Operations at Glaston's glass processing subsidiary in Akaa to cease

Date: 30 March 2010

Source: Glaston Corporation

Date: 30 March 2010

The solar energy glass manufacturing operations of Tamglass Glass Processing, a subsidiary of Glaston Corporation, will cease in Akaa, Finland, and the entire personnel, 15 persons, will be made redundant by the end of March.

The factory in Akaa has manufactured mirrors for solar energy production as a service activity on behalf of one customer. Tamglass Glass Processing's personnel has been temporarily laid off since October 2009.

The cessation of operations in Akaa does not affect Glaston Corporation's manufacturing and product development of products aimed at the manufacture of solar energy glass.

For further information, please contact: Timo Rautarinta, Managing Director, Tamglass Glass Processing, Phone +358 10 500 510

Glaston Corporation

Glaston Corporation is an international glass technology company. Glaston is the global market leader in glass processing machines, and a comprehensive One-Stop-Partner supplier to its customers. Its product range and service network are the widest in the industry. Glaston's well-known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines, and Albat+Wirsam in glass industry software.

Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Mid Cap List.

Distribution: OMX, media, www.glaston.net

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Glaston Corporation

2010-03-30T13:00:00

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