Vitro’s fourth quarter results for 2014 (Q4 2014) showed consolidated sales rose for the fifth consecutive year, mainly due to a strong performance in its glass container unit.
The increase of 0.8% would have translated to an increase of 5.1%, were it not for the effect of peso depreciation during Q4 2014.
Sales growth was primarily driven by sales in the domestic beer, soft drinks, and food categories.
Domestic beer sales were strengthened due to the first sales to Constellation, as per the contract entered into earlier in 2014.
As for flat glass, Vitro’s automotive business unit enjoyed growth, however sales of flat glass to the construction market were negatively affected by capacity constraints at one of the company’s float glass plants.
Repairs to this furnace have now been carried out, and it is no longer expected to affect future sales.