Mexico’s Vitro is to invest more than $146 million (1.777 billion pesos) to increase its melting capacity in its glass containers and automotive glass divisions.
The amount is a 65% rise on the amount it invested in 2012, said CEO Adrian Sada Gonzalez.
The money will also be used to improve equipment and facilities to strengthen its market position, he added.
He said 89% of the budget will go to operations in Mexico, mainly to increase the manufacturing capacity of some of the furnaces and to improve and update its plants.
