Vitro, S.A. de C.V. announced 28 November 2006 that it will build a state-of-the-art glass container facility in the industrial valley of Toluca in Mexico in order to meet increasing demand from the c…
Vitro, S.A. de C.V. announced 28 November 2006 that it will build a state-of-the-art glass container facility in the industrial valley of Toluca in Mexico in order to meet increasing demand from the cosmetic, fragrance, toiletries, and pharmaceutical industries domestically and abroad. It is expected that the relocation of the Vimex plant, currently located in Mexico City, will start in late 2006 and take 2 years to complete. The relocation and the new plant will be funded by Vimex“s cash flow from operations. The new plant will not only allow Vimex to raise output and productivity while increasing quality and customer service, but will also benefit from significant synergies deriving from the existing Vidriera Toluca glass container plant close to the new Vimex site.