Vitro Q3/09 Sales Decline

Glass manufacturer Vitro reported a 36.9% decline in consolidated net sales for the third quarter of 2009, compared to the same period 2008. The company attributes the result to a 25% depreciation in the Mexican peso in the last 12 months, lower volumes and the deconsolidation of Comegua - its glass container venture in Central America in December 2008.

Author
Un-named
Origin
Unknown
Journal Title
Glass International November 2009 3
Sector
News Items
Class
N 2400

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Vitro Q3/09 Sales Decline
Glass International November 2009 3
N 2400
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