AFG joined with Vitro Plano

AFG Industries, Inc. announced their agreement in principle to establish a joint venture for the production of float glass in Mexico.

AFG will be joined with Vitro Plano, S.A. de C.V. a subsidiary of Grupo Vitro.

D. Roger Kennedy, President and CEO of AFG said, "The venture will transform an existing container glass facility into a float glass plant in Mexicali, Mexico. Plans are for production to begin in the second quarter of 2003. We are very excited to become partners with Vitro, the largest glass manufacturer in Mexico."

"We currently produce glass at eight plants on ten production lines", said Kennedy. "Since AFG is already North America’s leading supplier of flat glass to the construction industry, this new expansion will further strengthen AFG Industries’ ability to meet the needs of our customers in Mexico, Canada and the United States. In addition to our glass making leadership, AFG operates 57 plants in North America related to the fabrication, insulating, coating and distribution of glass products."

600450 AFG joined with Vitro Plano

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