Glass Industry News

Glaston divests its pre-processing business in Mexico

, Glaston Corporation

Glaston Corporation, has signed an agreement to divest its pre-processing business in Mexico, to Italian Bavelloni S.p.A. The divested business’ net sales for January-September 2019 was approximately EUR 2 million and it has had a slightly positive EBITA impact.

The business has been part of the Glaston segment’s “Other” product area. The transaction does not affect Glaston’s guidance for the current year.

With the aim to focus on one of its core technologies, Heat Treatment, Glaston divested its pre-processing business in Italy in 2015. In 2016 the pre-processing businesses in USA and Canada were divested and in 2018 the Group’s Tools business in Italy was sold and the joint venture discontinued in China.

The remaining share of the pre-processing and tools businesses included in the “Other” product area will continue as is, as distribution agreements for Bavelloni’s pre-processing products and tools in Brazil and Singapore remain in force.

Glaston will continue its sales and services in Mexico through its units in Americas supported by Bavelloni Mexico regarding Heat treatment projects.

For further information:

Commercial inquiries: 
Artturi Mäki, SVP Services, phone +358 40 572 6070

Press and investor inquiries:
Joséphine Mickwitz, VP IR, Communications & Marketing, phone +358 500 5070

 

Glaston in brief
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.

As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 12 countries. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd.

, © Glaston Corporation

Il materiale informativo del sito è registrato ed appartiene all´azienda o ai terzi che lo hanno fornitoe tutti i diritti sono riservati. Qualsiasi utente che accede a tale materiale può farlo solo ad uso personale e ne è anche responsabile. Ridistribuzione o altro uso commerciale di tale materiale è espressamente proibito. Nel caso in cui il materiale sia stato ceduto da terzi, l´utente concorda di rispettare questi termini di utilizzo specificati. Glass Global non garantisce la veridicità o l´esattezza del contenuto di alcuna informazione o di siti web esterni menzionati nelle stesse.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2024

plants.glassglobal.com

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Profilo Aziendale



Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated container glass study 2024

X

Updated float glass study 2024

X

Further glass studies and reports 2024

X