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Glaston Oyj Abp (GLA1V.HE)

GLA1V.HE on Helsinki Stock Exchange

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29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Glaston and tennis player Henri Kontinen agree cooperation
Monday, 6 Mar 2017 01:00am EST 

Glaston Oyj Abp :Entered into a cooperation agreement of at least a two years' duration with Finnish tennis player Henri Kontinen.  Full Article

Glaston negotiating sale of its pre-processing business in USA and Canada
Tuesday, 28 Feb 2017 02:30am EST 

Glaston Oyj Abp : Negotiations on sale of its pre-processing business in USA and Canada to italian company Bavelloni SpA . Negotiations will take place on Glaston continuing as a reseller in Mexico, Brazil and Singapore . Negotiations are expected to be completed by March 31, 2017 .Net sales of pre-processing business in USA and Canada were about 4.9 million euros ($5.18 million) in 2016.  Full Article

Glaston sells flat tempering line to Chile
Wednesday, 18 Jan 2017 08:00am EST 

Glaston Oyj Abp : Says sells flat tempering line to Chile . Order was booked in its Q4 2016 order book .Furnace will be delivered to Chile during summer 2017.  Full Article

Glaston Q3 net sales down at 20.5 million euros
Monday, 31 Oct 2016 07:00am EDT 

Glaston Oyj Abp : Q3 orders received 25.6 million euros ($28.03 million) versus 28.2 million euros year ago . Q3 operating profit 0.3 million euros versus 2.4 million euros year ago . Q3 net sales 20.5 million euros versus 34.3 million euros year ago .Expects 2016 net sales to be approximately 105-110 million euros and comparable operating profit to be approximately 2-4 euros million.  Full Article

Glaston concludes employer-employee consultation
Thursday, 29 Sep 2016 03:55am EDT 

Glaston Abp : Says operations in Finland will be reorganised, resulting in a maximum of four redundancies . Is also prepared for temporary lay-offs in spring 2017 .Personnel reductions will mostly be implemented immediately.  Full Article

Glaston planning efficiency measures in Finland
Tuesday, 9 Aug 2016 05:45am EDT 

Glaston Oyj Abp : Glaston will initiate consultations with personnel on the possible need for lay-offs and job reductions . The consultations will cover all Glaston personnel in Finland . The need for personnel redundancies is expected to be approximately 10 people, and the need for lay-offs to be less than 90 days . The possible lay-offs would be implemented during autumn 2016 and spring 2017 .The planned measures may also result in changes to employment terms, working tasks and organisational structure.  Full Article

Glaston appoints Päivi Lindqvist new CFO
Tuesday, 19 Jul 2016 07:00am EDT 

Glaston Oyj Abp : Päivi Lindqvist has been appointed Chief Financial Officer .Lindqvist to start as CFO as of Sept. 19, 2016.  Full Article

Glaston closes follow-up order from US at over EUR 2 million
Friday, 17 Jun 2016 04:15am EDT 

Glaston Oyj Abp : Receives FC1000 follow-up order from United States . Has closed deal valued at over 2 million euros ($2.3 million) with U.S based Cardinal Glass Industries for Glaston FC1000 tempering line . Order is booked in Glaston's Q2 2016 order book .Line is to be delivered during December 2016.  Full Article

Glaston closes deal with float glass expert
Wednesday, 11 May 2016 02:30am EDT 

Glaston Oyj Abp : Says is to close deal with float glass expert . Order is booked in Glaston's Q2 2016 order book and lines are delivered during last quarter of 2016 .Glaston corporation has closed a deal for advanced safety glass processing machinery valued at over 2 million euros ($2.28 million) with HORN Glass Industries AG.  Full Article

Glaston Oyj Abp CFO moves to another position within company
Thursday, 28 Apr 2016 06:45am EDT 

Glaston Oyj Abp:Sasu Koivumäki, Glaston's Chief Financial Officer and member of executive management group, has been appointed SVP, Machines as of 1 July 2016.Recruitment process for a new Chief Financial Officer has been launched.Koivumäki will handle duties of Chief Financial Officer until a new individual starts work in position.  Full Article

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