Another Great Year for Glaston Technologies
According to Kyro Group's financial statements for 2005, its main
business area, Glaston Technologies, grew at threefold speed of
its markets last year.
Glaston Technologies, which includes Tamglass and Z. Bavelloni,
increased its total net sales by 18 percent from 203.0 million euros
to 238.9 million euros. Its operating profit grew by as much as
21 percent from the previous year.
Architectural Glass Machinery in Demand
Glaston Technologies also managed to grow its market shares further.
Tamglass and Bavelloni successfully merged their sales organizations
in the beginning of 2005.
According to the company, demand for Glaston Technologies' safety
glass machines has risen. It was focused on large, demanding architectural
glass machinery, especially in the United States, where the use
of energy glass and pick-up in construction has increased demand.
Pre-processing machines also sold well, particularly Bavelloni's
cutting machines and grinding equipment.
Significant One-Stop-Parnter Launch Well Received
During 2005, Glaston Technologies further developed its One-Stop-Parnter
concept, a comprehensive product and service offering in the industry.
The most significant launch was a line jointly developed by Tamglass
and Bavelloni for pre-processing and tempering of large architectural
glasses as well as smaller appliance and window glass. The line
consists of what the company calls the world's fastest flat tempering
machine, the Tamglass Sonic, and Bavelloni's automatic, integrated
Glass Technologies' after sales services grew nearly 20 percent
and three new offices were opened during the year. Sales of tools
for glass and stone pre-processing also grew, particularly through
the launch of a new series of polishing tools. To develop its tool
business, Kyro incorporated Bavelloni's tool division at the beginning