Glaston closes major deal in Spain
GLASTON CORPORATION Stock Exchange Release 27 September 2013 at 11.30
Glaston closes major deal in Spain
Glaston has closed a EUR 3.0 million deal for a heat treatment line with the Spanish company Tvitec – Técnicas de Vidro Transformado S.L. The line will be delivered to the customer in the final quarter of 2013.
The heat treatment line represents Glaston’s latest technology and is a customized flat tempering line with a total length of around 60 metres. The line is also equipped with the advanced Vortex Pro™ heat control system and the iLooK™ quality measurement system. The deal also includes a comprehensive Glaston Care service contract package for maintenance, training and consulting services.
The deal includes an option of a Glaston XtraEdge™ double-edging line. If the customer decides to use the option the value of the total deal is EUR 3.6 million. The option is valid until the end of February, 2014.
Tvitec is the leading facade glass supplier in Spain, and 70% of its products are exported. The above deal will further strengthen Tvitec’s position as a supplier of large glass sizes and facade glass.
Further information:
Glaston Corporation
Juha Liettyä, SVP, Heat Treatment product line, tel. +358 10 500 6310
Sasu Koivumäki, CFO, tel. +358 10 500 500
Glaston Corporation
Glaston is a global company developing glass processing technology for architectural, solar, appliance and automotive applications. Our portfolio ranges from pre-processing and safety glass machines to services. We are dedicated to our customers’ continued success and provide services for all glass processing needs with a lifecycle-long commitment in mind. For more information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.
Distribution: NASDAQ OMX, media, www.glaston.net