Aug 29, 2023
Tecnoglass to begin manufacturing and distributing vinyl windows by Q3 2023
Tecnoglass Inc. has announced it has signed a long-term agreement to manufacture and distribute vinyl windows, officially entering the vinyl window market.
The company noted the decision is aligned with Tecnoglass’ plans to expand its footprint in the architectural window market and said the production and deliveries will begin in November.
“Our planned introduction of vinyl windows is a significant milestone that more than doubles our addressable market and reflects our dedication to providing comprehensive architectural window solutions to our customers,” said Santiago Giraldo, chief financial officer at Tecnoglass. “The vinyl window market provides a great opportunity to further expand our revenue base. We expect this new initiative to deliver an attractive margin on our highly efficient, vertically integrated platform, driving accretive benefits to our results. We have already deployed the $25 million budgeted to support our vinyl market entry. These investments should allow us to scale up our vinyl window opportunity to approximately $300 million in annual revenues over time.”
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