Need more information?Contact Us Contact Us
San Pedro Garza García, Nuevo León, February 27, 2019 – Vitro, S.A.B. de C.V. (BMV: VITROA), hereinafter “Vitro” or the “Company”, the leading glass producer in North America, announced today that the Board of Directors approved the investment of USD$60 million in new technologies. The Executive Team will be working over the next 18 months to implement these investments according to the Board’s guidelines.
The investments will be focused on North America to reinforce Vitro’s market leadership in automotive glass, supplying both original equipment manufacturers and aftermarket customers.
“The auto industry is being disrupted,” said Adrian Sada, CEO of Vitro , “and our investments include a series of technologies aimed at aligning our capabilities to become the supplier of choice for advanced auto glass solutions in windshields, coatings, laminated sidelites and sunroofs.”
Over the past four years, Vitro Automotive invested more than $78 million across operations in state of the art process capabilities. These investments firmly position Vitro Automotive at the pinnacle of innovation to serve the auto industry.
“SUV growth, electrification, augmented reality displays, connectivity, emissions regulation, safety, acoustics, weight reduction, advanced sensors, advanced antennas, energy-efficient technologies and new mobility models are the disruptors that create the need for new solutions in windshields, windows and sunroofs,” Salvador Minarro, President of Vitro Automotive Glass said. “Vitro is committed to supplying the product solutions needed on the automobiles of the future.”
Site locations for new investments are being finalized.
Vitro, S.A.B. de C.V. (BMV: VITROA) is the leading glass manufacturer in Mexico and one of the world's major companies in its industry, backed by more than 100 years of experience. Founded in 1909 in Monterrey, Mexico, the Company has subsidiaries in the Americas, offering quality products and reliable services to meet the needs of two businesses: flat glass and glass containers. Companies of Vitro produce, process, distribute, and market a wide range of glass articles, which are part of the daily life of thousands of people. Vitro offers solutions for multiple markets, including architectural and automotive as well as cosmetic, pharmaceutical and toiletries. The
Company is also a supplier of chemical products and raw material, machinery, molds and equipment for industrial use. As a socially responsible organization, Vitro works on several initiatives aligned to its Sustainability Model, aiming to create a positive influence in the economic, social, and environmental aspects relevant to its stakeholders, in a responsible corporate management framework. For more information, please visit: www.vitro.com.