Glaston receives important follow-up order from Spain

Glaston has closed a deal valued at over EUR 4 million for heat treatment and pre-processing lines with a Spanish company Tvitec - Técnicas de Vidro Transformado S.

L.  The machines are booked in Glaston’s Q2 2015 order book and will be delivered to the customer during the third and fourth quarter of 2015.The order is a follow-up to the deal made in 2013.

Tvitec, located in Cubillos del Sil, León, in northwest Spain, was founded in 2007. The company is the leading facade glass supplier in Spain and has one of the largest glass processing facilities in Europe. Tvitec has in a short time gained a world-class name for itself as supplier for demanding architectural projects and over 70% of Tvitec’s products are exported.

The Glaston-Tvitec customer relationship goes back to year 2008 when Tvitec acquired the first Glaston furnace. The advanced technology and reliability of Glaston’s machines as well as the superior quality of the end product that help the company to set itself apart from the global competition were the decisive factors for Tvitec when deciding on the new investment.

The heat treatment lines represent Glaston's latest technology. The lines are also equipped with the advanced GlastonInsight™ production optimisation system. The deal also includes a pre-processing line for double-edging. One of the heat treatment lines and the pre-processing line will be installed at the company’s new factory close to Oporto, Portugal.

Further information:

Glaston Corporation

Pekka Hytti, SVP, EMEA, tel. +358 10 500 6310

Sasu Koivumäki, CFO, tel. +358 10 500 500

Glaston Corporation

Glaston is a global company developing glass processing technology for architectural, solar, appliance and automotive applications. Our product portfolio ranges from pre-processing and safety glass machines to services. We are dedicated to our customers’ continued success and provide services for all glass processing needs with a lifecycle-long commitment in mind. Further information is available at Glaston’s share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.

600450 Glaston receives important follow-up order from Spain
Date: 10 June 2015
Source: Glaston Corporation

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