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The Board of Directors of Kyro Corporation has approved a new share-based incentive plan for the Kyro Group's (Glaston Corporation as of 1 June 2007) key personnel.
Kaj Appelberg, Glaston’s Head of Global Sales and acting Managing Director of Bavelloni has left the Kyro Group with immediate effect.
There has been a significant appointment in the management of Glaston, part of the Kyro Group. Paolo Ceni, 46, has been appointed Managing Director of Bavelloni, manufacturer of glass and stone pre-processing machines and tools, as of June 2007.
Kyro's main business area, Glaston Technologies, makes efficiency improvements in its Brazilian operations by merging the local Tamglass and Bavelloni machine factories.
A new Managing Director has been appointed for Uniglass Engineering, a Kyro subsidiary belonging to its Glaston Technologies business area.
At the Annual General Meeting to be held on 13 March 2007, Kyro Corporation's Board of Directors will propose to its shareholders that the Group's name be changed to Glaston Corporation (Glaston Oyj Abp).
The Kyro Group strengthens its management by appointing MSc (Econ.) Kimmo Lautanen, 47, as a new Group CFO. Lautanen's most recent CFO position was with brewery Oy Hartwall Ab for three years.
- Group net sales EUR 268.9 (266.7) million - Comparable operating profit EUR 22.0 (23.0) million - Comparable profit before taxes EUR 22.3 (21.9) million - Profit after taxes EUR 12.1 (22.4) million, earnings per share EUR 0.15 (0.28) - Glaston’s…
A significant appointment has been made in the Kyro Group. MSc (Pol) Ari Himma, 47, has been appointed the Group’s Human Resources Director.
Kyro’s main business area, Glaston Technologies, strengthens its production of glass pre-processing tools in China.
Managing Director Paolo Sandri of Bavelloni, part of Kyro’s main business area, Glaston Technologies, is leaving the company for private reasons.
Glaston Technologies’ Tamglass again presents new and major flat tempering innovation at the top industry event of the year, Glasstec 2006.
Hot Melt Technologies introduced the Benchmark 615 Hot Melt system that can be used with high-viscosity butyls, sealants and mastics for insulating glass window manufacturing, fabrication of door lites and solar panels, and sealing of metal roof…
Mika Seitovirta, who has previously worked in the automotive and drinks industries, takes over as Kyro’s President and CEO on 1 January 2007.
The Glass Processing Group, which belongs to Kyro's main business area, Glaston Technologies, will be consolidated into one company.
Kyro Corporation corrects its 2007 financial communications schedule announced on 5 September 2006. The correct publishing date of the Interim Report January-June is 16 August 2007.
Glaston Technologies, part of Kyro Corporation, has closed a total of 27.8 million euros worth of new machine deals. The orders were received in the international Glasstec 2006 exhibition in Düsseldorf on 24-28 October.
Kyro Group is going to have a new CEO. MSc (Econ) Mika Seitovirta, 44, will start as the Group President & CEO in the beginning of 2007.
Glaston Technologies' Tamglass again presents new and major flat tempering innovation at the top industry event of the year, Glasstec 2006.
Tamglass and Bavelloni, the Glaston Technologies companies, have enhanced their customer service with a joint website: www.glaston.net, supporting the One-Stop-Partner concept.
The latest monthly order intake record is 27.2 million euros in December 2005. The Glass Machinery Group received 17.2 million euros worth of safety glass machine orders.
Glass processing is easier than ever before. Ease of operation, high yield, evenly high quality and flexibility are all features that glass processors are looking for.
The London Royal Courts of Justice has ruled in favour of Tamglass in the patent suit against the Chinese glass processing manufacturer Luoyang North Glass and its customer Novaglaze of UK.
According to Kyro Groups financial statements for 2005, its main business area Glaston Technologies grew at threefold speed of its markets last year.
Finnish Glassrobots and Tamglass that operate in the Tampere area, in Finland, are competing in glass production lines. In November 2005, Tamglass announced its record-fast flat tempering furnace (Sonic), and now Glassrobots has broken this record…