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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.

Demand for flat glass in the United States is forecast to rise three percent per year to almost seven billion square feet in 2005, valued at $9.1 billion.

Imagine the frustration of knowing you had a world-class view out of your windows that you couldn't see properly. The property owners of Casa Caribe, Cancun, Mexico faced this problem on a daily basis.

Owens-Illinois, Inc., today announced that it has completed its acquisition of the Canadian glass container assets of Consumers Packaging Inc. for Cdn. $230 million (approximately US$150 million).