According to a recent company release, Vitro will invest more than USD 146 million back into the company to increase melting capacity in automotive glass and other areas. According to company CEO Adrian Sada Cueva, 89% of the budget will go to operations in Mexico.
"The amount shall represent an increase of 65% with respect to the investment achieved in 2012 and shall be directed towards increasing the melting capacity in glass containers and automotive glass, as well as to the application of a series of improvements in our equipment and facilities in order to strengthen our leadership in the market after overcoming this challenging period for the company," says Adrian Sada Gonzalez, chairman of the board.
Adrian Sada Cueva, CEO, says 89% of the budget will go to operations in Mexico, mainly to increase the manufacturing capacity of some of the furnaces and to improve and update the plants.
"These include the necessary activities required for the increase in the manufacturing capacity of one of our furnaces, which produces glass containers in the Queretaro plant, in order to transform it into the largest of its kind in Latin America," the CEO says.
"[The money will also go to] the 75% capacity increase of the manufacturing furnace of the glass plant in Bolivia and the investment of an automotive pressing furnace, which will provide a capacity increase. [We will also invest in helping our workforce gain] new skills required for this challenging market," he adds.