Tecnoglass and Schüco Announce a New Strategic Alliance
September 24 2018 - 7:00AM
- Creates Shared Distribution Network
Within the Americas -
Tecnoglass, Inc. (NASDAQ: TGLS) (“Tecnoglass” or the “Company”), a
leading manufacturer of architectural glass, windows, and
associated aluminum products for the global commercial and
residential construction industries, is proud to announce a new
alliance with Schüco USA LLLP (“Schüco”), a worldwide leader of
architectural systems headquartered in Germany, with more than 60
years of experience and a presence in over 80 countries. Schüco is
known for its expertise in the innovative design of building
envelopes, windows, doors and façade systems, for the construction
industry.
This new alliance will enable Tecnoglass to
manufacture and sell Schüco’s architectural systems to external
customers in North America and Latin America, alongside the
Company’s existing ESWindows products. Additionally, Tecnoglass
will extrude and paint aluminum profile designs as part of Schüco’s
global supply chain primarily for products sold in the United
States. This agreement will allow Tecnoglass to expand its
portfolio and offer more solutions to its clients with high-end,
renowned designs, while also becoming a key supplier for Schüco.
Through the alliance, both companies will be empowered to combine
their knowledge and expertise to strengthen their respective
go-to-market capabilities.
Christian Daes, Chief Operating Officer of
Tecnoglass, stated, “Schüco is a premier architectural systems
company with a globally recognized brand and a long-standing
reputation for excellence. This alliance is a remarkable
opportunity for Tecnoglass to serve new markets and expand its
offering of cutting-edge products. This is a win-win for both
companies, where jointly we will be able to take advantage of
Tecngolass’ state-of-the-art production facilities while sharing
each other’s established distribution networks across the Americas.
Schüco shares our passion for producing high-quality products, and
this powerful alliance aligns with our ambitious global expansion
plan.”
About Tecnoglass
Tecnoglass Inc. is a leading manufacturer of
architectural glass, windows, and associated aluminum products for
the global commercial and residential construction industries.
Tecnoglass is the #1 architectural glass transformation company in
Latin America and the second largest glass fabricator serving the
United States. Headquartered in Barranquilla, Colombia, the Company
operates out of a 2.7 million square foot vertically‐integrated,
state‐of‐the‐art manufacturing complex that provides easy access to
the Americas, the Caribbean, and the Pacific. Tecnoglass supplies
over 900 customers
in North, Central and South America, with the
United States accounting for more than 70% of revenues. Tecnoglass'
tailored, high‐end products are found on some of the world’s most
distinctive properties, including the El Dorado Airport (Bogota),
50 United Nations Plaza (New York), Trump Plaza (Panama), Icon Bay
(Miami), and Salesforce Tower (San Francisco). For more
information, please visit www.tecnoglass.com or view our corporate
video at https://vimeo.com/134429998.
Investor Relations
Santiago Giraldo, CFO
305-503-9062
investorrelations@tecnoglass.com
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