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As it withdrew ratings due to the early payoff of all outstanding debt, Fitch recognized Tecnoglass' competitive cost structure, above-average growth profile supported by its solid order backlog, long-term relationships with customers and robust demand for its products.

The company also plans to open new warehouse clubs in Guatemala City, Guatemala and Bucaramanga, Colombia in the fall of 2021, and in Portmore, Jamaica in the spring of 2022. Once these three new clubs are open, the company will operate 50 warehouse clubs.

Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including the El Dorado Airport (Bogota), United Nations Plaza (New York), Icon Bay (Miami), and Salesforce Tower (San Francisco).

With the addition of this new Colombia club and the new clubs already under construction in Guatemala City, Guatemala, and the Kingston suburb of Portmore, Jamaica, PriceSmart expects to have 50 clubs in operation by spring 2022.

PriceSmart, Inc. (NASDAQ: PSMT) Net Merchandise Sales grew 2.8%, after negative 3.1% FX impact. Comparable Net Merchandise Sales decreased 1.7%, after 2.9% negative FX impact. E-Commerce Penetration was 2.8% of Total Net Merchandise Sales

"With this second factory in Colombia we're going to be able to source 100% of our glass needs from Colombia, from our joint venture factories. With the 2nd one given the fact that the first one is already at full capacity, we're going to be able to source everything, we're going...

The dividend will be paid on January 29, 2021 to shareholders of record as of the close of business on December 31, 2020. Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including the El Dorado Airport (Bogota), United Nations...

Tecnoglass (NASDAQ: TGLS) has completed its delisting from Colombia's BVC stock exchange to focus on the US based NASDAQ, where over 99% of its trading volume already takes place.

Tecnoglass (NASDAQ: TGLS) just closed on a $300 million USD credit facility from a syndicate of banks. In this Finance Colombia exclusive interview with CFO Santiago Giraldo, he also explains the company's innovative stock-for-land real estate deal for the site of their new...

With a new $300 million USD senior secured credit facility consisting of a $250 million delayed draw term loan and a $50 million committed revolving credit facility, Tecnoglass expands its borrowing capacity, significantly reduces cost of capital, lowers interest expense by an...