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Sika expands Operations in Dubai and increases Production

Sika further expands its production capacity in the United Arab Emirates with the commissioning of a new manufacturing facility in Dubai. In addition to concrete admixtures, epoxy resins are now being produced locally for the Target Market Flooring. The site in Dubai was established in 2018 as a strategic distribution and sales center for the region.

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Sika baut in Frankreich für Infrastrukturinvestitionen Produktion aus

Sika hat in ihrem Hauptwerk in Gournay-en-Bray nordwestlich von Paris die Produktion von Additiven für Spritzbeton aufgenommen. Die unter dem Markennamen Sigunit vertriebenen Erstarrungsbeschleuniger werden vor allem im Tunnelbau eingesetzt. Das Marktpotenzial ist über Frankreich hinaus groß – allein in Westeuropa sind Tunnelbauprojekte mit einer Gesamtlänge von 900 km ausgeschrieben, die in den nächsten Jahren realisiert werden.

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Sika defies Coronavirus Crisis with Growth in local Currencies

  • Sales growth of 2.9% in local currencies to CHF 3,614.6 million (–3.2% in CHF)
  • High negative currency effect of –6.1% (impact of minus CHF 225 million in sales and CHF 29 million in EBIT)
  • Maintained high EBITDA margin of over 16% (currency adjusted absolute EBITDA was flat)
  • Operating profit (EBIT) at CHF 410.2 million (–14.8%)
  • Increased operating free cash flow amounting to CHF 254.7 million (+41.7%)
  • Closing of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt), and buildup of a new factory in Barranquilla (Colombia)
  • Outlook for the second half of the year: Sika is expecting more favorable market conditions. With the anticipated improvement in sales volumes, the company expects an over-proportional EBIT increase for the second half of the year
  • Confirmation of 2023 strategic targets for sustainable, profitable growth
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Sika with strong Sales Growth in first Quarter – Slower in March due to Covid-19

  • Sales increase of 15.4% in local currencies to CHF 1,813.6 million (+10.3% in CHF)
  • Negative currency effect of –5.1%
  • Acquisition of Adeplast (Romania) concluded, new production facility in Sarnen (Switzerland) comes on stream
  • Outlook for 2020: forecast for 2020 not yet possible due to ongoing developments related to Covid-19
  • Confirmation of 2023 strategic targets for sustainable, profitable growth
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Sika erweitert Membranproduktion in Schweiz

Sika nimmt am bestehenden Standort in Sarnen, Schweiz, eine neue Produktionsanlage zur Herstellung der Bauwerksabdichtungsmembran SikaProof in Betrieb. Die Erweiterungsinvestition ermöglicht eine effizientere Produktion, um das rasch wachsende Marktvolumen zu bedienen. Bei der Produktfamilie SikaProof, deren Umsatz Sika im Rahmen der neuen Wachstumsstrategie bis 2023 verdoppeln will, kommt eine innovative, patentierte Folientechnologie zum Einsatz.

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Sika invests in Supply Chain in Colombia

Sika has invested in the production of concrete admixtures, acrylic liquid applied membranes, and mortars in Barranquilla, the fourth-largest city in Colombia, and has relocated and expanded the activities of an existing factory to the new state-of-the-art plant. The factory supplies the attractive Caribbean market and the northern part of Colombia and enables further growth.

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SIKA commissions new Mortar Factory in Cameroon

Sika is further expanding its presence in West Africa and starting operations in a new facility for mortars in Cameroon. Following the foundation of the national subsidiary in 2016 and the opening of a concrete admixture plant in 2017, the company is now investing in a new mortar manufacturing facility.

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Sika expands Mortar Plant in Serbia

Sika is expanding its production capacities in Southeast Europe by bringing a further mortar facility as well as a warehouse for raw materials and end-products on stream at its Simanovci site in Serbia. The plant, which is located near Belgrade, has been continuously expanded in recent years to keep pace with the dynamic development experienced by the region’s construction sector and strong Sika growth.

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Increased concrete performance with Sika's Reinforcing Fibers

Urban construction requires high-strenth concrete and reinforcement solution for demanding projects like highrise buildings or infrastructure projects where the concrete has to withstand high pressures. In recent years, Sika has expanded its presence in the fast-growing concrete reinforcing fiber market, with several acquisitions and investments in new production lines.

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Sika opens Production Plant in Qatar

Sika is starting operations at a plant in Doha, Qatar, for the production of concrete admixtures. The country on the east coast of the Arabian peninsula is an attractive market thanks to large-scale infrastructure investment and a number of mega projects, both ongoing and planned.

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Sika expands Production Capacities In Egypt

Sika is developing its mortar plant in Alexandria, Egypt, and investing in additional production lines. This expansion will bring its capacities into line with the rising demand from the booming construction market. Egypt has one of the largest populations of all the countries in the region, with some 100 million inhabitants and a thriving construction industry.

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Sika starts Mortar Production in Senegal

Sika is expanding production capacity in Senegal, West Africa, by opening a mortar production facility at its existing factory in Dakar. The plant will initially manufacture tile adhesives, grouts, concrete repair and waterproofing mortars and at a later stage cementitious flooring solutions.

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Sika acquires Market Leader in Roofing and Waterproofing Systems in Romania

Sika has agreed to acquire Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika will significantly strengthen its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The acquired business generates annual sales of CHF 23 million. The transaction is subject to approval by the Romanian anti-trust authority.

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Sika opens Plant in Guatemala and strengthens Presence in Central America

Sika has opened a new production plant in Central America, located in Palin in the metropolitan area of Guatemala City. This move further expands the company's market position in the emerging countries of the region. The portfolio of locally manufactured products includes concrete admixtures, mortars, and liquid applied membranes, which will be used to supply the neighboring countries of Honduras and El Salvador as well as the domestic market.

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Sika übernimmt Hersteller von Betonfasern in den USA

Sika hat das weltweite Betonfasergeschäft der Propex Holding LLC übernommen, welches ein Produktionswerk in den USA für synthetische Fasern zur Verstärkung von Beton, den Vertrieb in Sikas drei geografischen Regionen sowie eine starke Marke umfasst. Die erworbenen Geschäftsaktivitäten sind die perfekte Ergänzung von Sikas Betonsystemen für Lösungen mit hohem Mehrwert, wie sie beim Bau von Hochhäusern und anspruchsvollen Infrastrukturprojekten erforderlich sind. Das akquirierte Unternehmen erzielt einen Jahresumsatz von CHF 30 Millionen.

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Sika acquires Concrete Fiber Company in the USA

Sika has acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika's three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika's concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquired business generates annual sales of CHF 30 million.

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