Mexico“s Grupo Vitro will close one of its eight Mexican glass container manufacturing plants. In shutting down its Vidriera Oriental facility in Mexico City, the company will take a US$ 70 million c…
Mexico“s Grupo Vitro will close one of its eight Mexican glass container manufacturing plants. In shutting down its Vidriera Oriental facility in Mexico City, the company will take a US$ 70 million charge. Vitro“s glass container operations, which account for 29% of revenues, have hit hard times. Sales to the Mexican soft drink industry are down 20% this year as a result of a growing switch to plastics.