Glaston lowers 2011 outlook
Officials from Glaston Corp. revised the company's 2011 forecast downward in its Jan. 1 to Sept. 30 interim report, released Oct. 26. Due to weakened markets, company officials expect 2011 net sales to be at 2010 levels, and operating results will experience a slight loss, according to the report. "In the third quarter, uncertainty in the world economy grew. The weaker economic outlook was reflected in customers' willingness to invest and this led to a postponement of larger investment decisions," President and CEO Arto Metsänen said in the report.