Mexico's Vitro unit takes out $230 mln credit

Mexican glass maker Vitro said on Friday a subsidiary took out a credit for $230 million to pay down debt. "The funds will be used by Vitro Envases Norteamericana to pay liabilities of the holding company," Vitro said in a statement.

Vitro, which makes a range of glass for the auto, bottling and construction industries and also glassware, said the credit falls due in 2006.

600450 Mexico's Vitro unit takes out $230 mln credit glassonweb.com
Date: 29 September 2004
Source: Reuters

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