Auto Glass Sales Increase 15.3 Percent for
Vitro's Third Quarter
October 29, 2012
Third quarter automotive glass sales increased 15.3 percent, displaying
growth in the Original Equipment Manufacturer (OEM) market by 13
percent and 3 percent growth in the AGR market, according a Vitro
According to the report, "The automotive glass business unit
has been experiencing very high utilization rates, which have restricted
volume available for AGR sales. In the coming months we expect reduced
utilization levels as we work with our US clients to phase out some
programs which will allow us to focus on the AGR market and open
capacity for the growing Mexican OEM market."
Third quarter flat glass sales rose 7.9 percent to $149 million
compared to last year's 2011 third quarter results of $138 million.
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