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jose m daes and christian

Jose M. Daes, Chief Executive Officer, and Christian Daes Chief operations officer of Tecnoglass
, stated, "We informed a steady Q1 2015 as reflected by our year-over-year growth in income,
EBITDA, and backlog.
Just as we noted within our previous income publication, we happen to be just beginning to use
the muscle of the U.S. $, as the majority of our revenue are actually in $ while nearly all of this
costs are in Colombian Pesos. U.S. income continued to grow, rising 44.9% to $31.7 million from
Q1 2014 along with which represent 60.9% of totality Q1 2015 profits, while just one year ago was
basically 45.6%."
Jose M. Daes and Christian Daes continued, "As we approach the 2nd half of the year, you could
see 2 essential occurrences relating. The very first is a important improvement in our own
manufacturing potential. From about June, all of our extrusion potential is expected to further
improve by 40% to 500 tons monthly, so we too look ahead to a boost of one hundred per cent of
that capability to manufacture coated light weight aluminum. During this same timeframe, we
desire to double all of our power to generate aluminum billets and increase by 20% this capacity
to create laminated glass. Whilst there appears to turn into a shortage of supply in the business,
we have spent aggressively in recent times to raise all our capacity, helping us to take market
share through our rivals as evidenced by our U.S. income intensification.
"The second important enlargement may be the innovative coating line, which we expect will
begin running in mid-to-late Q3 of 2015. Made up of custom-ordered machinery, the all inclusive
costs for the plan is in greater than $40 million. This amazing line seats us in the middle of a
handful of North American glass suppliers with these functions. We desire the newest coating line
to set us to further grow this U.S. presence as well as, ultimately, pursuit business in new
geographies for example Africa and Europe. The minute we reached product sales of one
hundred pc of its capability, this innovative coating line could generate $200 to $250 million of
additional business earnings for each year, by means of annual cost savings of $6 to $8 million
related with decreased waste alone in the initial year."
He come to the conclusion, "We keep on being satisfied with our capabilities along with our
strategic industry place. We lately raised steering and we are off to a exceptionally solid start to
this year, and backlog goes on to build. We look forwards to sharing our expected rising cash
flows by returning substantial capital to the company's shareholders."
About Tecnoglass
Tecnoglass is the very number one structural glass adjustment enterprise in Latin America,
offering hi-spec glass, windows and lightweight aluminum products intended for the top of the
world residential and commercial engineering firms. Based at Barranquilla, Colombia, Tecnoglass
works out of a 2.3 million square foot vertically-integrated, state-of-the-art producing complex that
grants effortless admission to the Americas, the Caribbean, and the Pacific. Tecnoglass offers to
more than 800 consumers in Northern, Central and South America, with the USA accounting for
just about 50% of Company revenues in 2014. Tecnoglass's personalized, high-end goods are
located on some of the earth's most distinctive properties, including Imbanaco Medical Center
(Cali). For much more data, please visit www.tecnoglass.com
Jose M Daes.
http://www.businesswire.com/news/home/20150331005547/en/Tecnoglass-Files-Form-12b-25Securities-Exchange-Commission#.VabhhPlVjWE
http://www.marketwatch.com/story/tecnoglass-awarded-40-million-contract-2014-09-24

http://www.laht.com/article.asp?ArticleId=2355243&CategoryId=13003
http://www2.rcnradio.com.co/noticias/un-colombiano-tocara-la-campana-de-la-bolsa-de-nuevayork-113301
http://www.marketwatch.com/story/tecnoglass-acquires-assets-of-rc-aluminum-industries-inc2014-07-07

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