Tag Archives: Glaston

Glaston’s Sales up in 2015, Entering 2016 with Caution

A fast start to the year helped Glaston finish 2015 with a 12-percent increase in net sales from 2014. Net sales totaled $140 (EUR 123.4) million, with the machines and services business areas both showing increased their net sales, particularly in … Continue reading

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Glaston Proposes Board Remuneration

Glaston Corp.’s nomination board has proposed that the remuneration of its board of directors members remain unchanged. The nomination board proposed to the annual general meeting, which will be held April 5, that the annual remuneration of board members be … Continue reading

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Glaston Makes New Appointment

Artturi Mäki was appointed senior vice president of Glaston’s services business area and member of the executive management group. He previously served as director of Valmet’s roll maintenance technology unit. He will report to president and CEO Arto Metsänen. “Glaston … Continue reading

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Glaston Invests in Smart Glass Production

Finland-based Glaston Corp. has invested in a California-based nanotechnology company that develops glass technology solutions. According to a release, Glaston will acquire 12 percent of the unnamed company’s shares and will serve as its preferred equipment partner. Glaston has also … Continue reading

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Glaston Sells Three FC500 Furnaces to Trulite

Glaston Corp. closed a deal with U.S.-based Trulite Glass & Aluminum Solutions for three FC500 tempering furnaces. The order is split between the 2015 third- and fourth-quarter order books. The machines will be delivered during the first and second quarters … Continue reading

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Glaston’s Sales up in Third Quarter

Glaston Corp. has seen growth in net sales and improved profitability through the first three quarters of 2015, according to the company’s interim report. In the third quarter, from July-September, the company received $31.2 million* (EUR 28.2 million) in orders, … Continue reading

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Glaston Sells Pair of Furnaces to Chinese Company

Finland-based Glaston Corp. announced it has received a “significant” order from Chinese company Yunnan Diankai Energy Saving Science & Technology Co. Ltd. for two Glaston CCS1000 double-chamber glass tempering furnaces. The deal is worth approximately $2.67 million (EUR 2.4 million), … Continue reading

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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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Bavelloni Family Clarifies Relationship with Bavelloni SpA

Glaston Group recently announced it has ceded the preprocessing machines division of Glaston Italy to the company’s Italian managers. Glaston Italy has since been renamed “Bavelloni SpA.” That, according to the Bavelloni family, has led to some confusion regarding its … Continue reading

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