Uponor - Other information disclosed according to the rules of the Exchange

Uponor invests €16.3 million to expand PEX pipe manufacturing capacity in North America

Uponor Corporation     Stock exchange release     4 May 2017     16.00 EET

Uponor invests €16.3 million to expand PEX pipe manufacturing capacity in North
America 

Uponor’s U.S. subsidiary, Uponor, Inc., part of the Building Solutions – North
America segment, will be expanding its manufacturing facility in Apple Valley,
Minnesota with a €16.3 million ($17.4 million) investment. Completion is
expected by January 2018. The tenth expansion since operations started in Apple
Valley in 1990, this new expansion will add an additional 5,440 square metres
(58,000 square feet) in manufacturing operations space related to crosslinked
polyethylene (PEX) pipe production. 

The North American market represents nearly one third of Uponor’s global net
sales (2016), of which building solutions represents a clear majority, and the
number has been growing steadily in the past few years. 

“Uponor, Inc. continues to see growth opportunities in commercial and
residential construction in North America, and this expansion is required to
meet forecasted growth for plumbing and indoor climate systems used in
residential and commercial buildings,” says Jyri Luomakoski, President and CEO
at Uponor Corporation. 

In the January–March 2017 interim report on 3 May, Uponor stated that its
capital expenditure in 2017 is expected to come close to €60 million. The
above-mentioned expansion investment does not trigger a change in this
statement. 

Apple Valley is the centre for Uponor, Inc.’s North American operations. In
total, the U.S. subsidiary has close to 700 employees in the Twin Cities area.
In 2016, Uponor, Inc. added more than 100 new jobs, and plans to hire more as a
result of the manufacturing expansion. The expansion will be designed to the
same LEED® standards as the existing facility to match corporate sustainability
ambitions. 



For further information, please contact:

Jyri Luomakoski, President and CEO, tel. +358 20 129 2824
Maija Strandberg, CFO tel. +358 20 129 2830




Uponor Corporation

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



DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com



Uponor is a leading international systems and solutions provider for safe
drinking water delivery, energy-efficient radiant heating and cooling and
reliable infrastructure. The company serves a variety of building markets
including residential, commercial, industrial and civil engineering. Uponor
employs about 3,900 employees in 30 countries, mainly in Europe and North
America. In 2016, Uponor's net sales totalled €1.1 billion. Uponor is based in
Finland and listed on Nasdaq Helsinki. www.uponor.com