Another Great Year for Glaston Technologies

Date: 21 April 2006
Source: Kyro Group
According to Kyro Group’s financial statements for 2005, its main business area Glaston Technologies grew at threefold speed of its markets last year.

Including Tamglass, market leader of safety glass machinery and Z. Bavelloni, leading supplier of pre-processing machinery, Glaston Technologies increased its total net sales by 18%, from 203.0 million euros to 238.9 million. Its operating profit grew by as much as 21%, from the previous year’s 18.4 million euros to 22.1 million.

Architectural glass machinery in demand

Glaston Technologies, a clear market leader in glass processing machinery, also managed to grow its market shares further. Tamglass and Bavelloni successfully merged their sales organizations in the beginning of 2005, and are now able to serve the glass processing industry even better than before.

Demand for Glaston Technologies´ safety glass machines rose clearly. It was focused on large, demanding architectural glass machinery especially in the USA, where the use of energy glass and a pick-up in construction sharply increased demand. Pre-processing machines also sold well, particularly Bavelloni’s cutting machines and grinding equipment. Glaston Technologies’ order book fell slightly, but new orders grew by 16%, totalling 177.8 million euros.

Significant One-Stop-Partner launch well received

During 2005 Glaston Technologies further developed its One-Stop-Partner concept, the most comprehensive product and service offering in the industry. The most significant launch was a line jointly developed by Tamglass and Bavelloni for pre-processing and tempering of large architectural glasses as well as smaller appliance and window glass. The line consists of the world’s fastest flat tempering machine, Tamglass Sonic, and Bavelloni’s automatic, integrated pre-processing line.

Glaston Technologies´ after sales services grew at a record speed of almost 20%, and three new offices were opened during the year. Sales of tools for glass and stone pre-processing also grew, particularly through the launch of a new series of polishing tools. To develop its tool business, Kyro incorporated Bavelloni’s tool division at the beginning of 2006.

Providing that Glaston Technologies´ demand stays at current levels during 2006, the Kyro Group will again improve its net sales and operating profit.

600450 Another Great Year for Glaston Technologies glassonweb.com

See more news about:

Others also read

Despite all the digitalisation and automation in window manufacturing there are still jobs that are done by hand. Photo: 3E-Datentechnik.
The term Industry 4.0 has almost become a “household name” over the past few years. It stands for digitalisation and networking of the entire industrial value chain.
Glass sheet 9.000 x 3.210 mm
On the occasion of its OPEN HOUSE 2018, Forel presented the innovative IG line “No Limits 9000” for large size formats, able to process insulating glass panels of up to 9 x 3.30 metres.
Mappi expanding in Asian markets
With great pleasure, in these days Mappi concluded a strategic partnership with EUROTECHCORP the leading company in Viet Nam and South East Asia Countries with more than 20 years of experiences in consulting e supplying top of the range equipment line. 
Machinery and products for glass: Markets on the upswing, excellent exports performance
The Gimav Studies Centre releases official data on the sector: the growth trend continues for the 8th consecutive year.
GPD Pub
GPD are looking for partners for the GPD Pub at the Düsserdorf Fair.
Check out the exhibitors at ASEAN's largest glass show, Glasstech Asia 2018 & Fenestration Asia 2018!
Malaysia International Trade & Exhibition Centre (MITEC); Kuala Lumpur; 14 - 16 November 2018.

From industry

NEWS RELATED PRODUCTS

Add new comment