Finland-based Glaston Corp. has established new strategic priorities and financial targets for the 2016–2018 period.
The company expects a growing demand for architectural glass will support its aim to “further strengthen its position and competitiveness in the [flat glass tempering] market as well as in new machine sales and services,” according to a release from the company.
“To support its core business, Glaston will seek growth opportunities not only in flat tempering technology but also in other safety glass groups, such as bending, tempering-bending and laminating,” the release reads. “Innovative glass technologies and [digitalization] will bring significant new business opportunities to Glaston. An increased installed machine base creates the foundation for growth in services.”
Glaston expects the glass machine market to grow at around 3 to 5 percent per year up to 2018.
Its financial objectives for that period include annual growth of net sales exceeding market growth, operating profit margin above 8 percent—excluding non-recurring items—at the end of the period, and a return on capital employed of more than 20 percent at the end of the period.