Glaston's Glass Processing Group To Be Consolidated Into One Company

Date: 8 December 2006
Source: Kyro

Date: 8 December 2006

The Glass Processing Group, which belongs to Kyro's main business area, Glaston  Technologies, will be consolidated into one company.

The group's three companies  Tamglass Safety Glass Ltd, Tamglass Insulating Glass Ltd and Tamglass Finton Oy  will merge into a single legal entity in the turn of the year 2006-2007.

The name of this comprehensive supplier of glass products will be Tamglass Glass  Processing Ltd, already used as a unit name.



The consolidation has been preceded during 2006 by the merger of Insulating Glass  and Safety Glass operations, complete with personnel reductions, and a change in  Finton's operating model. The group's production efficiency has been enhanced by  reducing fixed costs and improving the productivity of personnel, factories and  machinery. The Tamglass Glass Processing companies have synergies that will be  exploited through the merger.



A restructuring to be completed before the end of the current year will have a positive impact on financial performance as of 2007.



In connection with the merger, Tamglass Glass Processing has divided its business  areas in a new way. A production and sales organisation has been built to give  improved support to different customer groups and their needs.



The new business areas are architectural glass, window and furniture glass, and special automotive  glass. Around 75% of the company's customers are various Finnish-based users of  architectural as well as window and furniture glass products and around 25% are  Finnish and other European users of special automotive glass.



Read the entire news on the source link below.

600450 Glaston's Glass Processing Group To Be Consolidated Into One Company glassonweb.com

See more news about:

Others also read

Glaston has received technology and equipment orders from Regency Glass, a well-known producer of high-quality IGUs in the UK.
Industry and environmental organisations jointly call for measures to improve recycling in the future End-of-Life Vehicles Regulation
Glaston Corporation will publish its January–March 2025 Interim Report on Tuesday May 6, 2025 at around 8.30 a.m. Finnish time.
This video presents the insulating glass line Glaston ULTRA, a unique line configuration, and Glaston's patented process sequence enabling the processing of center glass as thin as 0.5 mm in triple insulating glass units.
Glaston and HEGLA will supply Glassworks with Glaston’s TPS® insulating glass line and HEGLA’s glass sorting equipment, supporting the company in increasing automation and meeting the tighter construction quality standards locally.
Glaston is taking proactive steps to adapt to ongoing market challenges and ensure long-term competitiveness.

Add new comment

From industry

Ottergemsesteenweg 707-Zuid
9000 Ghent
Belgium

İçmeler Mah. D-100 Karayolu Cad. No:44A,
34947 Tuzla,/İstanbul
Turkey