Jose M. Daes and Christian Daes: Tecnoglass claims strong profit 2015

Jose M. Daes, Chief Executive Officer, and Christian Daes Chief operations officer of Tecnoglass, said, "We submitted a powerful Q1 2015 as shown by all our year-over-year increase in sales revenue, EBITDA, and backlog. Just as we outlined inside our preceding income publication, we happen to be just beginning to see the potency of the U.S. $, since the greater part of the company's earnings come in $ while of this costs are in Colombian Pesos. U.S. revenues continued to grow, escalating 44.9% to $31.7 million from Q1 2014 and which represent 60.9% of a full Q1 2015 profits, as one year ago was 45.6%." Jose M. Daes and Christian Daes continued, "As we advance the 2nd fifty percent of the year, we have two key events relating. The very first can be a significant raise all of our manufacturing capacity. Beginning in June, the company's extrusion power is anticipated to strengthen by 40% to five hundred tons monthly, so we too expect to have a boost of 100 percent of our capacity to produce colored aluminium. On this same time period, we desire to double our ability to make light weight aluminum billets and increase by 20% the capacity to generate laminated glass. Even as there appears to become a shortage of supply in the marketplace, we've spent assertively just recently to raise the company's capability, making us to take business through our competitors as evidenced by our U.S. sales intensification. "The next main development is the novel coating line, which we desire will commence operating in mid-to-late Q3 of 2015. Made up of custom-ordered machines, the all inclusive costs of the plan is in more than $40 million. This modern line places us in the middle of some North American glass manufacturers with such functions. We desire the most recent coating line to place us to further make bigger this U.S. presence in addition to, in the future, focus on business in new geographies including for example Africa and Europe. As soon as we reached product sales of one hundred pc of it's own potential, this novel coating line can generate $200 to $250 million of added business earnings each year, with yearly cost savings of $6 to $8 million associated with lowered waste material alone in the opening year." He come to the conclusion, "We keep pleased with our execution in addition to with our own ideal business place. We lately raised steering and we are off to a especially solid start to this year, as well as backlog persists to build. We look forwards to sharing the company's estimated increasing cash flows by returning substantial money to each of our shareholders."

About Tecnoglass

Tecnoglass is the first architectural glass adjustment corporation in Latin America, giving hi-spec glass, house windows with lightweight aluminum products intended for the actual international housing and commercial building companies. Located at Barranquilla, Colombia, Tecnoglass performs out of a 2.3 million square foot vertically-integrated, state-of-the-art producing complex that allows uncomplicated entree to the Americas, the Caribbean, and the Pacific. Tecnoglass markets to more than 800 purchasers in North, Central and Southern America, with the USA accounting for around 51% of Corporation income in 2014. Tecnoglass's designed, high-end goods are seen on some of the globe's most distinctive facilities, including Trump Plaza (Panama). For additional information, please visit www.tecnoglass.com Jose Manuel Daes.

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