Colombian President Ivan Duque visited Tecnoglass's manufacturing plant in Barranquilla during the IDB annual meeting
The Chief Executive visited two of the most technologically advanced architectural glass renovation facilities in the world; a low-e glass factory laminated glass manufacturer for improving energy efficiency, and a fully automated tempering and laminated glass manufacturing factory at the Tecnoglass headquarters
Barranquilla, Colombia, March 19, 2021 (Global News Agency)-Tecnoglass, Inc. (NASDAQ: TGLS) ("Tecnoglass" or "Company") is a building glass, window and related aluminum Leading manufacturer of products, serving the global residential and commercial end markets. During the Inter-American Development Bank (IDB) annual meeting in Barranquilla, Colombia, Colombian President Iván Duque Márquez (Iván Duque Márquez) The company's manufacturing plant held a reception. The President was accompanied by Christian Daes, Chief Operating Officer of Tecnoglass, Margarita Cabello, Attorney General of the Republic, Carlos Felipe Córdoba, Auditor General of the Republic, Karen Abudinen, Minister of Information and Communication Technology, José Manuel Restrepo, Minister of Industry, Trade and Tourism, Wilson Ruiz, Minister of Justice, and Regional President Advisors Ana Maria Palau, Governor Atlantico Elsa Noguera, and IDB representatives Ignacio Corlazzoli and Tomas Bermudez.
"We hope to use this IDB conference to help increase foreign investment in Colombia; our country is well positioned to produce products for export to many different markets; we have some of the best labor in the region."
Since 2015, Tecnoglass has made capital expenditures of approximately US$200 million to meet its accelerated growth and the ever-changing industry needs in terms of innovation, technology and efficiency. President Duke and senior Colombian public officials and IDB executives witnessed the latest and most advanced glass transformation technology, including the production of low-e, energy-saving glass soft coating factory, this is the only such factory in Colombia and South America The second plant; and the only fully automated glass tempering and laminating plant in Latin America. This new technology not only improves efficiency, but also helps the company's ESG efforts to reduce material waste and energy consumption, in line with the company's mission and global sustainable development trends.
The president emphasized that the company has developed into a high-tech business with value-added components, enabling it to penetrate the US market and become one of the largest companies in the industry. He also emphasized the company's leadership in seeking sustainable and socially responsible operations, and continued to invest in energy efficiency through its products and its own operations. In addition, Mr. Duke emphasized the company's role in supporting regional communities by becoming one of the largest employers in the region and providing medical and food supplies during the pandemic, while maintaining workforce employment during this challenging time.
Christian Daes, Chief Operating Officer of Tecnoglass, commented: “We are very proud of this visit by President Duke, senior government officials and IDB executives. Through this meeting, we reaffirm our commitment to Barranquilla and Colombia. Take our ESG work as a priority and part of our mission to contribute to the continued economic recovery and continue to prioritize sustainability.” Due to Barranquilla’s progress in economic, industrial and cultural affairs, and labor quality. Development, it is increasingly positioned as the main destination for investors. “In the past two years, we have invested nearly US$50 million to modernize our factories, automate glass and aluminum manufacturing processes, and increase the productivity of our employees,” said Christian Daes. "2021 will be a record year." From many perspectives and financial indicators, this is true for Tecnoglass. There is no doubt that transforming economic success into the well-being, development and prosperity of the region and the country is part of our mission. "
As the head of the Colombian delegation at the Inter-American Development Bank Annual Conference Forum, President Ivan Duque connected Barranquilla with the 48 member states, entrepreneurs and leaders participating in this summit, opening up an opportunity for the world Window. "We are excited about what is happening in the context of this important annual meeting, which makes us a prosperous and hardworking city with the best workforce," Daes concluded.
Tecnoglass Inc. is a leading manufacturer of architectural glass, windows and related aluminum products, serving the multi-family, single-family and commercial end markets. Tecnoglass is the second largest glass manufacturer serving the United States and the number one architectural glass renovation company in Latin America. The company's 2.7 million square feet, vertically integrated, and state-of-the-art manufacturing complex in Barranquilla, Colombia provides efficient channels for more than 1,000 global customers, of which the United States accounts for more than 90% of revenue. Tecnoglass's tailor-made high-end products appear in some of the most distinctive places in the world, including the Thousand People Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (New York), Hub50House (Boston) , El Dorado International Airport (Bogotá), Plaza One (Medellin), Crystal Palace (Barranquilla). For more information, please visit www.tecnoglass.com.
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