We focus on profitable growth
Climate change, scarcity of resources, urbanisation and digitalisation continue to bring new opportunities and also requirements for the construction industry. Our vision is to become a recognised leader in sustainable building and infrastructure solutions. Our purpose statement – rethinking water for future generations – highlights that water is the heart of our operations.
We build on our strong market position in plumbing and indoor climate and we continue to expand in the commercial building solutions segment. On the infrastructure side, we continue to grow our sales of designed solutions to industrial customers.
Our strategy is based on four pillars.
We implemented several actions in each during 2020:
- Employees: We supported the safety and wellbeing of our employees during the global pandemic by adapting rapidly to the new requirements and enabling remote working where possible.
- Customers: We ensured the continuous supply of our products and services and developed new digital ways to interact with our customers.
- Innovations: We continued the development of both the S-Press PLUS fitting family and various prefabricated solutions in Europe. In North America, we introduced a total polymer solution with large dimension PP-RCT pipes to commercial markets. Uponor Infra expanded in marine construction services with the acquisition of a small Finnish engineering company, Insinööritoimisto Sukellus-Kotka.
- Operational excellence: We launched a programme aiming to deliver cost improvements of €20 million whose full effects will be realised by the end of 2021.