Subscribe to USGNN!

Glaston Publishes January 1-December 31, 2008 Financial Statement Bulletin

Glaston Corporation has published its January-December 2008 financial statement bulletin. President and chief executive officer Mika Seitovirta noted that the global financial crisis considerably weakened the glass processing machine market in the second half of 2008.

"The development is particularly evident in orders of new machines. During the final quarter of the year, orders fell sharply compared with the corresponding period of the previous year and the order book clearly weakened," Seitovirta said.

Orders received in January-December totaled EUR 184.7 million (approximately 212.7 million USD), while orders received in the fourth quarter totaled EUR 31.8 million (approximately 42.1 million USD).

CLICK HERE to read the full statement.

Need more info and analysis about the issues?
CLICK HERE to subscribe to USGlass magazine.