Kyro Corporation STOCK EXCHANGE RELEASE 5
March 2007 at 11.30 a.m.
GLASTON IMPROVES EFFICIENCY OF BRAZILIAN OPERATIONS
Kyro's main business area, Glaston Technologies, makes efficiency
improvements in its Brazilian operations by merging the local
Tamglass and Bavelloni machine factories. A respective Glaston
factory is in operation in Tianjin, China, where pre-processing and
safety glass machine factories were merged in 2006.
The operational merger of Tamglass South America, which manufactures
safety glass machines, and Z. Bavelloni South America, which
manufactures pre-processing machines, will generate synergy benefits
and thereby cost savings for Glaston.
As a consequence of the merger, the number of administration
personnel at the factories will be reduced by six. Personnel
reduction requirements related to overlaps, and the savings generated
by the merger, will be evaluated during the next few months.
Currently, a total of 87 employees work in Brazil.
General Manager of Tamglass South America, Jean-Paul Clément, has
been responsible for Brazilian operations from 1 March 2007.
In the next stage, Glaston will seek joint premises for machine
manufacturing in Brazil. The product range of the merging factories
currently consists of glass pre-processing and safety glass machines
as well as glass pre-processing tools.
Tampere, 5 March 2007
Kyro Corporation
Emmi Watkins
IR & Communications Manager
For further information, please contact:
Kyro Group's Technology Director Juha Liettyä, tel. +358 3 372 3310.
Kyro Corporation is a growing, financially solid international
technology group. The Glass Machinery Group of Kyro's main business
area, Glaston Technologies, is the global market leader in glass
processing machines. Tamglass Glass Processing Ltd is the leading
comprehensive supplier of architectural glass in Finland and
neighbouring countries. Kyro's Energy business area consists of Kyro
Power Oy, a local, environmentally friendly energy producer.
www.kyro.fi
www.glaston.net
Distribution: Helsinki Stock Exchange
