Agencia EFEApril 30, 2013 15:01
Mexico City, Apr 30 (EFE).- Mexico's Vitro, one of the world's largest glassmakers, said it planned to invest 1.77 billion pesos ($146 million) in different projects this year.
"The authorized amount represents an increase of 65 percent compared to the investment carried out in 2012," Vitro chairman Adrian Sada Gonzalez said in a filing with securities regulators.
The investment will be used to boost capacity at the Envases y Vidrio Automotriz unit, as well as to improve equipment and facilities, in an effort to consolidate the company's market-leading position, Sada said.
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