DISPUTE BETWEEN GLASTON AND CUSTOMER PROCEEDING TO ARBITRATION
Glaston Corporation Insider information 30 August 2019 at 17.00A dispute between Glaston and its customer regarding a heat treatment machine acquired by the customer, is proceeding to arbitration. The customer claims the contract to be terminated and a compensation of approximately EUR 3.5 million, which would cover the acquisition price of the machine as well as, mainly indirect, damages caused to the customer. In addition, as a consequence of the termination of the contract, the ownership of the machine would be transferred back to Glaston.