The manufacturer says it has been impacted by a shortage of shipping containers leading to steep increases in shipping costs, along with the fall in the Colombian peso, making their products more expensive.
55% of Colombians support more trade barriers to imports of foreign goods and services, while a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country.”
Tecnoglass raises Full Year 2021 Growth Outlook to Adjusted EBITDA1 of $115 Million to $125 Million on Total Revenues of $420 Million to $435 Million. Record Cash Flow From Operations of $29.0 Million Marks 4 Straight Quarters of Exceptional Cash Generation and Supporting Further...
Latin America could continue to benefit from re-shoring as the U.S. seeks to reduce its businesses reliance on Chinese suppliers. China’s own economic recovery will be a significant determinant of commodity prices.
Tecnoglass (NASDAQ: TGLS) Reported gross profit for the first quarter of 2020 was $30.5 million, representing a 34.9% gross margin compared to gross profit of $31.9 million, representing a 29.8% gross margin in the prior year quarter.
Tecnoglass, Inc. (NASDAQ: TGLS), the largest Colombian manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, this week reported financial results for the fourth quarter and full year ended...
The number of exporters in Colombia’s Cacao sector continue to grow, as the country continues to work to improve the quality of the fruit, and to meet international quality and sustainability standards. During the Chocoshow held at the Corferias Convention Center in Bogotá, Vice...