Mexican glassmaker Vitro said it plans to cut investment in 2001 by as much as US$ 50 million.
“In terms of our current businesses we are reducing investment from US$ 160-170 million last year, to be…
Mexican glassmaker Vitro said it plans to cut investment in 2001 by as much as US$ 50 million. “In terms of our current businesses we are reducing investment from US$ 160-170 million last year, to between US$ 120-130 million,” Vitro Chief Financial Officer Jose Manuel Contreras told analysts during a conference call. He added, however, that investment could still rise if the company discovers new business opportunities in 2001. The company did not say why it was cutting back on investments.