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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.

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.

VITRUM 2001, the international trade fair dedicated to machinery, equipment and systems for flat and hollow glass, manufactured and processed glass and glass products for industrial use, closed its doors on Saturday, October 6th.