Christian Daes, CEO, said: "It is a very important moment for Tecnoglass. We remain on track to report record results for 2015 and 2016, and we are taking steps to raise our profile in the industry, increase productivity and expand our operations”.
He noted that during the second quarter into operations began on a new extrusion line with a 450 tons per month capacity, a profile painting line and the latest in glass laminating technology.
The projection for the end of the year is to begin operating two more production lines, with which significantly increase the capacity of lamited insulating glass.
New ‘Soft Coat’ Glass Plant (low emissivity)
Daes announced that a new plant for the production of ‘Soft Coat’ glass (Low-E) will soon enter production at its plant in Barranquilla with an investment of USD$43 million. This cutting edge German technology will allow the company to reduce the cost of waste generated by the limitations of the standard sizes in the market for this type of glass.
The Soft Coat Low-E glass has properties that only allow the passage of light, retaining the exterior and interior glass temperatures, resulting in an increased level of efficiency in air conditioning systems in buildings.
The company estimates that the new plant will generate an estimated saving by waste between USD $6 million and $ 8 million per year and it allows the possibility of new sales of over USD $200 million annually.
At launch, the plant will run at 15% of its capacity of more than 7 million square meters per year, to meet the current demand for window frames with Soft Coat and the remaining 85% of capacity, will be addressed in the next two to three years.
Source: El Heraldo