Glaston Publishes January 1-December 31, 2008 Financial
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).
HERE to read the full statement.
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