PRESS RELEASE: Glaston closes major deal in China
GLASTON CORPORATION Press Release 24 May 2013 at 9.15
Glaston closes major deal in China
Glaston has closed a EUR 3.4 million deal with the Chinese company Jin Jing Group. Glaston has a long-term customer relationship with Jin Jing Group and this time the deal includes two Glaston CCS900™ double-chamber tempering furnaces, one Glaston FC500™ flat tempering furnace, one Glaston XtraEdge™ 2640-10 double-edging line and one real-time iLooK™ quality measurement system. The machines were included in Glaston’s Q1/2013 order book.The heat treatment lines and iLooK™ are manufactured in Tianjin, China and the pre-processing line in Bregnano, Italy. The machines will be delivered to the customer to Beijing, China during the third and fourth quarter of 2013.
The Jin Jing Group has a versatile product offering and has built Asia’s largest production base of embossed glass. The Group has markets throughout North America, Europe, Australia, Southeast Asia, the Middle East and other regions. The group’s float glass production lines represents the world's most advanced technology and equipment.
Jin Jing Group’s ultra-clear glass was used on Beijing Olympic Bird's nest and water cube. The company also holds references from Shanghai and Dubai. The current investment will further support Jin Jing Group to produce world class triple silver Low-E glass.
For further information, please contact:
Arto Metsänen, President&CEO
Phone: +358 10 500 500
Frank Zhang, General Manager, Asia
phone: +86 21 5840 9778*816
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.