American depositary receipt (ADR) facility. Each Vitro ADR represents three A shares. The ADRs trade on the New York Stock Exchange under the symbol "VTO." The A shares trade in Mexico on the Bolsa Mexicana de Valores.
Through its subsidiary companies, Vitro, S.A. de C.V. produces glass and participates in three principal businesses: flat glass, glass containers and glassware. Its subsidiaries serve multiple product markets, including construction and automotive glass; food and beverage, wine, liquor, cosmetics and pharmaceutical glass containers; and glassware for commercial, industrial and retail uses. Vitro also produces raw materials and equipment and capital goods for industrial use.
Alvaro Rodriguez Arregui, chief financial officer of Vitro, said, "We are pleased to be working with The Bank of New York. We are confident that the Bank's integrated securities services will streamline our program's administration and that its extensive outreach and promotional programs will help us gain broad access to U.S. investors."
Christopher Sturdy, managing director and Head of The Bank of New York's Depositary Receipt Division, said, "We appreciate Vitro's confidence in selecting The Bank of New York as successor depositary bank and welcome the company to our increasingly diverse portfolio of Mexican DR clients. We look forward to working with their management to maximize the program's market potential."
The Bank of New York has been conducting business in Latin America for over 100 years. The Company has representative offices in Argentina, Mexico and Brazil, and offers a full range of securities servicing, global payments, asset management and trade finance products. The Bank is committed to Latin America and to growing its business as the capital markets develop in the region.