Vitro, the leading glass producer in Mexico, invests nearly $90 million dollars for the construction of a new plant to manufacture glass containers in Brazil.The new plant starts its operations in 2016.
This glass containers serve's the cosmetics, fragrances, and specialty segments.The Company will strengthen its presence in the South American country with the highest per capita consumption of cosmetics, which is also one of the two largest markets in the world for this segment.
The main advantages of this investment is that a significant portion of its customers in glass industry, to which Vitro has served for years from Mexico, have significant operations in the region.
Adrian Sada Cueva, CEO of Vitro said “Our manufacturing presence in Brazil will help to consolidate our position as one of the leading players in the global market for cosmetics and fragrances, with a multi-regional presence that will serve our customers better”.
|Estimated Cost||$147 million|