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Glaston's glass processing unit closes down its working machine and special automotive glass business

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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.

In its strategy, Glaston has designated Tamglass Glass Processing as
being outside its core business, and strategic options for its future
remain under review in Glaston.




For further information, please contact:
Glaston Corporation, Mika Seitovirta, CEO & President
Tel. +358 (0)10 500 500

Tamglass Glass Processing, Timo Rautarinta, Managing Director
Tel. +358 (0)10 500 510



Submitted by:
Glaston Corporation
Agneta Selroos
Corporate Communications and IR Manager
Tel. +358 (0)10 500 6105






Glaston Corporation

Glaston Corporation is a growing,global glass technology group.  As
the leading supplier of glass processing machines in the world and a
One-Stop-Partner for glass processors,  its product range and service
network are the most extensive in the industry.  Glaston's well-known
brands are Bavelloni in pre-processing machines and tools, Tamglass
and Uniglass in safety glass machines, and Albat+Wirsam in software
solutions.

Glaston's own glass processing unit, Tamglass Glass Processing, is a
manufacturer of high quality safety glass products, and operates in
Finland.

Glaston's share (GLA1V) is listed on the OMX Nordic Exchange Helsinki
Mid Cap List.
www.glaston.net




                                            

                

            

        

    

    



    

        
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