Page 3 - KWH Group – Annual Review 2016

CONTENTSKWH – The Knowledge Company 3 Group President’s Review 4 KWH at a Glance 6 Years of Stable Development 8 Mirka 10 KWH Logistics 18 KWH Invest 30 Consolidated Income Statement 38 Consolidated Balance Sheet 39 Board of Directors 40 Group Management, Auditors 42 Addresses 44vThe KWH Group is a company that has its roots both in the 1920s and the 1930s. The Group was established in 1984 when Oy Keppo Ab bought the remaining 50% of shares in Oy Wiik & Höglund Ab from the Wiik family. This was a logical development. Keppo had, in 1981, acquired 50% of the company from the Höglund family. Emil Höglund had been one of the founders of both companies and, therefore, there was a strong sense of community at management level between the companies, despite different business directions.The major restructuring into an international industrial group in the technical chemical industry was mostly complete in 1992.Major structural changes were made in the Group in that KWH Pipe and Uponor’s infrastructure activities were merged in 2013. The new company, Uponor Infra Ltd, is consolidated in Uponor Corporation. The KWH Group owns 44.7% of the shares.1