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Uponor Oyj Increases Capacity in North America


Tuesday, 23 Apr 2013 07:00am EDT 

Uponor Oyj announced that its subsidiary will invest in new capacity at the Apple Valley facility in Minnesota, the United States, adding some 1,600 square meters of mostly manufacturing space in connection to its existing premises. The construction will start in May 2013, and the extension is expected to be operational by year-end 2013. The investment will increase Uponor’s capital expenditure by some EUR 12 million, causing the total consolidated capital expenditure to clearly exceed depreciation in 2013. This will be the fifth expansion for the 1990-built facility, which houses Uponor’s North American offices, manufacturing and Uponor Academy, the onsite training center. It represents an increase of close to 15% in manufacturing capacity. 

Company Quote

13.01
-0.09 -0.69%
23 Jul 2014