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2008-07-30 09:00:00 CEST 2008-07-30 09:00:23 CEST REGULATED INFORMATION Glaston Oyj Abp - Company AnnouncementGlaston's glass processing unit closes down its working machine and special automotive glass businessAs 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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