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

Jose M. Daes, Chief Executive Officer, and Christian Daes COO of Tecnoglass, made a comment, "We accounted a strong Q1 2015 as shown by the year-over-year growth in profit, EBITDA, as well as backlog. Just as we said within our preceding earnings publication, we are beginning to see the strength of the U.S. $, because the largest portion of our own earnings come in us dollars while most of our costs are in Colombian Pesos. U.S. revenues continued to grow, escalating 44.9% to $31.7 million from Q1 2014 in addition to which represent 60.9% of totality Q1 2015 profits, as last year appears to be 45.6%." Jose M. Daes and Christian Daes continued, "As we come up to the other half of the entire year, we notice two important functions relating. At the first can be a significant increase in our own processing power. Starting in June, all our extrusion power is expected to increment by 40% to five hundred tons per 30 days, then we too expect to have an improvement of 100 percent of that capability to manufacture colored lightweight aluminum. In this particular same time frame, we expect to double our power to create aluminum billets and increase by 20% our capability to make laminated glass. Even as there will turn into a lack of supply available, we have now invested vigorously in recent years to enlarge the company's capability, permitting us to take share of the market from our competing firms as evidenced by our U.S. revenue increase. "The second important expansion is the new coating line, which we desire will commence functioning in mid-to-late Q3 of 2015. Consisting of custom-ordered machines, the all inclusive costs for the plan is in far more than $40 million. This new line places us amongst a handful of North American glass manufacturers utilizing these features. We desire the brand new coating line to position us to further expand the company's U.S. presence in addition to, ultimately, start business in new geographies which can include Africa and Europe. After we reach business of 100 percent of its potential, this novel coating line possibly will make $200 to $250 million of extra earnings a year, with annual cost savings of $6 to $8 million related with minimal waste material alone in the first year." He come to the conclusion, "We keep on being satisfied with our overall performance and with our own focused industry situation. We just recently raised direction and we are off to a exceptionally solid start to the year, plus backlog keeps to build. We look in advance to sharing our estimated rising cash flows by returning meaningful money to each of our shareholders."

About Tecnoglass

Tecnoglass is the very 1st architectural glass adjustment enterprise in Latin America, offering hi-spec glass, home windows and light weight aluminum products designed for the top of the worldwide residential and commercial engineering industries. Located at Barranquilla, Colombia, Tecnoglass operates out of a 2.3 million square foot vertically-integrated, state-of-the-art processing complex that delivers uncomplicated accessibility to the Americas, the Caribbean, and the Pacific. Tecnoglass provides to more than 900 clients in North, Central and Southern America, with the United States accounting for just about 51% of Corporation profits in 2014. Tecnoglass's customized, high-end products are seen on some of the world's most distinctive locations, including Imbanaco Medical Center (Cali). For more information, please visit www.tecnoglass.com Jose Manuel Daes.

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