Mexico's Vitro raises sales by 6 pct in 2005

Mexican glass maker Vitro increased its consolidated sales by 6 percent last year to $2.4 billion, the company said on Friday in a preliminary earnings report.

Monterrey-based Vitro, which has debt of around $1.5 billion, exports flat glass, containers and glassware to more than 70 countries worldwide and has suffered since the mid-1990s from increased competition both in Mexico and abroad.In August, Vitro put its corporate headquarters in Monterrey up for sale as part of a bid to pay down debt. Mexican glass maker Vitro increased its consolidated sales by 6 percent last year to $2.4 billion, the company said on Friday in a preliminary earnings report.

Monterrey-based Vitro, which has debt of around $1.5 billion, exports flat glass, containers and glassware to more than 70 countries worldwide and has suffered since the mid-1990s from increased competition both in Mexico and abroad.

In August, Vitro put its corporate headquarters in Monterrey up for sale as part of a bid to pay down debt.

600450 Mexico's Vitro raises sales by 6 pct in 2005 glassonweb.com
Date: 25 January 2006
Source: Reuters

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