News
11 May 2023

As a part of its strategy acceleration programme, Accelerate PG, and in response to overcapacity in the panel radiator market, Purmo Group is assessing its manufacturing footprint and operational efficiency. As a result, it has entered into consultation with employee representatives regarding its intention to discontinue the production of panel radiators at its plant in Zonhoven, Belgium. The possible consequences could be the closure of the production and maintenance departments and a collective redundancy. The process is subject to local consultation.

The announced intention concerns 143 employees. Purmo Group Belgium employs 227 people in the manufacture of steel panel radiators, warehousing and distribution as well as in customer service, sales and support functions. 

“The launch of the consultation process in Zonhoven is a response due to overcapacity in the steel panel radiator market as well as due to the changing customer demand for alternative solutions, such as low-temperature systems. A low utilisation rate and high production costs have impacted the profitability of the plant negatively. Unfortunately, for these reasons we are launching the consultation process on the intention of discontinuing the production of steel panel radiators at the plant.” comments Erik Hedin, Chief Operational Officer of Purmo Group Plc.

For further information:

Justin Roux

Head of Global Communications

Tel. +44 771 742 28 93

 

About Purmo Group

Purmo Group is at the centre of the global sustainability journey, offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. We provide complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our 3,300 employees operate in 24 countries, manufacturing and distributing top quality products and solutions to our customers in more than 100 countries. Purmo Group’s shares are listed on Nasdaq Helsinki with the ticker symbol PURMO. More information: www.purmogroup.com.