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Santander raises Mexican glass maker Vitro to hold
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…
Mexico's Vitro approves dividend payment, spinoff
Shareholders of Mexican glass giant Vitro approved on Thursday the payment of a dividend of 0.25 peso per share.
Mexico's Vitro to propose share dividend
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.
Sale by Vitro allows focus on glass business
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.
US flat glass demand to reach nearly 7 billion square feet in the year 2005
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.
Mexico's Vitro operating profit slumps
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.