2022-08-12 16:00:00 CEST

2022-08-12 16:00:02 CEST


Glaston Oyj Abp - Inside information

Glaston closes EUR 31 million deal for multiple insulating glass lines


Glaston has received a strategically significant order from a glass processor in
Europe, valued at approximately EUR 31 million. The order will be booked in
Glaston's received orders for Q3/2022. The first lines will be delivered in
Q2/2023 and the final delivery is scheduled for Q3/2025.

The strategically important deal includes multiple insulating glass lines in
addition to MULTI'ARRISSERs and machines for spacer frame production. The lines
will be manufactured in Germany during 2023−2025.

“We are very honored to be a part of our customer's success story. For Glaston,
this collaboration is an important strategic milestone, as it further
strengthens the market's trust in our broader product offering,” says Glaston
Corporation's CEO Anders Dahlblom.

For further information:
Anders Dahlblom, President & CEO, tel. +358 10 500 500
Päivi Lindqvist, Chief Financial Officer, tel. +358 10 500 500

Commercial inquiries:
Marco Stehr, Senior VP Sales & Service, EMEA region, tel. +49 7234 601 147

Press and investor inquiries:
Pia Posio, VP Communications, Marketing and IR, tel +358 500 5076

Glaston in brief
Glaston is the glass processing industry's innovative technology leader
supplying equipment, services and solutions to the architectural, automotive,
solar and display industries. The company also supports the development of new
technologies integrating intelligence to glass.

Glaston is committed to providing its clients with both the best know-how and
the latest technologies in glass processing, with the purpose of building a
better tomorrow through safer, smarter, and more energy efficient glass
solutions. Glaston operates globally with manufacturing, services and sales
offices in 10 countries and its shares (GLA1V) are listed on Nasdaq Helsinki

Distribution: Nasdaq Helsinki Ltd, key media, www.glaston.net.