MEXICO CITY, April 29 (Reuters) - Mexican glassmaker Vitro,
which recently ended a legal battle with creditors over its 2011
bankruptcy, said on Monday it will increase its business
investment by 65 percent this year after reporting a
double-digit jump in revenue in 2012.
The Monterrey-based company, which makes flat glass as well
as glass containers for cosmetics and other uses, said in a
statement it plans to invest 1.777 billion Mexican pesos
($146.58 million) mainly to increase capacity and modernize
Mexican businessman David Martinez' Fintech fund in March
agreed to buy debt held by U.S. hedge funds that were fighting
Vitro in court for payment, in return for a 13 percent stake and
$235 million in debt.
Vitro shares closed down 5.66 percent at 27.25 pesos on