Vitro Reports Decline in Auto Glass Segment

Vitro S.A. de C.V., the Mexican based manufacturer of glass products, reported that for the second quarter of 2005 its sales were up 9 percent over the same period last year. Profits were back in the plus column at $37 million versus a loss of $41 million in the second quarter of 2004.

However, the company saw automotive sales decrease 2 percent from the same period in 2004, driven by a decline in domestic and exports volumes in the auto glass replacement segment. New platforms resulted in a 2 percent volume increase at the OEM segment over the second quarter of last year.

Sales from the company's foreign subsidiaries rose 17.5 percent from the previous year to a total of $153 million from $130 million. Sales at Vitro America rose by 6.4 percent, compared with the same period last year which the company credited to the U.S. construction continuing on an upward momentum.

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