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Santander Central Hispano said Monday it has raised its recommendation on Mexican glass maker Vitro SA (VTO) to 'Hold' from 'Underperform.'The upgrade was based on the stock's new valuation following news that Vitro will…

Shareholders of Mexican glass giant Vitro approved on Thursday the payment of a dividend of 0.25 peso per share.

With its 1999 goal of sales expansion outside Europe, Saint-Gobain Technical Fabrics set up a fabric cutting unit in Mexico for grinding wheels, in November 2001.

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.

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.