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Vitro announces five-year business plan

26 February 1998: Mexican glassworks Vitro SA announced a strategic five-year plan, in which it predicted an investment of US$1 billion up to the year 2002.
Under the terms of the 1998-2002 plan, the…

26 February 1998: Mexican glassworks Vitro SA announced a strategic five-year plan, in which it predicted an investment of US$1 billion up to the year 2002. Under the terms of the 1998-2002 plan, the company said it would seek to increase its operating cash flow to US$ 1 billion by 2002 and look for selective investment opportunities outside Mexico. “The core purpose of this five-year strategic plan is to fulfil the demands of our shareholders, our customers, our partners and our employees,” Vitro chief executive officer Federico Sada said. “By the year 2002, Vitro is looking to increase its operating cash flow to US$ 1 billion, which could represent revenues of approximately US$ 4 billion,” the company added.

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