Uponor - Company Announcement

Uponor invests €16 million to expand PEX pipe manufacturing capacity in North America

Uponor Corporation         Stock exchange release                     23 Feb
2015 17.00 EET 

Uponor invests €16 million to expand PEX pipe manufacturing capacity in North
America 

Uponor's U.S. subsidiary, Uponor, Inc. is expanding its manufacturing facility
in Apple Valley, Minnesota, beginning this spring and with completion expected
by December 2015. The €16 million ($18m) investment will be mostly used toward
expansion of an additional 8,175 m2 (88,000 sq. feet) of manufacturing and
office space, including manufacturing equipment that is required. 

Uponor has seen a continued growth of its business in North America ever since
recovery from the 2007 financial crisis started, and has over the years already
completed five steps of expansion. 

“Uponor, Inc. continues to see growth opportunities in commercial and
residential construction in North America, and this expansion will ensure they
match forecast growth and demand for plumbing and indoor climate systems”, says
Jyri Luomakoski, President and CEO at Uponor Corporation. 

Apple Valley, Minn. is the centre for Uponor, Inc.'s operations, and this year
marks its 25-year anniversary in Apple Valley. In total, the company employs
close to 500 employees in the Twin Cities area. In the past three years, Uponor
has added over 130 new jobs, and plans to hire more as a result of the
manufacturing expansion at hand, in which the company will pursue LEED®
certification to match corporate sustainability ambitions. 

Uponor made a deliberate decision to expand in the Twin Cities metro area due
to its location, but also due to the favourable business environment, including
access to a wealth of talent and the support from both the City of Apple Valley
and the State of Minnesota over many years. 

For further information, please contact:

Jyri Luomakoski, President and CEO, tel. +358 20 129 2824
Riitta Palomäki, CFO, tel. +358 20 129 2822



Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852



DISTRIBUTION:

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www.uponor.com

Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. The Group employs approx. 4,000 persons, in 30
countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation
is listed on NASDAQ Helsinki in Finland. www.uponor.com