Page 39 - KWH Group – Annual Review 2016

UPONOR INFRAOn 1 July 2013, Uponor Infra Oy began trad- ing, with the merger of the infrastructure solution business units of the KWH Group and Uponor. Uponor is Uponor Infra Oy’s majority shareholder (55.3%), and Uponor Infra Oy is consolidated in Uponor Abp as the Infrastructure segment. The KWH Group owns 44.7% of the shares.During 2013–2016, the Company went through a major restructuring process with the aim of generating signi cant synergy and integration effects. The anticipated goals were reached.The general economic situation has af- fected demand on Uponor Infra’s most im- portant markets. The climate is not expected to change markedly in the immediate future. Overall demand in the main markets is ex- pected to be stable.The Company’s sales amounted to EUR 287.9 (312.0) million. During 2016, pipe production in Finland was concentrated in the main fac- tory at Nastola. Pro tability improved com- pared to the previous year, but was still un- satisfactory.37v