VVP Holdings Corp history

1903: Company begins production of beer bottles.

Cristaleria was also established in 1936 to manufacture glassware.

By 1965 FIC also had added a bottling plant in Ciudad Obregon, and it entered the plastics field soon after.

Beginning in 1970, the company started exporting machinery and molds for glass to various American countries, including the United States.

Thus Ved Vasudev Pratishthan was brought into existence in 1980, nearly thirty two (32) years ago, by the founder President, Mr.

In 1981 it added plastic containers and machinery for making plastics to its products.

Nevertheless, because other companies did even worse, Vitro was the seventh largest of reporting Mexican companies in 1982, up from 12th the previous year.

The company also added enamelware cooking utensils to its products in 1985 and established a flat-glass joint venture with Pilkington Brothers of Great Britain that year.

Vitro's net sales came to 8.13 trillion pesos (US$2.89 billion) and net income to 611 billion pesos (US$217 million) in 1990.

In 1994 Regioplast, S.A. de C.V. was formed as a joint venture between Vitro and Owens-Illinois to manufacture plastic containers and caps.

By 1995, however, the latter beverage was falling in sales.

In 1996 it put up US$15 million more, but its share of the group fell to 11.4 percent.