Tecnoglass Inc. announced that it has entered into a joint venture agreement with Saint-Gobain, through the planned purchase of a minority ownership interest in Vidrio Andino. Building on more than 20 years of success, Vidrio Andino also plans to build a new state-of-the-art, technologically-advanced glass manufacturing facility in Galapa (nearby Barranquilla), which is located approximately 12 miles from Tecnoglass' existing production facilities. The new facility will have nominal production capacity of approximately 750 metric tons per day of float glass.

Upon the expected completion of the new Galapa facility in 2021, Tecnoglass will benefit from the following factors: Access to ample float glass supply for anticipated growth, with Vidrio Andino more than doubling its float glass production nominal capacity Reduced purchasing costs through expanded scale in its float glass procurement, elimination of raw material waste, and lower inbound transportation costs given Galapa's closer proximity to Barranquilla Control of nearly its entire production process, driving increased efficiency to provide enhanced service and improved lead times to customers.