Jose M. Daes and Christian Daes: Tecnoglass claims solid results 2015

Jose M. Daes, CEO, and Christian Daes COO of Tecnoglass, made a comment, "We reported a steady Q1 2015 as shown by our own year-over-year improvement in sales revenue, EBITDA, and backlog. Just as we stated in our preceding earnings publication, we are actually commencing to experience the muscle of the U.S. $, as the most of our business earnings are in us dollars although many of our expenses are in Colombian Pesos. U.S. gross income continued to grow, increasing 44.9% to $31.7 million from Q1 2014 plus that represent 60.9% of totality Q1 2015 revenue, as only a year ago was 45.6%." Jose M. Daes and Christian Daes went on, "As we come up to the second fifty percent of the entire year, we see two crucial events relating. The 1st can be described as major raise the company's developing potential. From June, the company's extrusion potential is expected to strengthen by 40% to five hundred tons per month, then we too look forward to an improvement of one hundred pc of our own capacity to create coated aluminium. In this particular same time period, we expect to double all of our ability to create lightweight aluminum billets and increase by 20% this capacity to generate laminated glass. Even as there will turn into a lack of supply available, we have now invested aggressively in recent years to boost our potential, making us to take market share away from competition as evidenced by our U.S. income expansion. "The second critical expansion is the new coating line, which we expect will begin functioning in mid-to-late Q3 of 2015. Composed of custom-ordered systems, the all inclusive costs for this development is in more than $40 million. This new line seats us between a number of North American glass manufacturers with these features. We desire the new coating line to set us to further improve this U.S. presence and, after a while, run after business in new geographies namely Africa and Europe. Once we achieve deals of one hundred pc of it's own capability, this novel coating line can generate $200 to $250 million of added profits per year, by way of yearly cost savings of $6 to $8 million connected with lowered waste alone in the initial year." He finished, "We remain satisfied with our overall performance in addition to with our focused business place. We lately elevated advice and we are off to a exceptionally strong start to this year, plus backlog goes on to build. We look forward to sharing the company's anticipated growing cash flows by returning important funds to the company's shareholders."

About Tecnoglass

Tecnoglass is the actual first industrial glass adjustment business in Latin America, delivering hi-spec glass, windows along with lightweight aluminum goods designed for the actual worldwide residential and commercial construction industrial sectors. Based at Barranquilla, Colombia, Tecnoglass works out of a 2.3 million square foot vertically-integrated, state-of-the-art manufacturing compound that delivers easy admission to the Americas, the Caribbean, and the Pacific. Tecnoglass offers to more than eight hundred users in North, Central and Southern America, with the United States accounting for about half of Corporation revenues in 2014. Tecnoglass's customized, high-end goods are found on a number of of the earth's most distinctive locations, including the El Dorado Airport (Bogota). To get more data, please check out www.tecnoglass.com Jose Manuel Daes.

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