Glaston Revises Strategy, Targets Growth through 2016
Between the close of 2012 and the beginning of 2013, Glaston implemented a series of measures to improve the company’s financial position, resulting in a stabilized financial base and focused business development, according to a Sept. 9 press release. The company’s financial targets for through 2016 include: growth in net sales of more than 8 percent; operating profit margin more than 6 percent; and return on capital employed more than 10 percent.
Glaston noted its biggest field of business, the safety glass market, is expected to grow by nearly 7 percent per year up to 2017, according to the release. The company is seeking to grow particularly in tools relating to pre-processing machines and in services covering the entire lifecycle of products, according to the release.