Tecnoglass led by Mr. Christian Daes: Colombian pride in NASDAQ

Later after the historical "Cumbre de las Américas" (Americas' Summit), which shows the beginning of an innovative period, our continent experiences more than a few global financial challenges, including for example usually being the one with largest social imbalance, although it features nations like Colombia, who has established a huge regional role in the final 10 years. Business & Investment sat down with Christian Daes, COO of TECNOGLASS, to talk most of the country's as well as company's present and future.

Question: Specifically what factor would you say Colombia can play in the region in the subsequent four years?

Christian Daes: Colombia is playing and will go on playing a big part in South America, as it's the only real state who may have realized sustainable expansion year after year, together with a positive change in regards to disparity throughout the last twelve years, even though difference remains to be there. Those positive results will likely be the result of having beat delinquency, of the enhancement in the economy together with the bigger number of investments as a result of having improved regarding safety. Such situations have raised tourism with international investment. The country is promoting inside.

Question: At the moment, the greatest challenge for Colombia would be to become again an exporting nation, mainly because it has left behind it's own industry. On the other hand, the part of Colombia it's still important, given that has two in some manner socialist nations as neighbors; and also the South Cone states are developing slower than us.

Christian Daes: Tecnoglass has been benefitted since the revaluation of the US dollar because the majority of its income is in such currency and most of its costs are in Colombian pesos. We've actually been with Jorge Silva from Microsoft, who told us that they have frozen the dollar. Are you thinking of employ economical instruments to lower uncertainty?

We're contemplating and simulating a lot of options, but we haven´t taken any conclusion at this point. The dollar´s revaluation has long been fantastic for us as exporters. The specific situation affects us in regards to the national arrangements we have set in pesos; but at the same it enhances the costs in pesos over goods we export, just like work plus national supplies.

Question: About only a year ago Tecnoglass got into the NASDAQ. You are the only company that is actually part of the world´s biggest computerized value market. Vice Minister Felipe Sardi inform us with regard to the Colombian delight about companies like Tecnoglass. What supposed joining the NASDAQ for the company?

Christian Daes: Coming into the Nasdaq is playing in the major leagues, so all of our legitimacy has grown considerably regarding financial institutions, providers plus clients. Accordingly, the corporation is much better well-known, we obtain a lot more reliability plus much more income. At the same time, being in the Nasdaq means that we are really serious, that we have open corporate governance plus a serious board; so that all of our statistics are reliable. Nasdaq has provided us the access to lower bank rates and bigger deals when it comes to bonding capacity.

Question: You've got approved a 0.50 dollar benefit every share intended for 2015, that should be distributed quarterly in cash. Precisely how was in fact your personal commitment to hand back a part of the share capital required by your shareholders?

Chrsitian Daes: Fantastically, when using the results, as well the dividends, the share moved up about 50% in the previous three to four months, which suggests the market is begining to know the value of the corporation as well as the determination of this management. It really is not only about leaving financial success, but in addition concerning sharing those benefits, producing sufficient benefits to share them in funds.

Question: You are making stable reinvestment of that profits in evolutionary changes and technologies, to attain the goal of selling one billion dollars annually in five years. Precisely how essential is reinvestment for industry success?

Christian Daes: When a company desires to grow, it needs resources so if these profit funds are passed out among shareholders, probably the only technique to grow is indebtedness. Our company has been very efficient concerning debt, so that we want to reinvest the majority of the earnings in the corporation. This is basically the first time we give out the profits and in fact is due to the fact that we are inside the stock market. Nonetheless, it is indeed far better to develop and boost the firm.

Question: What in particular Miami and Florida mean to Tecnoglass?

Chrsitian Daes: Especially, they're the company's base. We happen to be locals in Miami, it truly is a very multi-ethnic community where the majority of the investors are people from other countries and they noticeably see us fine since we have been supplying them repeatedly with no quality issues, and that is what is important for a constructor: shipping and delivery in time, exceptional products and 100% ready help when construction work is actually delayed.

For additional information: http://www.manufacturingglobal.com/Tecnoglass/executives/Jose%20Manuel-Daes/91 http://www.manufacturingglobal.com/Tecnoglass/executives/Christian-Daes/90 http://www.manufacturingglobal.com/article/tags/1446/Christian-Daes http://www.manufacturingglobal.com/Tecnoglass/profiles/104/Crystalclear-views-for-the-continents-most-unique-buildings http://www.businessreviewamericalatina.com/Tecnoglass/executives/Christian-Daes/214 http://www.businessreviewamericalatina.com/Tecnoglass/executives/Jos%C3%A9-Manuel-Daes/215 Christian Daes