[Mexico] Vitro Increases Spending Plan

Vitro's Financial Chief announced 3rd May 2007 that it has raised its capital expenditure plan for 2007 to US$ 230M (US$ 195M). In a conference call with analysts, CFO Enrique Osorio said USD 190M will be invested in the company's glass containers division & US$ 40M in flat glass. The container amount includes US$ 110M for maintenance & US$ 80M to expand capacity, Osorio said, noting additional container demand, particularly from brewers. Vitro reported 2 May 2007 that its sales rose 6% to US 603M in the 1Q 2007, with flat glass sales down 4.5% from 1Q 2006 to US$ 282M, & glass container sales up 17.6% to US$ 312M.