Technologies Reports Strong Growth for 2003
The Kyro Group has
reported that its Glaston Technologies, which includes Tamglass
and Z. Bavelloni, saw strong growth in 2003, despite the economic
cycle and strong euro. The company's sales grew 68 percent to EUR
198.4 million (approximately $241 million USD), and operating profit
before amortization of goodwill grew 27 percent to EUR 19.7 million
(approximately $24 million USD).
According to the report, in 2003 Bavelloni and Tamglass launched
close co-operations in sales, maintenance and logistics with the
One-Stop-Partner concept, which offers complete machinery package
"Our success at Vitrum with record high orders [last] July
was beaten again in December by a new record amount of orders,"
said Pentti Yliheljo, Kyro Group president and chief executive officer.
"The good order intake in December indicates strong approval
of the One-Stop-Partner concept among our machinery customers."