Glaston Completes Sale of Albat+Wirsam to Constellation Software
Helsinki, Finland-based Glaston Corp. has closed the previously announced sale of its shares in Albat+Wirsam Software GmbH (A+W) to Constellation Software Inc., acting through its Friedman Operating...
View ArticleGlaston Corp. Works to Strengthen Balance Sheet, Financial Position
Glaston Corp. has announced that it is working to strengthen its balance sheet and financial position through a number of activities, including the recent sale of its Software Solutions Business Area,...
View ArticleIssuance of Glaston Shares Authorized
Glaston Corp.’s Extraordinary General Meeting was held this week, and during the meeting the company’s board of directors was authorized “to resolve on one or more issuance of shares.” According to an...
View ArticleGlaston to Sell Tampere, Finland, Factory
Glaston Corp. has signed a letter of intent to sell and lease back its factory property complex located in Tampere, Finland. The company plans to sell the property to real estate group Tampereen Mummu...
View ArticleChina Government Agency Rules in Favor of LandGlass in Glaston Case
China’s Patent Reexamination Board, based in Beijing, has ruled in favor of China-based LandGlass Inc. in a patent infringement case filed by Glaston, according to information from both Glaston and...
View ArticleGPD 2013 Approaches
This year’s Glass Processing Days (GPD) in Tampere, Finland, June 13-15, will focus on glass architecture and the environmental impact of buildings. The conference will feature around 180 presentations...
View ArticleCHINA – Glaston Closes Major Deal in China
Glaston announced it has closed a EUR 3.4 million (approximately $4.4 million USD) deal with Jin Jing Group of China, a company with which Glaston says it has a long-term customer relationship....
View ArticleGlaston Receives Large Order From China
Glaston has closed a deal worth approximately EUR 2.2 million (nearly 3 million U.S. dollars) with the Chinese company Xianning CSG Glass Co., Ltd. for two flat tempering furnaces: Glaston CHF™ and...
View ArticleGlaston Releases Second Quarter Financial Figures
Glaston reported net half-year sales totaling EUR 60.1 million (more than 80 million USD), according to company financial figures released Thursday. The numbers were slightly higher than the previous...
View ArticleGlaston Releases Revised Strategy and Financial Targets
Glaston has updated its strategic guidelines and financial targets for the 2013 – 2016 period. The company’s goal is to deliver profitable growth through innovation and technology leadership in...
View ArticleGlaston Closes Machinery Deal in the United States
Glaston Corp. announced that it has closed deals for glass processing machinery worth more than $7.3 million with Cardinal Glass Industries. The first flat tempering line will be delivered by the end...
View ArticleGlaston Closes Deal in Spain
Glaston has closed a more than $4 million (USD) deal for a heat treatment line with the Spanish company Tvitec – Técnicas de Vidro Transformado S.L. The line will be delivered to the customer in the...
View ArticleGlaston Releases January-September 2013 Interim Report
Glaston has issued its interim report for the period of January 1 to September 30, 2013, and reports that orders received during this period totaled $122.3 million (U.S. dollars) (90.0 million Euros)....
View ArticleGlaston Signs Framework Cooperation Agreement with Chinese Jinjing Group
Glaston has signed a framework cooperation agreement with the Chinese Jinjing Group. The parties have agreed on a long-term, strategic partnership within the business fields of offline tempering,...
View ArticleLiettyä Appointed Senior Vice President of Glaston’s Machines Business Area
Juha Liettyä has been appointed senior vice president for the company’s machines business area, effective January 1. Liettyä currently heads the machines business area’s heat treatment product line....
View ArticleGlaston Obtains Large Order from Taiwan
Glaston has closed a $2.6 million (1.9 million Euros) deal for a heat treatment line and several pre-processing machines with the Taiwanese company G-TECH Optoelectronics Corp. The machines were...
View ArticleGlaston Closes Deal in China
Glaston has closed a $2.5 million USD (1.8 million Euros) deal with CSG Group for a double-chamber furnace FC500™+ RC350™ 2460-380 equipped with the Vortex Pro™ convection control system. The line will...
View ArticleGlaston Issues 2013 Financial Report
Helsinki, Finland-based Glaston has released its financial details for 2013, with orders for the year totaling $167.6 million USD (123.3 million Euros). Orders received in the fourth quarter totaled...
View ArticleGlaston Makes Executive Changes
Helsinki, Finland-based Glaston Corp. has announced several changes to its executive management group. Among these, Roberto Quintero, senior vice president of the pre-processing product line of the...
View ArticleGlaston Holds Annual General Meeting
Glaston Corp. held its annual general meeting on April 2 in Helsinki. During the meeting, the company adopted the financial statements and consolidated financial statements for the financial period...
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