Automotive glass machinery orders worth EUR 11 million

Date: 21 May 2002
Source: Hugin Online

Date: 21 May 2002

Tamglass Ltd, part of the Kyro Group, received orders for automotive glass machinery at a combined value of EUR 11 million during May.

As a result, the order book for automotive glass machinery was at a record high in May.

Tamglass will deliver nearly all the equipment for a Russian automotive glass machinery factory, as well as individual automotive glass machines mainly to European customers. The orders will be delivered during this year.

In addition to delivering machinery to the automotive glass factory, Tamglass will also be responsible for factory layout design. The delivery will also include installation and maintenance services. The other deliveries include mainly tempering lines for automotive glass.

The uncertainty in the world markets during 2001 affected Tamglass's business operations mainly regarding the demand for automotive glass machinery. However, this demand picked up towards the end of the year and has continued good during the year under review.

Tamglass, which is part of the safety glass technology business area of the Kyro Group, is the technology and market leader for safety glass machinery. Tamglass has a total of 16 sales, production and maintenance service units, and it has delivered a total of over 1,400 safety glass production lines to approximately 70 countries.

600450 Automotive glass machinery orders worth EUR 11 million glassonweb.com

See more news about:

Others also read

MORE...

Apogee Q3 results up on architectural glass activities
Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
PPG Names Wulfsohn to European Post
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic acquires Armatec Vierhaus GmbH
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Pilkington: New home for butterflies
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Owens-Brockway Glass Container Closes on Sale of Additional $175 Million Principal of 8-3/4% Senior Secured Notes
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
Southwall Names Michael E. Seifert as Sr. Vice President and Chief Financial Officer
Southwall Technologies Inc. (NASDAQ: SWTX), a global developer, manufacturer and marketer of thin-film coatings for the automotive glass, electronic display and architectural markets, has named Michael E.

Add new comment