Uponor Corporation was invited to New York City today to close trading at the Nasdaq stock market in Times Square. This closing-bell ceremony commemorated the 100th anniversary of Uponor.
“Uponor’s global growth has been fueled by the construction industry’s demand for plastic piping solutions – and the safe, sustainable and efficient heating, cooling and plumbing solutions they create,” said Luomakoski. “We are confident that our focus on growing strategic partnerships, investing in technology, and expanding for the future have positioned us well to remain the industry leader for the next 100 years.”
On August 13, 1918, Aukusti Asko-Avonius signed the papers to establish a carpentry workshop in Lahti, Finland, marking the humble beginnings of the Uponor story.
In the late 1960s, the company became the first to market with crosslinked polyethylene (PEX) piping for under-floor radiant heating and, eventually, plumbing and fire sprinkler applications. Uponor began marketing PEX piping in North America in 1984 and commenced manufacturing operations in Apple Valley, Minnesota in 1990.
Expanded 10 times over the past three decades, the North American headquarters production facility was honored with the Minnesota Manufacturers Alliance Manufacturer of the Year Award in both 2013 and 2018. In May, Uponor North America opened a second manufacturing facility, in Hutchinson, Minnesota.