Tag Archives: Glaston Corp.

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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Glaston’s Metsanen to Temporarily Transfer to Asia






Glaston Corp. announced its president and CEO Arto Metsänen will transfer to Asia for the next year and a half to promote the company’s growth in in the region—particularly in the areas surrounding China—as well as its development projects in … Continue reading




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Glaston Extends Rental Agreements for Bregnano Factory






Finland-based Glaston Corp. announced that its rental agreements for the production plant and tools factory in Bregnano, Italy, will end in several phases during 2015. The company has decided to extend the lease and last week signed new rental agreements for … Continue reading




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Glaston Announces Nomination Board






Finland-based Glaston Corp. announced its nomination board. According to the company, its nomination board consists of the four largest shareholders registered in Glaston’s shareholders’ register as of the first working day in September in the year concerned. Also included is … Continue reading




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