Glaston brings new technology to Finland
Glaston, a manufacturer of glass processing machinery has decided to improve its profitability by merging its trade activities and transferring its manufacturing processes to Finland and China. The company has factories already in five countries on four continents. The executive director Mika Seitovirta says that the aim behind all the structural changes is to cut down on the company's expenses.
Glaston's business strategy includes the closing down of its factory in Cinnaminson, USA. Manufacture of tempering systems will be transferred from the United States to Finland. The Finnish factory will be located in Tampere, while other factory will be opened in China, the company discloses in its latest briefing.
The transfer to Tampere does not necessarily mean that the company will be able to provide employment just yet, since machine sales have temporarily frozen. When the sales pick up again, the company will be able to employ more workforce. -With this transfer we want to ensure the continuation of our manufacturing process in Tampere, as well as bringing new technology to the factory in Vehmainen, says Mr. Seitovirta.
Glaston has estimated that merging its two trade activities, pre-processing and heat treatment, will boost its production, resulting annually to about 3,5 million Euro savings beginning from 2010.
Comments (7)