MEXICO CITY, June 22 (Reuters) - Mexican glass maker Vitro, which has defaulted on its debt, said on Monday it is canceling its New York-traded American Depositary Receipts to cut costs.

Monterrey-based Vitro (VITROA.MX: Quote, Profile, Research) said the ADRs (VTO.N: Quote, Profile, Research) would no longer be available as of Aug. 24, partly because of low trading volume. (Reporting by Noel Randewich; Editing by Phil Berlowitz)