# Tecnoglass and Saint-Gobain form joint venture for float glass in Colombia

Tecnoglass will purchase a minority stake in Saint-Gobain's Colombian subsidiary Vidrio Andino and jointly build a new float glass facility in Galapa, Colombia, with a capacity of 750 metric tons per day. The new facility is expected to be completed in 2021.

- Type: Partnership
- Announced: 2019-01-11
- Where: Galapa, near Barranquilla, Colombia
- Value: $45.0M
- Status: announced
- Capacity: 750 metric tons per day
- Products: float glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tecnoglass](https://endata.com/companies/22691.md)
- [Saint-Gobain](https://endata.com/companies/1801.md) (partner)
- [Tecnoglass](https://endata.com/companies/22691.md) (investor)
- [Vidrio Andino](https://endata.com/companies/36647.md) (partner)
- [Vidrio Andino](https://endata.com/companies/36647.md) (target)

## Sources

- [tecnoglass.com](https://www.tecnoglass.com/news/tecnoglass-enters-into-strategic-joint-venture-agreement-with-saint-gobain/), 2019-01-14: "The joint venture will significantly augment Tecnoglass’ vertical integration strategy by allowing it to acquire an ownership interest in one of the first stages of its production supply chain."
- [usg.mydigitalpublication.com](https://usg.mydigitalpublication.com/articles/global-update?article_id=3310886&i=569094), 2019-02-19: "Tecnoglass Inc. of Barranquilla, Colombia, has entered into a joint venture agreement with Saint-Gobain through the planned purchase of a minority ownership interest in Saint-Gobain's Colombian subsidiary Vidrio Andino."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.