Pipe World magazine has been published
This year’s first issue of Uponor Infra's customer magazine, Pipe World, has been published. Pipe World gathers together some of the most interesting cases and stories from Uponor around the world.
Uponor is proud to sponsor Team Nepali: an interdisciplinary team of five master and doctoral students from Aalto University in Helsinki, Finland, who are carrying out research project this spring called Nepali as part of a studio course in Aalto University, Helsinki and the Sustainable Global Technologies programme.
Strong net sales of North American businesses drive performance improvement in the first quarter
In the first quarter of 2018, Uponor’s net sales reached €276.9 million, with organic growth at 4.5%, or 10.7% excluding the adverse currency impact. The operating profit came to €17.0 million, a change of 16.1%, the currency-neutral improvement being 24.9%.
“The first quarter of 2018 was rather uneventful overall. In contrast to 2017, the Easter started in the first quarter resulting in fewer shipping days, which impacted net sales, similar to the prolonged winter that turned out to be somewhat unfriendly to construction in most of our key markets,” says Uponor’s President and CEO, Jyri Luomakoski.
He also commented development in the company’s segments:
“Generating growth in our Building Solutions - Europe segment continues to be a challenge. While the markets are in good shape, they are not growing in step with the prevailing positive sentiment. Our prefab initiatives continue to progress in line with expectations, as our solutions are genuinely helping customers to improve technical quality and offset labour shortages.”
“Building Solutions - North America had a positive start for the year, recovering well from the supply bottlenecks witnessed last year as a consequence of a production outage in Q2/2017. Nevertheless, due to currency conversion, the consolidated numbers, reported in euro, do not show the positive progress made. Currency swings have not materially impacted on our competitiveness in North America, because operations there are local.”
“We are delighted by Uponor Infra’s overall growth. In 2016 - 2017, the segment carried out and invested in a transformation programme to streamline its Nordic operations. In the current quarter, however, the segment’s growth came mostly from outside the Nordic markets, and hence the benefits of the Nordic transformation programme were not visible.”
The comprehensive financial statements bulletin is available on the company’s investor website.
Uponor Story – Better Living Environments documentary film now available
Uponor's 100-year story has been made into a 42 minute documentary film, portraying the huge transformation Uponor has seen over the 100 years: after manufacturing furniture, Uponor produced cast iron, household appliances, and even fabric, until pipes and sustainability became the core of our company. The documentary shows how Uponor is changing into a producer of solutions relating to comfort and health, highlighting also how precious a raw material water truly is.
Tarmo Anttila, Vice President, Group Communications, says that the documentary has not only been made to celebrate our 100-year anniversary, but also for the people that have influenced Uponor's story over the years.
“The only downside here was that we could not include all the people we wanted to in the documentary, there were simply so many of them. The documentary as a whole, however, turned out to be a great success," says Tarmo.
Uponor is celebrating its 100-year anniversary in 2018
Uponor's story begins in 1918, when Aukusti Asko-Avonius established a carpentry workshop in Lahti, Finland. The workshop quickly grew into the largest furniture supplier in the Nordic countries. In the 1960's, the company expanded its business further into the plastic industry by bringing its first plastic pipes into the market.
Today, Uponor is a leading international provider of systems and solutions for safe drinking water delivery, energy-efficient radiant heating and cooling, and reliable infrastructure.
Uponor continues its solid performance, despite sizable investments for the futureIn 2017, Uponor’s net sales reached €1,170.4 million, up 6.5% in the organic terms. Uponor’s comparable operating profit in 2017 came to €97.2m million, representing a change of 7.2% year-over-year.
Uponor invests further USD10 million in Phyn to accelerate growth in smart water systems
Uponor has made a decision to invest an additional USD10 million in Phyn, a joint venture between Uponor and Belkin International, bringing its total investment in the company to USD25 million. With this second round of funding, Uponor establishes a 50 percent ownership in Phyn, with the other 50 percent owned by Belkin.
Phyn will utilise the funding to further accelerate market penetration and scale the company’s operations as it prepares for commercialisation in late spring of its debut product the Phyn Plus, smart water assistant + shutoff.
Phyn Plus is an intelligent water monitor that attaches to the main water line of homes. Through a combination of high-definition pressure sensing and machine learning, Phyn Plus detects leaks and plumbing issues and can automatically shut off the main water supply when needed to prevent costly damage. Phyn Plus will be available for purchase in the U.S. for USD850 exclusively through the Uponor Pro Squad, a nationwide network of expertly trained plumbers and water specialists.
Uponor’s good progress in the third quarter offsets the shortfall in the second quarter.
In the third quarter, Uponor’s net sales reached €317.5 million, up 11.8%. Uponor’s comparable operating profit in the quarter came to €40.4 million, representing a change of 38.9% year-over-year.
Weholite Licence to Turkey
Uponor Infra Oy and GEZER Endüstri İnşaat Sanayi ve Ticaret A.Ş have signed a Weholite Licensing Agreement for the manufacture and marketing of the Weholite pipe in Turkey.
In addition to Uponor Infra’s own production of Weholite, there are licensees in UK, Iceland, Oman, South Africa, Malaysia, Thailand, Japan, Chile, Brazil, France and now also in Turkey.
Gezer is a Turkish manufacturer of solutions for tanks, manholes and pumping stations. Weholite production for Gezer will be carried out in their existing facilities in Istanbul area.
The Weholite product line, invented by Uponor Infra (former KWH Pipe) in the 1980s, consists of polyolefine pipe, fittings and fabricated assemblies. The structured-wall HDPE Weholite pipe is available in various sizes, with inside diameters ranging up to 3500 mm, which is of great interest of Gezer.
The pipe is used extensively worldwide in low pressure/gravity service applications for drinking water, stormwater, sewage and various other liquids. Weholite fabricated assemblies are designed for special functions, such as manholes, retention tanks and even individual family-sized sewage treatment units for non-urban regions.
The Weholite products are expected to be available from Gezer during the first quarter of 2018.