Uponor participates today in GF's Flow Solutions Day 2023: New combined businesses for sustainable and profitable growth
Uponor Corporation, Press release, 16 November 2023 at 8.05 a.m. EET
Uponor participates today in GF’s Flow Solutions Day 2023: New combined businesses for sustainable and profitable growth
THIS COMMUNICATION IS NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, SECURITIES IN ANY JURISDICTION IN WHICH IS UNLAWFUL TO DO SO.
GF will host its first Flow Solutions Day for investors, analysts and media, today on 16 November at 1.30 p.m. CET in Schaffhausen (Switzerland). During the event, GF's CEO Andreas Müller and members of top management, including Uponor's President and CEO Michael Rauterkus, will provide additional insights on how GF will create value in the water and flow solutions business. GF will also introduce its planned new division, GF Uponor, as well as a reshaped GF Piping Systems. A deep dive into concrete growth stories will highlight the combined, enhanced applications for Building Technology, Industry and Utility segments, bringing added value to customers, shareholders and employees.
As earlier announced on 13 November, GF will combine the Industry and Utility segment at GF Piping Systems, whereas the Building Technology business will be consolidated into the new division GF Uponor. The highly complementary businesses will allow to unleash the full potential of the two divisions, both well positioned for sustainable and profitable growth and benefitting from global megatrends. These organizational changes will be implemented during the course of 2024 after GF has obtained full ownership of Uponor.
GF Piping Systems will present solutions for the semiconductor industry and its increasing demand for high-quality water, as well as automated flow control for cost-efficient chemical processes. In addition, the division showcases its applications to solve the issue of water scarcity in urban infrastructures, which usually requires extensive network rehabilitation and performance improvements.
The new division GF Uponor will provide a deep dive into energy-efficient heating and cooling solutions in buildings, which faces growing long-term demand due to global warming. Water hygiene issues in buildings are one of the most underestimated challenges; GF Uponor will show a combined, intelligent water flow systems, which allows the supply of safe and clean drinking water at every point of use.
"Efficient and sustainable solutions are of utmost importance for our customers", GF CEO Andreas Müller said. "Our strengthened product portfolio enhanced by Uponor solutions but also a larger global presence and our combined innovation power will offer us many new opportunities to address these customer needs. We are excited to show how the excellent complementarity of GF Piping Systems and GF Uponor will bring added value to our customers, shareholders and other stakeholders."
Details of the Flow Solutions Day
The Flow Solutions Day for investors, analysts and media, will start today 16 November 2023 at 1:30 p.m. CET. To join the event online please use the following link. https://media.choruscall.eu/mediaframe/webcast.html?webcastid=4StaWT5R.
The presentation from the event is available on the GF website/press kits for download.
Photos of the event will be available in the GF image database from around 5:00 pm CET.
For further information, please contact
Media Enquiries GF
Beat Römer, Head Corporate Communications
+41 (0) 79 290 04 00, email@example.com
Media contacts GF in Finland
Niko Vartiainen, Principal Consultant, Tekir Ltd
firstname.lastname@example.org, +358 (0) 50 529 4299
Investor Relations GF
Nadine Gruber, Head Investor Relations
+41 (0) 79 698 14 87, email@example.com
Investor Relations/Media Uponor
Franciska Janzon, Senior Vice President, Corporate Communications/IR
+358 (0) 20 129 2821, firstname.lastname@example.org
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As of 13 November 2023, GF has four divisions: GF Piping Systems, GF Uponor, GF Casting Solutions, and GF Machining Solutions. As a Group, GF offers products and solutions that enable the safe transport of liquids and gases, as well as lightweight casting components and high-precision manufacturing technologies. As a sustainability and innovation leader, GF strives to achieve profitable growth while offering superior value to its customers for more than 200 years. Founded in 1802, the Corporation is headquartered in Switzerland and as of the end of 2022, it was present in 34 countries with 138 companies, 60 of which are production companies with 83 facilities. GF’s 15’207 employees worldwide generated sales of CHF 3’998 million in 2022.
Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. We help customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency. Our safe drinking water, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions are sold in more than 80 countries. Uponor employs about 3,600 professionals in 26 countries in Europe and North America. In 2022, the company’s net sales totalled approximately €1.4 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. Uponor is part of the Georg Fischer group, located in Schaffhausen (Switzerland). www.uponorgroup.com