Glaston closes EUR 31 million deal for multiple insulating glass lines
GLASTON CORPORATION INSIDE INFORMATION 12 AUGUST 2022 at 17.00 EEST
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 Ltd.
Distribution: Nasdaq Helsinki Ltd, key media, www.glaston.net.
