Glaston Oyj Abp - Company Announcement

Glaston's Strategy and Financial Objectives Published

GLASTON CORPORATION       Stock Exchange Release        14th January
2008, 1p.m.



Glaston's Strategy and Financial Objectives Published


Glaston's Board of Directors has decided on the corporation's
strategy and financial objectives.

Glaston operates in growing markets, and its greatest growth
potential lies in architectural glass, with an annual growth rate
estimated at 6 to 8 per cent. The company is therefore investing
heavily in this sector, in which it already has a strong market
position and know how. Correspondingly, Glaston's One-Stop-Partner
concept is a strategic strength which differentiates Glaston from its
competitors. Profitable growth is in architectural. In appliance and
automotive focus is on margin and cash flow. Investments in Service
Solutions (after sales) increase.

In its new strategy, Glaston has decided that Tamglass Glass
Processing is not core business. Tamglass Glass Processing's focus is
on implementing its current restructuring programme. The future
strategic options for Tamglass Glass Processing are under review
within Glaston.

Construction is growing worldwide with regional variations. Asia,
Eastern Europe and the Middle East are enjoying the most rapid
growth, and Asia, particularly China, has a special priority in
Glaston's strategy.

Based on its strategy, Glaston's financial objectives cover the
period up to 2010.
These objectives are as follows:

  * Growth in net sales of over 8 per cent
  * Profit margin improved to at least 10 per cent (EBIT)
  * A Return on Capital Employed (ROCE) of at least 20 per cent"The financial objectives are ambitious. We have now, however, a
clear strategy to achieve them. Glaston is the leading, global player
in its industry, in growing markets. We strengthen our market
position both through organic growth and acquisitions. Strong
investment in architectural glass will provide the basis for
Glaston's profitable growth. Our geographical focus and investments
in our Service Solutions business are clear steps taken towards
achieving our objectives," says Mika Seitovirta, CEO&President.



Sender:
Glaston Corporation

Agneta Selroos
IR & Corporate Communications Manager







Further information:
Mika Seitovirta, CEO&President, tel. +358 (0)10 500 500
Kimmo Lautanen, CFO, tel. +358 (0)10 500 500




Glaston Corporation

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

The company's own glass processing unit, Tamglass Glass Processing,
is a high-quality safety glass producer operating in Finland.

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


Distribution:
OMX Nordic Exchange
Main media
www.glaston.net