Kyro Group has announced that its main business area, Glaston
Technologies, which includes Tamglass and Z. Bavelloni, achieved
a good half-year result, despite the economic cycle and the strong
euro. Net sales for the company totaled EUR 93.8 million.
"The order book of Kyro's main business area, Glaston Technologies,
grew in the second quarter by 16 percent and totaled EUR 56.6
million on June 30, 2004," said Pentti Yliheljo, president
and chief executive officer. "The level of the offer book
for glass processing machines is also good. The positive development
of the order book, alongside growth in maintenance business and
demand for tools, strengthens our expectations that a market upturn
in the glass processing industry is approaching."
According to a company news release, demand in the United States
has been growing for glass processing machines. In the U.K., Italy
and Spain and several Far Eastern markets, demand remains good
In addition, Glaston Technologies is enhancing and supplementing
its local custom-service and agent network. Consolidation of offices
and new joint sales and service units in Shanghai and Moscow are
intended to improve customer service and sales of comprehensive
deliveries under the One-Stop-Partner concept and boost cross-selling.