Uponor stops exports and imports to and from Russia and donates to UNICEF and the Red Cross

Uponor Corporation     Press Release     3 March 2022    at 16:35 EET

Uponor stops exports and imports to and from Russia and donates to UNICEF and the Red Cross

Uponor Corporation has decided to suspend all exports and imports to and from Russia until further notice due to the ongoing invasion of Ukraine. Uponor has a manufacturing facility and a sales office in Russia, employing around 90 people. In Ukraine, Uponor has 4 employees working in sales.

To support the families and children in Ukraine, Uponor has made a €100,000 donation split equally between UNICEF Finland and the Finnish Red Cross.

"We are focusing on the well-being of all our employees as best as we can”, says Michael Rauterkus, President and CEO of Uponor Corporation.

Uponor’s sales in Russia and Ukraine is below 2.5% of total Group revenue.

Uponor continues to actively monitor the situation and the development of sanctions and countersanctions, and to comply with all applicable laws, regulations and sanctions. 

Franciska Janzon
Senior Vice President, Communications & IR
Uponor Corporation
Tel. +358 40 192 1653

Uponor in brief
Uponor is rethinking water for future generations. Our offering, including safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure, enables a more sustainable living environment. We help our customers in residential and commercial construction, municipalities and utilities, as well as different industries to work faster and smarter. Uponor employs about 3,900 professionals in 26 countries in Europe and North America. In 2021, Uponor's net sales totalled approximately €1.3 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com