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.

TSXV:VCI - Post by User

Vitreous Glass Inc

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Post by fatcharlieon Jan 20, 2020 3:47pm

226 Views

Post# 30574724

Like Clockwork

Special dividend coming same time as last year. Not much movement but the dividends more than make up for the low volume. Insiders seem to be rewarded same as other shareholders with special dividends that are pretty steady. I would have thought we would have moved up to around $3.75/share based on the dividends. Guess people are more interested volatile sectors like cannabis and not steady Eddys like VCI.

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