Vitro’s third quarter 2014 results show consolidated sales have increased by 1.3% year-on-year, driven by positive results in the glass containers business unit.
Consolidated sales were up 1.3 percent year-on-year to US$433 million, driven by a 6.8% increase in sales in the glass containers business unit across all segments, except CFT (Cosmetics, Fragrance and Toiletries).
During the last quarter Vitro has achieved important milestones that should secure future profitable growth for the company.
Vitro has secured a long-term contract to supply beer bottles to Constellation Brands, with an estimated sales value of approximately US$950 million over the next seven years.
The Vitro board has also authorised an investment for a furnace in Brazil to supply the CFT market.
In the Flat Glass business unit, a solid performance in sales to the automotive market partially compensated for the impact of lower domestic and export sales to the construction segment.