Wavin: smartFIX push-fit system received good market acceptance
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The Hot & Cold segment (pipes, fittings and manifolds that supply hot and cold tap water, radiator connections as well as surface heating and cooling) delivered continued profitable growth, with revenue increasing by 16.2% to EUR 312.4 million. This key growth segment now makes up almost one fifth of Wavin’s total revenue, benefiting from the steadily increasing awareness among the building community of the substantially lower installed costs of plastic systems versus traditional materials. The innovative smartFIX push-fit system received good market acceptance. It has been launched in Germany, Italy, the Netherlands and the Baltic states. More: KWD-globalpipe, 2008-03-04, No.272.