The property complex consists of four plots and buildings. The area in question covers approximately 11 hectares and has five buildings and four unheated storage structures. The buildings are very well designed, modernised and maintained. Glaston was awarded a good construction prize by the City of Tampere in connection with the building of the modern glass-processing factory.
Glaston believes that the sale will be completed during the first half of 2012.
The property complex is presented as held for sale asset in Glaston’s statement of financial position when all IFRS 5 requirements are fulfilled.
For further information, please contact: Chief Financial Officer Tapio Engström, tel. +358 10 500 6419
GLASTON CORPORATION Agneta Selroos Director, Communications and Marketing
Glaston Corporation Glaston Corporation is an international glass technology company and a pioneer in glass processing technology. Its product range and service network are the widest in the industry. Glaston's notable brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines, and Albat+Wirsam in glass industry software. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.
Distribution: NASDAQ OMX, key media, www.glaston.net
Glaston negotiating the sale of its Tampere factory property
Glaston Corporation has signed an undertaking on the sale and leaseback of its factory property complex located in Vehmainen, Tampere, Finland.