With Market Capitalization Surging Past $1.1 Billion USD, Colombia’s Tecnoglass Rings NASDAQ’s Bell
Friday, a group of Tecnoglass (NASDAQ: TGLS) executives, factory workers, family and friends gathered on Times Square in New York City, to ring NASDAQ’s ceremonial opening bell. Usually reserved for IPOs, the stunning success Tecnoglass has had recently, with consistent record-breaking quarterly financial results, the Barranquilla, Colombia based glass manufacturer was invited back to celebrate its impressive results.
Speaking to reporters after the opening bell was rung, Tecnoglass co-founder and President Christian Daes said: “I feel excited and happy to have been able to bring the Barranquilla and Colombia flags, to be here accompanied by friends who helped us grow the business; Arturo and Jorge who worked and sweated all this time to make this a reality. and we must give thanks above all to God because he allowed us to get to where we are today”
Tecnoglass stock recently reached a high of $24.60 USD per share, almost five times its value of just a year ago. The almost 40-year-old company, which manufactures high-performance architectural glass and aluminum products, is expanding rapidly, further penetrating the US market, where it exports over 90% of its output.
Tecnoglass has recently launched a joint venture with Saint-Gobain and plans to break ground on an additional factory. Though executives and board members attended, the founding Daes brothers, José Manuel and Christian made sure to invite representatives from the factory floor to ring the bell, such as long-time employee Armando Perea, who explained: “Here we work with love, affection…we are like the Musketeers: one for all and all for one. There is always recognition for the work of the other. Look, I managed to get here to ring the bell and everyone is happy for me!”