Sika opens new Plant in Southwestern China
Sika is opening a new plant for liquid membranes and mortar production in Chongqing, a city in southwestern China with 30 million inhabitants. By commissioning the new plant, Sika is expanding its position in this rapidly growing metropolitan area, which is set to become even more important as China is creating the Chengdu-Chongqing business district with almost 100 million inhabitants.
The automotive, finance, and logistics sectors are well represented in the Chengdu-Chongqing region, and the construction industry benefits from these operations and companies’ efforts to achieve more sustainable production.
With its new state-of-the-art plant in this region, Sika will be well-positioned to meet rising demand from the construction industry for high-quality, sustainable products, and will greatly expand its production capacity. The investment underscores Sika’s commitment to be close to the customer and offer the best product solutions and services on a local basis.
Mike Campion, Regional Manager Asia/Pacific: “This new plant reinforces our market position in the important Chengdu-Chongqing business district, which is a core area in China. The result will be a mega-agglomeration that will expand the domestic economy and will generate enormous business potential for Sika. Thanks to the additional production capacity, we will strengthen our position in this booming market and continue to target above-average growth.”
Infrastructure Investments driving Growth in China's Construction Industry
The Chinese construction sector is forecast to grow by an average of 4.5% annually over the next three years. As part of its current five-year plan, China’s government is focusing on expanding transport and energy infrastructures and is investing CHF 8 trillion in technology and infrastructure projects in the coming years.
Akobo Minerals (Euronext Oslo – “AKOBO”), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today provided an update on its activities to develop the Segele Gold Mine.
Following the recent announcement of the discovery of the third mineralisation style, Akobo’s efforts to develop the Segele mine are driving ahead at pace. The surface mining operations are underway, the process plant parts have started arriving and many designs are nearing completion.
Sibanye-Stillwater’s subsidiary Keliber has partnered with Metso Outotec to provide its sustainable soda pressure leaching technology for Keliber’s lithium hydroxide refinery, which will be built in Kokkola, Finland. Keliber owns the advanced lithium project located in the Kaustinen region of Finland, which intends to be one of the first integrated operations in Europe to sustainably produce battery-grade lithium hydroxide utilising its own ore.
SMT Scharf AG announces that it is once again raising its revenue and earnings forecast for fiscal year 2022 published on 12 October. Accordingly, the Managing Board now expects consolidated revenue of more than EUR 92.0 million.
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire CR, an Australia-based provider of advanced ground engaging tools (GET) and related digital solutions mainly for the mining industry.
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