UPB Management meeting decides on Holding’s development plans. An active kick-off by the new Board
The annual UPB Management meeting taking place on 20 February discussed Holding’s further development steps. Considering the trends in the Baltic construction market, the geopolitical risks and opportunities were assessed. The meeting decided to strengthen and improve the Holding’s construction resource by promoting its capacity to implement even bigger and technologically more complicated projects.
UPB will continue promoting company’s development by investing EUR 4 million in production machines, information technologies and software, as well as renovation of building and fleet in 2015. Taking into account the success of the new Holding’s business direction — mechanical engineering — in the international markets, backing of this direction will continue.
Great Britain has been identified as one of the priority export markets of the Holding, as the wood-aluminium glazed structures produced by UPB are getting more and more popular there. UPB capital company in Great Britain was registered in March 2014 and several facade projects have already been implemented here so far.
Parallel to the growth of business directions and markets, UPB will continue also the development of new products, based on the synergy between various Holding’s groups. One of the most successful mechanical engineering synergy products last year was the motorised facade elements developed by AILE Grupa and RK Metals.
UPB Management meeting takes place for 12 years already. Its aim is to gather the heads of Holding’s groups and departments to share their experiences and agree on the shared Holding’s development plans.