Uponor Corporation Stock Exchange Release 11 November 2008 Uponor concentrates metal component manufacture in Germany and plans workforce reductions in Iberia Uponor intends to move its Swedish metal fittings production from the Kungsör plant, near Västerås, to the company's existing plant in Hassfurt, Germany, to centralise production into one dedicated factory. The Kungsör plant will be phased out gradually and will be shut down in the spring of 2009. The closure will affect the jobs of 75 persons in total. Union negotiations will be initiated immediately. Concentrating metal fittings manufacture on the Hassfurt site, 180 km east of Frankfurt, will bring Uponor savings in production and logistics while simplifying the total supply chain process. Since the majority of the company's metal component customers are located in Central and Southern Europe, Uponor has chosen to focus on the German plant, which can accommodate additional volumes without major modifications. Uponor announced a company-wide cost reduction programme in August, which aims at adjusting the company's expense levels to weakening demand in customer markets. Uponor estimated then that the programme would result in the loss of more than 200 jobs. Prior to the Kungsör factory, Uponor has closed one manufacturing facility in Canada with a staff of 80 persons. Since the announcement of the cost reduction programme, market developments have taken a turn for the worse. Uponor has now initiated consultations with its staff in Spain with the aim of cutting personnel from various functions. Earlier in the autumn, Uponor began codetermination consultations with staff in Finland and Sweden, with the purpose of reducing its workforce by a maximum of 70 persons. Further information: Jyri Luomakoski, President and CEO, tel. +358 40 515 4498 Sebastian Bondestam, EVP Supply Chain, tel. +358 20 129 2846 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 4,200 persons in 27 countries. In 2007, Uponor's net sales (pro forma) totalled 1,050 million euros, returning an operating profit of 12.9%. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd., Finland. http://www.uponor.com
Uponor concentrates metal component manufacture in Germany and plans workforce reductions in Iberia
| Source: Uponor Oyj