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Glaston Corporation, the glass processing industry’s innovative technology leader, has today published its first quarter 2020 results.
Due to the significant deterioration in the global financial situation following the coronavirus Glaston Corporation’s Board of Directors has today in its meeting decided to amend the capital repayment proposal.
Orders received were stable and net sales grew, comparable EBITA for 2020 estimated to decline from 2019.
Glaston Group has closed a deal for two B’VARIO TPS® insulating glass lines to French window manufacturer TRYBA®.
Good profitability development in fourth quarter ends historic year
![Glaston wins order for fast TPS[®] insulating glass line from VELUX](/sites/default/files/styles/6/public/news/2020/tps-unit-corner-edge-seal_0.jpg?itok=uWB12i2R "Glaston wins order for fast TPS[®] insulating glass line from VELUX")
Glaston Group has received an order for a high-speed TPS® insulating glass line from one of the world's largest manufacturers of roof windows, VELUX.
Glaston’s roots extend back to 1870, when the company Hammarén & Comp was established at the Kyröskoski rapids.
In order to better reflect its business dynamics and market drivers, Glaston has made changes to the Group structure.
Partnership between Bystronic glass and HEGLA terminated in mutual agreement.
Glaston Group has closed a deal for several pre-processing machines with Chinese Xinyi Glass Holdings Limited, one of the biggest glass companies in China covering float glass, solar glass, coated glass and automotive glass.
The 17th International Glass Products, Glass Manufacturing, Processing & Materials Exhibition take place at Halls 5 & 6 Indonesia Convention Exhibition (ICE), Jakarta from 12 - 14 November 2019.
The 2700 mm vertical LineScanner is used to control the glass quality of individual glass lites on a Bystronic insulating glass plant.
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Best Machinery Company accolade was awarded to Bystronic glass HEGLA partnership in this year’s #NFA19 independent glass awards.
TECNO GLASS took part in the Milan Fair, again this year, to show the public its machines for the production of flat glass, entirely designed and manufactured from TECNO GLASS Engineering Department.
Glaston initiates co-operation negotiations in its Finnish units due to weakening demand in heat treatment equipment - outlook for 2019 remains unchanged.