Vitro Transaction to Increase Ownership Stake in Vitro AFG to 100 Percent has been approved by the Mexican Federal Antitrust Authorities

Date: 30 August 2007

The transaction to acquire in its entirety all the capital stock of the Mexican company Vitro AFG, S.A. de C.V. (Vitro AFG) by Vitro's subsidiary Viméxico, S.A. de C.V. (Viméxico), has been approved by the Mexican Federal Antitrust Authorities.

As announced on July 24, 2007, Vitro exercised its right to purchase its partner AFG Industries Inc. 50% stake for US$6 million. Vitro AFG owns a float glass manufacturing facility located in Mexicali, Baja California, México.

"This transaction will significantly strengthen our market position, as we expecto too further benefit from the dynamic growth of the architectural glass market in México. The addition of this significant manufacturing capacity allows us to serve our customer's requirements and exceed their expectations within México and abroad", said Hugo Lara, President of Vitro's Flat Glass Business Unit.

Further information

600450

www.vitro.com

2007-08-30T13:00:00

Vitro Transaction to Increase Ownership Stake in Vitro AFG to 100 Percent has been approved by the Mexican Federal Antitrust Authorities glassonweb.com

See more news about:

Vitro

WhatsApp LINKEDIN FACEBOOK X PRINT MORE

Others also read

MORE...

Solarban® 72 Acuity® Glass by Vitro Architectural Glass Highlights 20 Mass Renovation

20 Mass transforms Capitol Hill with Solarban® 72 Acuity® glass facade.

Solarban® 65 glass delivers a solar heat gain coefficient (SHGC) of 0.35 and visible light transmittance (VLT) of 70%, while maintaining a crisp, clear, color-neutral aesthetic.

Vitro Architectural Glass Introduces Additional Low-E Option, Solarban® 65 Glass

Vitro Architectural Glass has added a new option, Solarban® 65 glass, to its family of high-performance, solar control, low-e glasses.

VacuMax™ VIG dons the newly renovated Hugel Welcome Center in Markle Hall on the campus of Lafayette College in Easton, PA. It’s the first project in the U.S. to feature VacuMax™ VIG by Vitro Architectural Glass. (Photography: Jim Cunningham)

VacuMax™ Vacuum Insulating Glass Wins Top Product of the Year Award

VacuMax™ Vacuum Insulating Glass by Vitro Architectural Glass Awarded Prestigious Recognition by Environment+Energy Leader

Solar control low-e coatings like Solarban® 70 glass, featured at UC San Diego’s Living Learning Neighborhood, deliver a return on carbon by dramatically reducing a building’s operational carbon every year.

Vitro Architectural Glass Updates EPDs to Meet Low Embodied Carbon Standards

Vitro Architectural Glass achieves Top 20% LEC rating with updated EPDs.

Vintage Views: One PPG Place (far right). (Courtesy of Vitro Architectural Glass)

The “Crown Jewel” of Pittsburgh’s Skyline, PPG Place, Turns 40

For 40 years, One PPG Place – a shimmering neo-gothic 635-foot tower with iconic spires designed by world-renowned architect Philip Johnson – has defined and shaped Pittsburgh's skyline, becoming an integral part of the city's identity.