Mexican manufacturer Vitro is to increase its flat glass production capacity in an $85 million expansion.
It will construct a float glass furnace in the country that will become operational in 2017. It means the company will have four furnaces in operation upon completion of the construction.
In addition to the expansion, its float glass furnace in Mexicali will be repaired in mid-2016 that will also be used to expand its production capacity.
The company said it would take advantage of some equipment in good condition from the float glass furnace that was closed in Mexico City in 2006.
The company expects to see growth in the domestic automotive and construction industries.
“This decision will enable us to support our customers’ growth in the automotive and construction segments in the coming years and to continue generating future value for our shareholders”, said Adrian Sada Cueva, Vitro CEO.
