Tamglass, the worlds market leader in safety glass machines, and Z. Bavelloni, the leading manufacturer of processing machines and tools for glass and stone, are now sister companies and will cooperate closely. Z. Bavelloni and Tamglass belong to Kyros Glass and Stone Technology division, namely Glaston Technologies. Z. Bavelloni and Tamglass will continue with their own strong brands and names.
Focusing in customer service
Z. Bavelloni and Tamglass serve glass processors worldwide with an extensive high technology product range from individual machines to factory planning and complete production lines, from one supplier.
The companies sales and service offices together with their factories form an extensive service network of 34 local units. This network will offer a faster response to enquiries, quality service, and communication with customers in their own language. The familiar contacts of Z. Bavelloni and Tamglass will continue to serve customers in the best possible way.
Z. Bavelloni and Tamglass will continue their extensive R&D work. Both companies will not only develop new products of their own but also new technologies together for the whole glass processing value chain. Development will be coordinated, with even stronger resources and a joint knowledge base to respond to the changing needs of customers in the glass industry.
Strong commitment to the future
Z. Bavelloni has over 50 years of experience in pre-processing and Tamglass over 30 years of experience in safety glass technology. As highly successful and financially sound machinery manufacturers, the companies will continue under their own names, existing organizations and own product lines, while cooperating in sales, customer service and logistics.
The management of Z. Bavelloni, including Bavelloni family members, continues in the company and is committed to developing the company as part of the leading glass technology supplier. The Bavelloni family has also become a significant shareholder in Kyro Corporation in connection with the acquisition.
Successful companies are long-term partners for customers
As successful, sound companies, are committed to provide a long-term partnership for their customers in the glass industry. Z. Bavelloni is the leading manufacturer of pre-processing machinery for glass and it has a market share of over 30% in its main product areas. Tamglass is the world technology and market leader in safety glass processing machinery, with a market share of over 50% in its main product areas.
Net sales for the Kyros Safety Glass Technology business area without Z. Bavelloni in 2002 totalled EUR 117.7 million. Operating profit was EUR 15.4 million, amounting to 13.1% of net sales. The order book for the business area on 31 December 2002 was, despite high delivery volumes at the end of the year, good at EUR 45.2 million. This figure grew to EUR 53.2 million by 31 January 2003. The Safety Glass Technology business area received new orders worth approximately EUR 30 million during December and January.
Figures for Z. Bavelloni and Glasto have been consolidated within the Kyro Group from 1 January 2003, at which time the Safety Glass Technology business area expanded into the Glass and Stone Technology division, namely Glaston Technologies. Key comparison figures for the division in 2002 will be published in connection with the first interim report.
Glaston Technologies is the leading supplier of glass processing machinery, with a complete product range covering pre-processing to safety glass machinery with wide know-how of glass processing. The divisions customer service network is the largest in the glass industry with 34 local units around the world. The division comprises Tamglass and Z. Bavelloni. Glaston Technologies is Kyro Groups Glass and Stone Technology division. Kyro Corporation is a sound and growth-oriented technology company and it is listed on the Helsinki Exchanges.