Vatnsvirkinn is a leading supplier of plumbing, construction, and industrial materials and tools in Iceland, founded in 1954 and privately owned. It imports pipes, fittings, and equipment from global brands for sale to professionals through its one-stop shop warehouse in Kopavogur. Vatnsvirkinn employs 10 staff and was recognized for the third year in a row in 2017 as one of Iceland's strongest companies based on its profitability, assets, and equity ratio.
2. Company Overview
Vatnsvirkinn is a leading professional plumbing, building and construction materials,
tools and equipment supplier in Iceland.
Founded in 1954 the company is privately held by Gudni Vilberg Baldursson and Hjalti
Mar Bjarnason that work in the companies day to day operations.
Our main market segment is :
• Water supply ( hot and cold )
• Wastewater
• District heating
• Floor heating
• Tools & equipment for plumbers
3. Company Operations
Vatnsvirkinn imports pipes, fittings and service products for professionals that service
end customers and the company deals directly with majority of the brands that the
company carries.
We work with many high quality companies around the world who share our ambitions
and to provide great products and high level service to professionals.
We employ 10 highly experienced professionals that consult and service our growing
group of customers.
Our warehouse and store which is a one stop shop for professional plumbers,
industrial companies, power plants and the fishing industry for materials and tools is
located at Smidjuvegur 11, 200 Kopavogur, Iceland.
4. A trusted local supplier
Vatnsvirkinn, for the third year in a row
received a recognition from an Icelandic
credit score company, CreditInfo, in early
2017 as one of the strongest companies in
Iceland.
The certification is given to only 1,7% of
companies and takes multiple conditions into
account such as profitability, total assets and
equity ratio.
Certification such as this is widely recognized
in countries around the world, but in larger
economies the conditions for the awards are
not as strict as those in Iceland.
Further information are available here:
https://www.creditinfo.is/english/strongest-in-iceland.aspx
5. • Iceland is a modern European economy with strong economic foundations in fisheries, natural renewable
energy sources and human capital that will allow Iceland to overcome the economic difficulties it is going
through, like so many other countries around the world.
• Iceland's population is around 325.000 of which the vast majority or around 2/3 lives in the capital,
Reykjavik, and surrounding areas.
• Iceland is a republic, has a written constitution and a parliamentary form of government. The president is
elected by direct popular vote for a term of four years, with no term limit. Most executive power rests with
the Government, which is elected separately from the presidential elections every four years.
• Iceland was the last European country to be settled, mostly by Norsemen in the 9th and 10th centuries.
They came mainly from Norway and elsewhere in Scandinavia.
• In environmental terms, Iceland is unique. Iceland is a large country (103,000 km², about the same surface
area as Ireland or the State of Virginia), but is sparsely populated, with only 3 persons per km² living mostly
along the coast. The interior of the country contains stunning contrasts. It is largely an arctic desert,
punctuated with mountains, glaciers, volcanoes and waterfalls. Most of the vegetation and agricultural
areas are in the lowlands close to the coastline.
About Iceland
