Category

The quarterly dividend of $0.125 per share will be payable on April 28, said Tecnoglass earlier this month.

Colombia is poised to further increase its already-substantial market share in South America, outpacing every country except for Brazil.

Tecnoglass says the $35 million USD acquisition will diversify its distribution network and strengthen its position in the United States.

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.