Vitreous Glass Inc V.VCI

Alternate Symbol(s): VCIGF

Building Materials Building Materials

Vitreous Glass Inc. is a Canada-based company, which is engaged in recycling glass. The Company cleans, crushes and sells waste glass to the fiberglass manufacturing industry in the province of Alberta. The Company creates GlasSand cullet for use in fiberglass insulation manufacturing. It operates a waste glass processing plant at Airdrie, Alberta. The plant gathers post-consumer waste glass from Alberta and elsewhere in western Canada, crushes it, removes contaminants, and sells the final product to three manufacturers of fiberglass building insulation for use as a raw material in their production facilities in Alberta. All production from the Company’s Alberta glass plant is sold to two large customers and one smaller one in the fiberglass insulation manufacturing industry in Alberta, which is heavily dependent on the level of housing starts in Western Canada and the Northwest United States. It ships products to its customers based on the customer’s day-to-day consumption estimates.

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Vitreous Glass Inc

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Post by fatcharlieon Apr 15, 2019 5:58pm

224 Views

Post# 29630257

Excellent place to park some cash

Last couple of weeks placed some cash here. Not a lot of uptake but great steady dividend with little downside. Bottom line a great place to park some cash for a year or so and get a great dividend. Seems to be also a great long-term hold also. All the best, Charlie.

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