Uponor Corporation PRESS RELEASE 9 February 2010
Uponor makes a donation to Aalto University
The Board of Directors of Uponor Corporation has decided to donate EUR 400,000
to the capital of the Aalto University foundation. With this donation, Uponor
wishes to contribute to the development of Finnish cutting-edge expertise as
well as the building of future competitiveness.
"We want to be part of the united front of Finnish companies that aims to
ensure and maintain a high level of expertise in Finland. In the long run, this
will benefit the whole of Finnish society," CEO Jyri Luomakoski explains.
Luomakoski considers the strategic focus areas of Aalto University - service
sciences, energy and the sustainable use of natural resources, and a
human-oriented living environment - to be firmly in line with Uponor's
operating principles and objectives.
Aalto University's foundation capital will have a considerable impact on the
new university.
"The foundation capital allows us to invest heavily in enhancing the quality of
research and teaching. We will also offer companies entirely new cooperation
opportunities," says Jari Jokinen, Development Manager of Aalto University.
On 1 January 2010, the Helsinki School of Economics, the School of Art and
Design and the Helsinki University of Technology merged to form Aalto
University. This new foundation-based University will be provided with the
financial conditions needed to develop into a world-class research and teaching
institution. The Confederation of Finnish Industries EK is committed to raising
EUR 200 million for the Aalto University foundation by the end of 2010.
Meanwhile, the Government of Finland will invest 2.5 times the amount raised by
EK, up to EUR 500 million.
Aalto University has 20,000 students. Of its total of 4,300 staff members,
approximately 300 are professors.
For further information, please contact:
Jyri Luomakoski, President and CEO, Uponor Corporation, tel. +358 (0)20 129 2824
Marcus Nybergh, Project Manager, Confederation of Finnish Industries EK, tel.
+358 (0)9 4202 3241, e-mail: marcus.nybergh@ek.fi
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www.uponor.com
Uponor is a leading supplier of plumbing and indoor climate 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 heating and cooling solutions and
tap water systems. The Group employs ca 3,500 persons in 27 countries. In 2008,
Uponor's net sales totalled 950 million euros. Uponor Corporation is listed on
the NASDAQ OMX Helsinki Ltd., Finland. http://www.uponor.com