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Vitro, S.A. de C.V. (VTO) Sees the Glass Half-Full

Vitro, S.A.B. de C.V. is one of the world’s leading glass producers. They operate two main divisions of their business; flat glass and glass containers. Founded in 1909 in Monterrey, Mexico, Vitro has their headquarters today in Garcia Garza, Mexico. They are part of the Packaging and Containers industry in the Consumer Goods sector and they trade on the New York Stock Exchange (NYSE). With a market capitalization of $587.94M, Vitro has facilities and distribution centers in North, Central, and South America, as well as Europe.

The company establishes joint ventures with major partners and industry leaders that provide their subsidiaries with the access they need to global markets, distribution channels, and advanced technology. Those subsidiaries provide for markets as diverse as construction and automotive glass, food and beverage, wine, liquor, cosmetics, and pharmaceutical glass containers. The company exports their glass products to more than 50 countries around the world.

Vitro’s flat glass unit focuses on the manufacture and distribution of flat glass for the construction and automotive industries. They are the largest flat glass producer in Mexico, the second-largest manufacturer in Latin America, and one of the leading distributors in the U.S. Their customer base includes large distributors and installers in the construction industry in Mexico and abroad, as well as General Motors, Ford Motor Co., DaimlerChrysler, Volkswagen and Nissan, and distributors and installers in the automotive replacement industry. This unit includes four float glass furnaces and five automotive safety glass processing facilities in Mexico, nine fabrication facilities in the United States, seven processing facilities in Spain and one each in Portugal and France, as well as a host of other centers.

Vitro´s glass container unit is Mexico’s leading manufacturer and supplier of glass containers. They have their operations in Central America and Bolivia. They are a major exporter to the American marketplace, their primary customer base. This division produces and distributes glass containers for customers such as Avon, Bacardi, Campbells, Coty, Diageo, Encore Glass, Estee Lauder, Gerber, Grupo Cuervo, Jumex, Nestle, Pepsi Cola, Procter & Gamble, and Coca-Cola, among others. They also produce and market soda ash, sodium bicarbonate, calcium chloride, and salt, which are all raw materials used in the manufacture of glass products. Vitro also uses this division to manufacture and distribute capital goods like glass-forming machines and molds.

With sales in 2007 of US $2,560 million and an employee base in 2007 of 24,442, Vitro continues to work to provide quality glass products to their varied customer base worldwide. They hope to provide their shareholders a reason to raise their glasses and toast business success for many years to come.

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