Vitro will build a new glass packaging factory in Brazil

Mexican manufacturer of glass containers, Vitro, S.A.B. de C.V. (BMV: VITROA), will invest approximately $ 90 million for the construction of a new glass packaging plant in Brazil to meet the markets of cosmetics, fragrances, and special segments. "The expectation is that the new plant starts operating in the second quarter of 2016. Meanwhile, we will continue exporting to South America to our plant in Toluca ", States Adrián Sada Cueva, CEO of Vitro. He continues: "our industrial presence in Brazil will help us consolidate our position as a leader in the global market for cosmetics and fragrances, with a multi-regional presence that will better serve customers."