Brief: Glaston Expands Production In China

Glaston Oyj Abp

14/06/2022 14:11

June 14 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * TO ESTABLISH PRODUCTION FOR AUTOMOTIVE GLASS
PRE-PROCESSING
EQUIPMENT IN CHINA
    * FIRST PRODUCTS PRODUCED IN CHINA FOR CHINESE MARKET ARE
EXPECTED
TO BE DELIVERED DURING FIRST HALF OF 2023.
    * ESTIMATED INVESTMENT FOR IMPLEMENTATION OF PLAN IS
APPROXIMATELY
EUR 1.4 MILLION.
    * MOST OF COSTS AND CAPITAL EXPENDITURE ARE EXPECTED TO TAKE
PLACE
IN 2022
    * PLAN ENABLES GRADUALLY IMPROVING PRODUCTION COST
EFFICIENCIES OF
10−15% STARTING IN 2024

Source text for Eikon:  ID:nWkr9FDtCc 
Further company coverage:  GLA1V.HE 

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