Vitro Cristalglass to supply glass for “Bank City” complex

Vitro S.A.de C.V. announced 16 June 2003 that its European subsidiary, Vitro Cristalglass, was awarded the contract to provide nearly 80,000 square meters of its double-glazing ISOLAR SOLARLUX + MULTI…

Vitro S.A.de C.V. announced 16 June 2003 that its European subsidiary, Vitro Cristalglass, was awarded the contract to provide nearly 80,000 square meters of its double-glazing ISOLAR SOLARLUX + MULTIPACT glass to the new Banco Santander Central Hispano (SCH) Financial Center in Madrid. With the support of Spain“s leading financial institution, the office complex will be the largest of its kind in the country and one of the biggest in Europe. According to bank sources, this important financial icon building will cost around to EUR 270 million euros. The complex, the most important “Bank City” in Spain, will comprise 100,000 square meters of intelligent offices on a 120-acre location. The financial city, located in the vicinity of Boadilla del Monte near Madrid, was jointly designed by the renowned architectural firm of Kevin Roche Partners and Alfonso Millanes and Francisco Navarro of SCH“s architectural staff. Dragados Obras y Proyectos, S.A. is to build the complex and Inasus and Alcotan will provide glazing. As well as offices, the 100,000 square-meter intelligent office complex will have 15,000 square meters of sport facilities, an 18-hole golf course, a shopping mall, restaurants, leisure areas, a parking lot for 3,600 vehicles and other facilities that will allow 8,000 employees to enjoy this unique Bank City in Spain. In line with the philosophy of the corporation and in compliance with municipal requirements, the buildings in the SCH complex will have a maximum of three storeys and only approximately 20% of the total land surface will be used. The SCH city”a new model in Spain and most of Europe”has been inspired by large North American corporations“ experiments, such as Cisco, Nortel, IBM, Microsoft, Merrill Lynch and Merck. The project“s huge dimensions and services are designed to fit SCH current and future needs, a financial city conceived in line with key global corporate facilities. According to experts, construction should be finished by the end June of 2004. Flanked by four office buildings in its first phase, the new executive complex will revolution the way large companies work. “There“s no doubt the SCH Financial Center is the largest Icon building in which we will participate this year. Nonetheless, we will continue to look for additional business opportunities in order to maintain our leadership position in the Spanish and European markets,” said Isaac Prado, Sales and Technical Director of Vitro Cristalglass. Vitro Cristalglass is Spain“s leading fabricator, distributor and marketer of architectural and construction flat glass products and, through its Vitro Chaves subsidiary, is a leader in Portugal. The company has almost 550 employees, recorded sales of approximately US$90 million in 2002. Vitro Cristalglass has five facilities in Spain: three flat glass production facilities in Camponaraya, Villadecanes (Len province) and Fuenlabrada (Madrid province); and two distribution facilities in La Coru-a and Valencia.