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CHINA – Glaston Closes Major Deal in China
Glaston announced it has closed a EUR 3.4 million (approximately $4.4 million USD) deal with Jin Jing Group of China, a company with which Glaston says it has a long-term customer relationship. According to a Glaston announcement, the deal includes … Continue reading
GPD 2013 Approaches
This year’s Glass Processing Days (GPD) in Tampere, Finland, June 13-15, will focus on glass architecture and the environmental impact of buildings. The conference will feature around 180 presentations given by glass industry experts, complemented by around 20 workshops, offering … Continue reading
China Government Agency Rules in Favor of LandGlass in Glaston Case
China’s Patent Reexamination Board, based in Beijing, has ruled in favor of China-based LandGlass Inc. in a patent infringement case filed by Glaston, according to information from both Glaston and LandGlass. Glaston had filed the suit last year, alleging patent … Continue reading
Glaston to Sell Tampere, Finland, Factory
Glaston Corp. has signed a letter of intent to sell and lease back its factory property complex located in Tampere, Finland. The company plans to sell the property to real estate group Tampereen Mummu ja Poika Oy for approximately $16.5 … Continue reading
Issuance of Glaston Shares Authorized
Glaston Corp.’s Extraordinary General Meeting was held this week, and during the meeting the company’s board of directors was authorized “to resolve on one or more issuance of shares.” According to an announcement from the company, the authorization contains the … Continue reading
Glaston Corp. Works to Strengthen Balance Sheet, Financial Position
Glaston Corp. has announced that it is working to strengthen its balance sheet and financial position through a number of activities, including the recent sale of its Software Solutions Business Area, Albat+Wirsam, share issues directed to the public and to … Continue reading
Glaston Completes Sale of Albat+Wirsam to Constellation Software
Helsinki, Finland-based Glaston Corp. has closed the previously announced sale of its shares in Albat+Wirsam Software GmbH (A+W) to Constellation Software Inc., acting through its Friedman Operating Group. The agreement to sell A+W was subject to customary closing conditions including … Continue reading
