Vitro S.A.B. de C.V. recently announced that its board of directors has approved the investment of $60 million in new technologies. The company’s executive team will be working over the next 18 months to implement these investments according to the board’s guidelines.
The investments will be focused on North America.
“The auto industry is being disrupted,” says Adrian Sada, CEO of Vitro, “and our investments include a series of technologies aimed at aligning our capabilities to become the supplier of choice for advanced auto glass solutions in windshields, coatings, laminated sidelites and sunroofs.”
This investment follows a $78 million investment spread out over the past four years in the company’s process capabilities, according to the company.
“SUV growth, electrification, augmented reality displays, connectivity, emissions regulation, safety, acoustics, weight reduction, advanced sensors, advanced antennas, energy-efficient technologies and new mobility models are the disruptors that create the need for new solutions in windshields, windows and sunroofs,” says Salvador Minarro, president of Vitro Automotive Glass. “Vitro is committed to supplying the product solutions needed on the automobiles of the future.”
Site locations for new investments are being finalized.