Glaston Oyj Abp
HEL:GLA1V ISIN:FI0009010219
News
Glaston Oyj Abp (HEL:GLA1V) Press release 15 September, 2008
Glaston Oyj Abp (HEL:GLA1V) GLASTON CORPORATION Stock Exchange Release 10 September 2008 at 10:45 a.m. Co-operation negotiations concerning Glaston's glass processing unit ended
Glaston Oyj Abp (HEL:GLA1V) Glaston Corporation Stock Exchange Announcement August 14, 2008 at 2.30 p.m.
Glaston Oyj Abp (HEL:GLA1V) GLASTON CORPORATION Stock Exchange Release 14 August 2008 02.00 p.m.
Glaston Oyj Abp (HEL:GLA1V) Glaston Corporation will publish its January-June 2008 Interim Report on Thursday, August 14, 2008 at 2 p.m. The interim report will be available after publishing on the Company's internet pages at www.glaston.net.
Glaston Oyj Abp As part of its recovery programme, Glaston Corporation's subsidiary Tamglass Glass Processing is restructuring its activities. A proposal for the ensuing co-operation negotiations has been issued today. For productional and financial reasons, Tamglass Glass Processing will close its working machine and special automotive glass business. The company will enhance its architectural glass business, which will become a stronger priority in the future. The business facing closure currently employs approximately thirty (30) staff.
Glaston Oyj Abp Losses made by Tamglass Glass Processing, part of Glaston Corporation's Heat Treatment business area, have significantly burdened the first quarter financial results for the Corporation and Tamglass Glass Processing has continued to operate in the red. In addition, global economic uncertainty is being reflected in the Group's major, comprehensive, One-Stop-Partner deliveries in particular, significantly lengthening customer's decision-making times.
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