|
|||
2009-01-28 08:17:57 CET 2009-01-28 08:18:55 CET REGULATED INFORMATION Uponor - Company AnnouncementUponor enters a EUR 14.5m provision in the 2008 Financial Statements to cover for product replacement costs in the U.S.Uponor Corporation Stock Exchange Release 28.01.2009 Uponor enters a EUR 14.5m provision in the 2008 Financial Statements to cover for product replacement costs in the U.S. Uponor enters a EUR 14.5m provision in its 4th quarter 2008 financial statements to cover for the costs of residential plumbing replacements to be carried out in the United States. One of Uponor's discontinued brands delivered residential plumbing systems in the early 2000s, which were fitted using stainless steel clamps sourced from a third party. Some installations of these clamps in the Las Vegas, Nevada area are experiencing failures under certain circumstances. Uponor plans to carry out a programme to replace the affected installations in order to avoid further damage. Those concerned are being notified of the programme. Uponor has initiated actions to attempt to recover the cost of the replacement programme from the supplier of the clamps as well as its insurance company. Further information from: Ms Reetta Härkki, General Counsel, Tel +358 20 129 2835 Tarmo Anttila Vice President, Communications Tel +358 20 129 2852 DISTRIBUTION NASDAQ OMX Helsinki Media www.uponor.com Uponor is a leading supplier of plumbing and heating systems for the residential and commercial building markets across Europe and North America, and a market leader in municipal infrastructure pipe systems in the Nordic countries. Uponor's key applications include indoor climate and plumbing systems. The Group employs ca 4,000 persons in 27 countries. In 2007, Uponor's net sales (pro forma) totalled 1,050 million euros. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd., Finland. http://www.uponor.com |
|||
|