The Mexican glass group Vitro SA announced at the end of last week that company shareholders had voted to suspend the dividend payment for 1996 in an effort to strengthen the company“s balance sheet….
The Mexican glass group Vitro SA announced at the end of last week that company shareholders had voted to suspend the dividend payment for 1996 in an effort to strengthen the company“s balance sheet. Vitro also said in a statement that shareholders had approved the sale of the group“s Materias Primas raw materials unit to the US firm Unimin Corporation, a deal reported last week in Glassonline World News.. “The dividend suspension and the sale of Materias Primas are two more steps in the strengthening of our balance sheet according to the 18-month plan that we have been following since mid-1996,” Federico Sada Gonzalez, chief executive officer of Vitro, said in the statement.