KWH Invest consists of a business unit, Prevex, shareholdings in associates and administration of industrial premises, which are leased to external partners on long leases.
Prevex celebrated its 60th anniversary in 2015. The modest start in the 1950s laid a firm foundation for a company that now supplies 3.4 million complete siphon systems for sink units and wash hand basins every year.
Prevex produces the world’s most effective and space-saving siphons. Prevex siphons come pre-assembled, and offer a variety of installation options thanks to their telescopic design. The product design process combines the customers’ requirements with costeffective production methods. This creates effective products offering real value for money, a combination that the market appreciates.
ENCHANCED SALES ORGANISATION
THE IDEAL SIPHON SOLUTION – EASYCLEAN
EW PRODUCTION LINE AND EXPANSION OF OFFICE
|KWH Invest, Prevex||2015||2014||2013||2012||2011|
|Turnover, EUR million||21,0||21,4||16,5||18,8||18,5|
|Exports and foreign operations, %||85||85||80||80||80|
|Share of group turnover, %||5||5||5||6||3|
|Investments, EUR million||4,6||1,5||1,1||1,3||1,3|
UPONOR INFRA LTD
On 1 July 2013, Uponor Infra Ltd started operations, with the merger of the infrastructure solution business units of the KWH Group and Uponor. Uponor Corporation is Uponor Infra Ltd’s majority shareholder (55.3%), and Uponor Infra Ltd is consolidated in Uponor Corporation as the Infrastructure segment.
The KWH Group owns 44.7% of the shares. During 2013–2015, the Company went through a major restructuring process with the aim of generating significant synergy and integration effects. The anticipated goals were reached.
The general economic situation has affected demand on Uponor Infra’s most important markets. The climate is not expected to change markedly in the immediate future. Overall demand in the main markets is expected to be stable.
The Company’s turnover amounted to EUR 312.0 (351.3) million. During 2015, the operation in Thailand and Extron Ltd in Toijala were sold. Profitability showed some improvement over the preceding year’s level, but remains unsatisfactory.