What we do
Our mission is to make your glass outstanding
By providing you with machinery, technology and expertise so you can truly stand out.
We are committed to help you achieve success in your chosen area of glass processing.
We’re passionate about innovating the next level in world-class technology, dedicated services and technical support so you get the highest production energy efficiency and best end glass quality. We offer you our expertise to inspire potential and open up exciting opportunities in glass.
In all we do, we aim at giving you the best customer experience possible. This guarantees a clear and visible difference – and enables you to reach profitable business results.
GLASTON HAS REVIEWED ITS STRATEGY AND UPDATED FINANCIAL TARGETS AS A RESULT OF ITS ACQUISITION OF BYSTRONIC GLASS
Glaston has reviewed its strategy and updated its financial targets for the strategy period 2018–2021 as a result of its acquisition of Bystronic glass.
The foundation of the strategy remains unchanged; we continue to seek growth in our core business and to win in services through digitalization. Combining the strengths of Bystronic glass and Glaston as well as leveraging the know-how Bystronic glass adds to our business, provides us with unique opportunities to build a strong machinery and services offering as well as the ability to capture new growth opportunities. Implementing a joint operating model will support us in reaching our strategic goals and in realizing the full synergy potential of combining Glaston and Bystronic glass.
Our overall strategic goal remains unchanged: our ambition is to be the industry’s innovative technology leader, realizing its customers’ highest ambitions in glass.
Glaston’s purpose is to build a better tomorrow through safer, smarter, and more energy-efficient glass solutions. The demand for environmentally sustainable and energy-efficient solutions, tightening safety standards as well as growing visual and functional quality requirements of glass, increasingly affect the way our customers operate as well as impact the specifications they require from their glass processing technology partners.
Our strategy is divided into four key themes:
- Growth in core
- New growth opportunities
- Joint operating model
Updated financial targets:
- Annual growth of net sales exceeding market growth* (CAGR)
- Comparable operating margin (EBITA)** above 8% at the end of the strategy period. EBITA excludes amortizations of purchase price allocations.
- Comparable return on capital employed (ROCE)** of more than 14% at the end of the period
*Flatglassmarket growth over the cycle.
**Calculation of key ratios:
Comparable EBITA excluding amortizations of purchase price allocations:
Result before amortization of purchase price allocations +/- items affecting comparability
Comparable return on capital employed, % (Comparable ROCE):
(Profit / loss before taxes + amortization of purchase price allocations +/- items affecting comparability + financial expenses x 100) / (Equity + interest-bearing liabilities, average of 1 January and end of the reporting period)
Glaston signs an agreement to acquire Bystronic glass
Glaston divests its Tools business, specialized in manufacturing and sales of tools for glass and stone processing, to Italian Bavelloni S.p.A.
Glaston Support room is introduced at Glasstec 2018 show in Düsseldorf, Germany.
Glaston receives Mention of Honor for the most startup friendly company in 2018
Glaston participating in Finland’s first industry-oriented machine learning project called MIDAS. In addition to Glaston, the key actors of the two-year group project are Novatron, Nokia Technologies, Epec and Tampere University of Technology.
The world’s first Hack the Glass Hackathon event is arranged together with Business Tampere, Tampere University of Technology and VTT Technical Research Centre of Finland.
Glaston organizes the first start-up event of the industry called Step Change in connection of the GPD 2017 conference.
Glaston iLooK Anisotropy online scanning of anisotropy is introduced.
The Glass Performance Days (GPD) event organized by Glaston celebrates its 25th year of service to the glass industry.
Glaston Insight platform for smart connectivity and intelligence of the machines is launched
Glaston Matrix bending furnace for windshields is launched.
Glaston invests in a California-based nanotechnology company.
Glaston ProL flat glass laminating line is introduced.
Glaston sells Pre-Processing machine business to Bavelloni Spa.
Glaston acquires the industrial property rights to all Glassrobots products.
Glaston introduces Glaston Genuine Care™ service concept.
The company sells the Software Business Area.
Launch of GlastonAir air flotation tempering technology for thin glass tempering.
Launch of the new generation flat tempering family and iControl™ automation system.
The acquisition of the German A+W Software Group.Business area Software Solutions is formed.
The company's name is changed to Glaston Corporation.
Kyro acquires Z. Bavelloni that is specialized in Pre-Processing machines.
Tamglass Goups's machine business is supplemented with tempering machine manufacturer UNIGLASS OY.
The Kyro Group's parent company is listed on the Helsinki Stock Ecxhange.
Tamglass introduces the remote online system ROLS.
Tamglass is granted the ISO9001 quality certificate.
The first Glass Processing Days (GPD) conference is organized.
The first bending and tempering line Tamglass HTBS is launched.
Tamglass launches the serial windshield bending furnace ESU
Tamglass launches the third generation horizontal tempering furnace HTF III
Kyro acquires the entire share stock of Tamglass Oy founded in 1970.
Tamglass launches the second generation horizontal tempering furnace HTF II
Tamglass launches the first generation horizontal oscillating tempering furnace HTF I
Tamglass is founded.The company specializes in windshield bending and lamination.
The company's name is changed to Oy Kyro Ab.
The first paper mill starts in Kyröskoski, Finland.
Hammaren & Co. is founded. Kyro's long and eventful story begins.
- Our journey starts