Glaston’s President & CEO transfers to Asia for one and a half years

Date: 9 December 2014

Glaston Corporation’s President & CEO Arto Metsänen will transfer to Asia on 1 January 2015 for around one and a half years to promote the company’s growth in Asia and especially in the areas outside of China and to promote the company’s development projects in the Pacific region.

The President & CEO’s temporary transfer to Asia will not affect the company’s operational structure or head office functions in Helsinki.“The significance of the Asia-Pacific market will grow in the coming years and, as living standards rise, demand for demanding glass solutions will grow.As the importance of Asia increases, we are also seeking to invest further in more customer-oriented business development. We want to understand our customers’ needs and plans better.The Asia-Pacific region also offers many new growth opportunities,” says President & CEO Arto Metsänen.

Region Asia accounted for 22% of Glaston’s net sales in 2013. At the end of 2013, Glaston had approximately 200 employees in Asia. The company has sales offices in Singapore and Shanghai as well as an assembly plant in Tianjin (China). Work on extending the Tianjin plant is under way and the extension is expected to be completed in autumn 2015.

Further information:

Glaston Corporation

Arto Metsänen, President & CEO, tel: +358 10 500 500

GLASTON CORPORATION

Agneta Selroos

Director, Communications and Marketing

tel: +358 40 7453 737

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 www.glaston.net. Glaston’s share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.

Distribution: NASDAQ OMX Helsinki, key media, www.glaston.net

600450

Glaston Corporation

2014-12-09T12:00:00

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