Saint-Gobain's Colombian Subsidiary Partners Up With Tecnoglass
January 11 2019 - 2:00AM
Dow Jones News
By Cristina Roca
Compagnie de Saint-Gobain SA (SGO.FR) said Friday that Vidrio
Andino, its Colombian subsidiary, has entered a partnership with
Tecnoglass Inc. (TGLS) to increase its glass production
capacity.
The French construction company said Tecnoglass, a manufacturer
of glass windows and facades, has taken a minority share in Vidrio
Andino.
As part of the partnership, Vidrio Andino will build a new float
near Barranquilla, Colombia, where there is growing demand for
glass, Saint-Gobain said.
The float will increase Saint-Gobain's daily production by 750
metric tons of glass, to be used in architectural projects in the
region, the company said.
Vidrio Andino has signed a long-term procurement contract with
Tecnoglass stipulating the supply of glass from the float,
Saint-Gobain said.
Saint-Gobain said it expects production to begin in 2021.
No financial details were disclosed.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
January 11, 2019 02:45 ET (07:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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