Volume 41, Issue 4 - April 2006

FinancialFlash

2005: A Great Year for Glaston Technologies

According to Kyro Groupís financial statements for 2005, its main business area, Glaston Technologies, grew thrice the speed of its markets last year.

Glaston Technologies (which includes Tamglass and Z. Bavelloni) increased its total net sales by 18 percent from approximately $242 million USD to approximately $285 million USD. Its operating profit grew by approximately 21 percent from the previous year.

The company also reported that it grew its market shares; Tamglass and Bavelloni merged their sales organizations in the beginning of 2005.

According to the company, demand for Glaston Technologiesí safety glass machines has risen. Pre-processing machines also sold well. 

Glaston Technologies also further developed its One-Stop-Parnter concept, a comprehensive product and service offering in the industry. The most significant launch was a line jointly developed by Tamglass and Bavelloni for pre-processing and tempering of large architectural glasses as well as small appliance and window glass. The line consists of what the company calls the worldís fastest flat tempering machine, the Tamglass Sonic, and Bavelloniís automatic, integrated pre-processing line.

Glaston Technologiesí after sales services grew nearly 20 percent and three new offices were opened during the year. Sales of tools for glass and stone pre-processing also grew, particularly through the launch of a new series of polishing tools. To develop its tool business, Kyro incorporated Bavelloniís tool division at the beginning of 2006.

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