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Vitreous Glass Inc. is a Canadian company that recycles glass, primarily from post-consumer beverage containers, into a finely ground sand and gravel substitute called 'Aglasco' or 'Vitreous Glass Aggregate' (VGA). The company operates a single facility in Airdrie, Alberta, where it processes glass collected through municipal recycling programs and private contracts. Vitreous Glass serves markets in Alberta and surrounding regions, with its products used primarily in construction applications such as pipe bedding, backfill, and landscaping.
Proprietary glass recycling technology that processes post-consumer glass into usable aggregate products
Vitreous Glass represents a niche player in the recycling and construction materials sector with exposure to environmental sustainability trends. The company's specialized glass recycling technology provides a competitive advantage in its regional market, but its small scale and single-facility operation present significant concentration risks. Investment potential is tied to the company's ability to secure long-term municipal contracts and expand its product applications beyond current regional limitations. The micro-cap nature of the stock carries inherent liquidity and volatility risks that investors should carefully consider.