Tag Archives: Glaston Corp.

Glaston Reports Nearly $50 Million in First-Half Sales

Finland-based Glaston Corp. reported its orders received in the first half of 2015 totaled $49.5 million (EUR 55 million), with $25.8 million (EUR 32.5 million) coming in the second quarter. The company revised its business outlook for 2015 as a … Continue reading

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Glaston to Publish Interim Report in August

Glaston Corp. is set to publish its January-June 2015 interim report on August 6, the company announced. The company will also hold an analysis and press conference on the same day from its Helsinki office. The report, which will be … Continue reading

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Glaston Closes Sale of Pre-Processing Machines Business

Glaston Corp. has closed the sale of 100 percent of the shares of Glaston Italy S.p.A. to its local management, as announced in May. Glaston acquired the Italian company Z. Bavelloni Immobiliare S.p.A. in 2003. The assessments of the impact … Continue reading

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Are You Prepared to Fail? GPD Presenter Says Failure is Good

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In Silicon Valley, the culture is to fail. With rapidly evolving technology and innovations, perhaps this is a mindset that the glass industry, too, should consider. “Let’s fail together,” suggested architect Kai-Uwe Bergman, partner with the firm BIG, today during … Continue reading

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Glaston Closes Machinery Deal in Poland

Glaston Corp. has closed a deal with European glass processor Press Glass SA for machinery valued at $2.74 million (EUR 2.4 million). The order, according to Glaston, is booked in the second quarter of its fiscal year. The deal includes … Continue reading

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Glaston Agrees to Long-Term Financing

Finland-based Glaston Corp. has signed a new long-term financing agreement, which consists of an $11.4 million (EUR 10 million) long-term loan and a $25.1 million (EUR 22 million) revolving credit facility, which can be used for short-term financing and guarantees, … Continue reading

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Glaston Sells Tempering Line to Kuwait Company

Glaston Corp. has closed a deal worth $2.92 million (EUR 2.6 million) with Kuwait-based Amjad Scientific. The transaction includes the Glaston FC500 tempering line and the ProL laminating line, as well as pre-processing machines. The machines will be delivered during the … Continue reading

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Glaston Sells Pre-Processing Machines Business; Continues as Distributor

Finland-based Glaston Corp. announced today it has signed an agreement to sell 100 percent of the shares of Glaston Italy S.p.A to the subsidiary’s local management. “Glaston has a clear strategy and direction, which is sustainable and profitable growth,” says … Continue reading

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First Quarter Proves “Strong” for Glaston

Glaston Corp., a developer of glass processing machinery and services, announced its net sales increased nearly 28 percent in the first quarter of 2015. According to the company, orders received from January to March totaled $28.2 (EUR 25.8) million, and its … Continue reading

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Hytti Joins Glaston’s Executive Management Group

Glaston Corp. has appointed Pekka Hytti, senior vice president, EMEA, as a member of its executive management group. The appointment, effective today, “supports the company in achieving its strategic targets that are profitable growth and the industry’s best customer experience,” … Continue reading

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