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TechSci Research expects auto production, government policies, and infrastructure spending to fuel ongoing growth in Colombia's tire market.

Tecnoglass plans to repay around $185 million in obligations and fund working capital needs with the funds.

Karim Mansour is replacing Enrique Türk, who served for five years as president of 3M Colombia and will move on to a regional operations role.

The Miami company is the largest importer and reseller of Tecnoglass products in the United States.

Some 400 exhibitors and close to 60,000 visitors from 30 countries are expected to meet in Medellín in May.

Fitch Ratings assigned the company an issuer default ratings of BB-. Moody's handed out its equivalent at Ba3 for the firm's corporate family rating.

The Barranquilla-based glass manufacturer is coming off a warrant exchange offer and the start of its quarterly dividend payment.

The highlights from this year's Feria de las Ruedas motorcycle show in Medellín.

This round of funding is Linio's fourth and brings overall capital-raising efforts to more than $260 million USD.

"We expect a substantial reduction of the warrant liability and an increase in shareholders' equity," said Tecnoglass CEO José M. Daes. in Colombia.