March 18, 2008 | Vol 3, Num 11
e-glass weekly, your weekly source for industry news and financial data
News to know
New VP, plant upgrades at Efco
More top stories
Green to the core
Avoid discrimination claims when hiring
Product spotlight
Spectrophotometer
Financials
Glaston officials appoints board, approves dividends at general meeting
e-Poll
Which do you consider most when weighing the decision to pursue a merger/acquisition.
Rising costs of personnel, including wages and benefits
Rising cost of fuel
Need for diversification
Other
I'm not weighing that decision currently.



In the Feb. 19 e-glass poll, about 36 percent of respondents said they first make cuts in travel to save money in their business. Have you noticed fewer attendees at industry meetings so far this year?

I haven't attended any meetings.

49%

No, I haven't noticed decreased attendance.

23%

Yes, and it has affected meeting progress.

15%

Yes, but we've managed to keep progressing.

13%


 



















Financials

Glaston officials appoints board, approves dividends at general meeting
Glaston Corp., Finland, held its annual general meeting March 11, with shareholders approving dividends of 15 cents per share, totaling more than $12 million, according to a same day company release. Dividends will be paid March 25.

Shareholders also approved appointments, re-appointing Claus von Bonsdorff, Klaus Cawén, Carl-Johan Rosenbröjer, Christer Sumelius and Andreas Tallberg for another yearlong term. Jan Lång, president and CEO of Uponor Corp., Finland, and Mikael Mäkinen, president and CEO of Cargotec Corp., Finland, were appointed as new members of the board.

The company’s 2007 financial report was approved during the meeting. Net sales for the company reached $416 million, up from $337 million in 2006. Operating profits topped $25 million, up from about $17 million last year.

Read the full release about the meeting here.

Read the company’s 2007 annual report here.

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