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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.

The acquisition of America’s Applied Power Corporation provides Schott with a ticket to a market with good long-term growth potential.The goals are ambitious.

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.

Arch Aluminum & Glass has announced it has begun production of decorative silk-screened glass at its Orlando, FL glass fabrication facility. The company is manufacturing the new product in standard or custom patterns.