President of Colombia, Iván Duque, Visits Tecnoglass’ Manufacturing Facilities in Barranquilla During IDB Annual Meeting
March 19 2021 - 7:00AM
Tecnoglass, Inc.
(NASDAQ: TGLS) (“Tecnoglass” or the
“Company”), a leading manufacturer of architectural glass,
windows, and associated aluminum products serving the global
residential and commercial end markets, hosted the President of
Colombia, Iván Duque Márquez, at the Company’s manufacturing
facilities during the Inter-American Development Bank (IDB) Annual
Meeting held in Barranquilla, Colombia. The President was
accompanied by the Chief Operating Officer of Tecnoglass, Christian
Daes, the Attorney General of the Republic Margarita Cabello,
Comptroller General of the Republic Carlos Felipe Córdoba, Minister
of Information and Communication Technologies Karen Abudinen,
Minister of Industry, Trade and Tourism José Manuel Restrepo,
Minister of Justice Wilson Ruiz, Presidential Advisor for the
Regions Ana Maria Palau, Governor of Atlantico Elsa Noguera, and
IDB Representatives Ignacio Corlazzoli and Tomas Bermudez.
President of Colombia, Iván Duque stated,
“Tecnoglass is an example of excellence which has been shown in the
way it has been able to penetrate a very strict and high-quality US
architectural glass market. We are proud and encouraged by its
growth trajectory and by how it has become a standard for a Company
that manufactures high quality, high value-added products and that
has become an international leader in the industry. We are also
proud about its efforts to help its employees and surrounding
communities during a very difficult period.”
"We want to take advantage of this IDB assembly
to help grow foreign investment into Colombia; our country is in an
advantageous location to create products to export into many
different markets; and we have some of the best labor force in the
region.”
Tecnoglass has made capital expenditures of
approximately $200 million since 2015 to meet its accelerated
growth as well as to address changing industry demands in terms of
innovation, technology, and efficiency. President Duque, as well as
the group of Colombian senior public officials and IDB executives,
witnessed the latest state-of-the-art technology in glass
transformation including the soft coat plant to manufacture
low-emissivity, energy-efficient glass, the only such plant in
Colombia and the second one in South America; and a fully automated
glass tempering and laminating plant, the only one of its kind in
Latin America. This new technology has not only improved
efficiency, but also contributes to the company´s ESG efforts to
reduce material waste and energy consumption, in line with the
Company’s Mission and with global sustainability trends.
The President highlighted the Company’s
evolution into a highly technological operation with value-added
components that have allowed it to penetrate the U.S market,
becoming one of the largest companies in the industry. He also
highlighted the Company´s leading role in seeking a sustainable and
socially responsible operation, consistently investing in energy
efficiency through its products and its own operation.
Additionally, Mr. Duque emphasized the Company’s role in supporting
regional communities by becoming one of the largest employers in
the region and by providing medical and food supplies during the
pandemic while keeping its labor force employed during this
challenging time.
Christian Daes, Chief Operating Officer of
Tecnoglass commented, “We take great pride in this visit from
President Duque, senior government officials and IDB executives.
With this encounter, we reaffirm our commitment to Barranquilla and
Colombia to contribute to the ongoing economic recovery and to
continue prioritizing sustainability by making our ESG efforts a
priority, and part of our Mission.” Barranquilla has increasingly
been positioned as a key destination for investors due to its
advances and evolution in economic, industrial, and cultural
matters, and quality of workforce. “We have invested close to US$50
million in the last two years to modernize our plant, automating
processes to manufacture glass and aluminum, while increasing the
productivity of our employees," said Christian Daes. “2021 is
turning out to be a record year for Tecnoglass from many points of
view and financial indicators. Without a doubt, it is part of our
mission to transfer that economic success into well-being,
development and prosperity for the region and the country.”
Santiago Giraldo, Chief Financial Officer of
Tecnoglass added, “The President’s visit accompanied by the IBD
annual assembly in Barranquilla evidences the confidence in the
region and the country. We will take this opportunity to solidify
relationships with the IBD Executives and our export and trade
agencies to explore the penetration of new markets and to seek the
continued overseas growth of the Company.”
As head of the Colombian Delegation in the forum
of the IDB Annual Meeting, President Ivan Duque connects
Barranquilla to 48 member countries, entrepreneurs and leaders that
participate in this summit, opening a window of opportunities to
the world. "We are excited for everything that is happening in the
context of this important annual meeting, which makes us visible as
a thriving and hard-working city that has the best workforce,"
concluded Daes.
About Tecnoglass
Tecnoglass Inc. is a leading producer of
architectural glass, windows, and associated aluminum products
serving the multi-family, single-family and commercial end markets.
Tecnoglass is the second largest glass fabricator serving the U.S.
and the #1 architectural glass transformation company in Latin
America. Located in Barranquilla, Colombia, the Company’s 2.7
million square foot, vertically-integrated and state-of-the-art
manufacturing complex provides efficient access to over 1,000
global customers, with the U.S. accounting for more than 90% of
revenues. Tecnoglass' tailored, high-end products are found on some
of the world's most distinctive properties, including One Thousand
Museum (Miami), Paramount (Miami), Salesforce Tower (San
Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto
Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de
Cristal (Barranquilla). For more information, please visit
www.tecnoglass.com.
Press Contact
Cristina Posada Dieppa Communications Director
Cristina.posada@tecnoglass.com
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