production plants in Europe, North America, South East Asia specialising in large dimension water management products such as plastic pipes or fittings with applications for mining, district heating, gas transportation and large water distribution projects.

Ownership[edit]

Uponor Corporation’s major registered shareholders (31.12.2013):[3]

  1. Oras Invest Ltd (investment company of the Paasikivi family) (22.64%)
  2. Varma Mutual Pension Insurance Company (7.05%)
  3. Nordea Nordic Small Cap Fund (3.97%)
  4. Nordea Nordenfonden (1.71%)
  5. Ilmarinen Mutual Pension Insurance Company (1.26%)

Of the total shareholding, 31.81% are nominee-registered and in foreign ownership.

Governance[edit]

The Uponor Board of Directors: Jari Paasikivi, Chairman of the Board (Chairman of the Remuneration Committee, Member of the Audit Committee and Expert member of the Nomination board); Jorma Eloranta, Deputy Chairman of the Board (Member of the Remuneration committee); and members: Timo Ihamuotila (Chairman of the Audit Committee); Eva Nygren (Member of the Remuneration Committee); Rainer S. Simon; and Jari Rosendal (Member of the Audit committee).

The Uponor Executive Committee: Jyri Luomakoski is Uponor’s President and CEO. Other Executive Committee members are Riitta Palomäki, CFO; Sebastian Bondestam, Executive Vice President and President, Uponor Infra; Heiko Folgmann, Executive Vice President, Sales & Marketing - Building Solutions - Europe; Bill Gray, President, Uponor North America; Fernando Roses, Executive Vice President, Offering and Supply chain, Building Solutions - Europe; and Minna Schrey-Hyppänen, Executive Vice President, Human Resources.

[4]

References[edit]

External links[edit]