Tag Archives: Glaston

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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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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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 Strikes “Important” Follow-Up Order From Spain

Finland-based Glaston announced it has closed a deal valued at more than $4.5 million (EUR 4 million) for heat treatment and pre-processing lines with Spanish company Tvitec–Técnicas de Vidro Transformado S.L. The machines are booked in Glaston’s 2015 second-quarter order … 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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Show Floor Expands at Glass Expo West™ ’15 with Glaston America Inc.

Glaston America Inc. of Mount Laurel, N.J., is set to exhibit at the Glass Expo West™ ’15 show. The two-day architectural glass event will be held March 19-20, 2015 at the Hotel Irvine Jamboree Center in Irvine, Calif. Stop by … Continue reading

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Glaston Sees ‘Improved Profitability’ in 2014

Finland-based Glaston, a developer of glass processing technology, saw its net sales rise approximately 2 percent in 2014, totaling $137.9 (EUR 124.5) million. According to the company’s 2014 annual review, its net sales growth was slowed by the Ukrainian crisis … 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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