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Mexican glass maker Vitro SA said early on Tuesday that it will propose a 0.25 pesos-per-share dividend to investors at its annual shareholders meeting in March.

Vitro, the Mexican conglom-erate, sold its 51 per cent stake in Vitromatic, the white goods company, to Whirlpool of the US yesterday, in a deal valued at about Dollars 280m.

Glassmaker Pilkington plc (Saint Helens, United Kingdom) has closed one of its 11 U.S. glass plants. The closing, first announced in June of 1999, was originally scheduled for 2000 and then 2001, but was delayed due to market conditions.

PPG Industries will present the second annual PPG Design Challenge Awards to students of Detroit's College for Creative Studies (CCS) on Wednesday, Jan. 9, at 2 p.m. at Cobo Center, Detroit, in Suite O2-33.

Mexican glassmaker Vitro said that its third quarter operating profit fell sharply, hit by the strong peso currency and an economic slowdown at home and in the United states.