Vicesa will Invest in Upgrading its Plant

The $20 million obtained through bond sales will be used to upgrade production facilities and paying short term debts.

Tuesday, August 11, 2009

Vidriera Centroamericana (Vicesa) is a Costa Rican company that produces glass casings. It will spend $7.8 million in purchasing technology to increase productivity in its facilities.

"The remaining $12.2 million will be used to pay short term obligations in dollars. This was the first bond sale done by the company, and its underwriter was E3 Corp", reported Nacion.com.

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