Tecnoglass with Mr. Christian Daes: A NASDAQ Colombian pride

Right after the historical "Cumbre de las Américas" (Americas' Summit), which shows the starting of a whole new moment, most of the continent deals with some economic challenges, for instance really being the one with largest social imbalance, even though it features nations like Colombia, which has established a major area role in the past decade. Business & Investment sat down with Christian Daes, COO of TECNOGLASS, to speak the country's as well as the company's present and future.

Question: Specifically what factor do you feel Colombia can play in the community within the subsequent four years?

Christian Daes: Colombia plays and will go on playing a huge role in Latin america, because it's the one nation which has obtained maintainable expansion every year, besides progress when it comes to difference during the past twelve years, even though some difference continues to be there. These achievements are the result of having get over delinquency, of the enhancement of the economic environment along with the increased array of investments as a result of having improved regarding safety. These types of conditions have risen tourism as well as international investment. The nation has changed inside.

Question: In our time, the greatest challenge for Colombia should be to turn into again an exporting country, as it has ignored it's own industry. However, the part of Colombia it's still critical, because it has two somehow socialist countries as neighbors; together with the South Cone countries are developing not as fast as us.

Christian Daes: Tecnoglass has been benefitted from the revaluation of the US dollar as most of the income is in such currency and the most of its expenses are in Colombian pesos. We've actually been with Jorge Silva from Microsoft, who tell us that they have frozen the dollar. Do you think you're about to apply financial resources to cut back uncertainty?

We're imagining in addition to simulating plenty of choices, however we haven´t made any decision to date. The dollar´s revaluation is suitable for us as exporters. The circumstance is affecting us in connection with the general long term contracts we have set in pesos; nonetheless at the equivalent it enhances the costs in pesos over products we export, for example manual labor along with national materials.

Question: Nearly one year ago Tecnoglass entered the NASDAQ. You are the only company that really is part of the world´s largest digital value market. Vice Minister Felipe Sardi let us know about the Colombian pride about firms just like Tecnoglass. What meant getting into the NASDAQ for the business?

Christian Daes: Going into the Nasdaq is playing in the big leagues, so all of our trustworthiness has risen greatly regarding financial institutions, service providers plus customers. Consequently, the corporation is better branded, we have far more reliability and more revenue. Also, being in the Nasdaq signifies that we are serious, that we have clear corporate governance and a really serious board; and that also the company's numbers are proven. Nasdaq has provided us the access to lower bank rates and bigger arrangements regards to bonding capability.

Question: You have authorized a 0.50 dollar benefit for every share for 2015, for being distributed quarterly in cash. Just how became your own commitment to send back part of the share capital appreciated by your shareholders?

Chrsitian Daes: Fantastically, having the positive results, together with dividends, the share went up about 50% during the last three to 4 months, as a result the market is starting to discover the value of the organization together with the commitment from the administration. It can be not just about leaving achieving success, but also regarding sharing those profits, getting sufficient gains to provide them in profit.

Question: You make steady reinvestment of your benefits in improvements in addition to technologies, so you can attain the goal of selling one billion dollars annually in 5 years. Precisely how essential is reinvestment for business success?

Christian Daes: Whenever a business wants to grow, it needs means and so if these profit funds are distributed amongst shareholders, then the sole method to rise is indebtedness. Our company has been exceptionally regular concerning debt obligations, so that we like to reinvest the majority of the earnings in the business. It is the first time we distribute the profits and it happens to be simply because that we are within the stock exchange. Having said that, it is usually advisable improve and improve the firm.

Question: Precisely what do especially Miami and Florida mean to Tecnoglass?

Chrsitian Daes: Specifically, they are the company's base. We are actually local folks in Miami, this is actually a exceptionally sophisticated metropolis where a lot of the investors are people from other countries and so they obviously consider us well seeing as our company is supplying them for several years without quality troubles, that makes what is vital for the constructor: release in a timely manner, exceptional products and ready assistance in the event the construction work is delayed.

To get more 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 Tecnoglass