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Vitro Reports 8.2 Percent Decrease in Q3 Flat Glass Sales

Post Time:Nov 04,2013Classify:Industry NewsView:50

Vitro S.A. de C.V.reported lower sales in third quarter 2013, with consolidated net sales declining 6.1 percent year-over-year to $427 million. The glass manufacturer attributed the decline primarily to adverse weather conditions caused by hurricanes Manuel and Ingrid in Mexico this September and lower sales volumes, particularly in the flat glass and glass container segments.

Flat glass sales decreased 8.2 percent during Q3 2013 to $137 million, from $149 million in Q3 2012, mainly reflecting a decrease in float glass sales to the automotive market and a weaker average price mix in both construction and automotive segments, according to the Vitro report. Price pressures in some export markets, higher natural gas prices and lower capacity utilization in the OEM business impacted the results in the flat glass business unit, according to the report.

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Source: http://www.glassmagazine.com/news-item/fabrication/vitro-reports-82-percent-decrease-q3-flat-glass-sales-1311913Author:

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