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SIKA EXPANDS ITS GLOBAL MANUFACTURING FOOTPRINT ACROSS GROWTH MARKETS WITH FIVE NEW PLANTS
Globenewswire· 2026-02-03 06:00
Core Insights - Sika has expanded its global manufacturing footprint by opening five new plants in the United States, Argentina, Colombia, Bangladesh, and Tanzania, enhancing production capacity and supply chain flexibility in key growth markets [1] Group 1: United States - A new concrete admixture facility has been opened in Haines City, Florida, utilizing the highest level of automation among Sika's admixture sites in the country, aimed at improving concrete performance and sustainability [2] - The facility is expected to reduce carbon emissions by approximately 8,000 tons by 2032 due to its water- and waste-reduction systems [2] Group 2: Argentina - A new manufacturing facility in Puerto Tirol, Chaco, will produce dry mortar products for the Northeast region, marking Sika's eighth production site in Argentina [3] - The Argentinian construction market is recovering, providing opportunities for Sika to enhance market penetration and customer engagement [3] Group 3: Colombia - A modern manufacturing site has been established in Cali, Colombia, which produces various construction materials to meet the growing demands of the region [4] - The Cali facility will improve Sika's efficiency in serving both domestic and export markets [4] Group 4: Bangladesh - The new site in Narayanganj manufactures concrete admixtures and mortars, supporting the fast-growing construction market in Bangladesh [5] - The facility will also cater to the demand for Sika's high-performance tile adhesive recently launched in the region [5] - The Bangladeshi construction market is projected to grow at a CAGR of over 7% from 2026 to 2029, driven by investments in infrastructure and housing [6] Group 5: Tanzania - A new production site has been established in Mwanza, Tanzania, focusing on mortars, admixtures, and specialized grouts for mining and construction [7] - The facility serves local demand and exports to neighboring countries, enhancing Sika's presence in East Africa amid strong industrial growth [7] - Tanzania's construction market is expected to continue expanding at a mid-high single-digit rate in the coming years [7] Group 6: Corporate Profile - Sika is a leading specialty chemicals company with a global presence, operating in 102 countries and producing in over 400 factories [8] - The company generated CHF 11.20 billion in sales in 2025, employing approximately 33,000 individuals [8]
SIKA TO ACQUIRE LEADING MORTAR COMPANY IN SWEDEN TO ENHANCE NORDIC PRESENCE AND ACCELERATE GROWTH
Globenewswire· 2025-12-15 06:00
Core Insights - Sika has agreed to acquire Finja, a leading Swedish mortar manufacturer, to enhance its Nordic presence and accelerate growth [1][4] - The acquisition will provide significant cross-selling opportunities and enable capacity expansion, bringing a wider product offering closer to Nordic customers [1][8] Company Overview - Finja, founded in 1957, is a family-owned company with net sales of approximately CHF 60 million, recognized for its comprehensive range of dry mortars and facade systems [2] - The company operates two efficient manufacturing sites near major economic centers, allowing for fast deliveries and significant capacity expansion [2] Digital Tools and Customer Base - Finja offers digital tools like solution selectors and EPD calculators to enhance project planning and execution efficiency [3] - The company has a strong sales organization serving a diverse customer base, including distributors, contractors, and architects, with a large share of sales through distribution channels [3] Strategic Benefits of Acquisition - The acquisition of Finja, along with the recent acquisition of Marlon in Denmark, will provide Sika with comprehensive coverage of the mortar segment across the Nordics [4] - The transaction is expected to close in the first quarter of 2026, pending regulatory approvals [5] Growth Opportunities - The acquisition will enable Sika to leverage Finja's product range, distribution network, and digital tools to unlock cross-selling potential and customer benefits [6][8] - Finja's expertise in low-carbon mortars and advanced digital tools will enhance Sika's offerings and create opportunities for expansion beyond Sweden [8]
SIKA ACQUIRES MORTAR COMPANY IN DENMARK AND LAYS THE FOUNDATION FOR ACCELERATED GROWTH
Globenewswire· 2025-10-01 05:00
Core Insights - Sika has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark, which will enhance Sika's growth platform in the Nordics and provide opportunities for market expansion and cross-selling [1][2] Group 1: Acquisition Details - The acquisition of Marlon will significantly expand Sika's presence in the mortar segment and strengthen relationships with Nordic distributors and contractors [2] - Marlon is recognized for its strong product portfolio and customer service, specializing in mortars for contractors and concrete element manufacturers [1] - The acquisition allows Sika to increase production capacity and introduce a wider range of locally produced solutions, driving growth in Denmark and other Nordic countries [2] Group 2: Operational Benefits - The well-situated site of Marlon will enable shorter transport distances, consolidation of warehouses, and optimization of capacity utilization, leading to cost efficiencies and improved customer proximity [2] - Marlon's efficient supply chain and automated manufacturing facility provide a basis for significant capacity expansion [1] Group 3: Strategic Vision - Christoph Ganz, Regional Manager EMEA, emphasized that the combined businesses will create an excellent platform for accelerated growth in Denmark and the Nordic region [3] - The acquisition will enhance Sika's ability to serve both new and existing customers with complete solutions in the large mortar segment [3] Group 4: Company Profile - Sika is a specialty chemicals company with a leading position in the development and production of systems and products for the building sector and industrial manufacturing, generating sales of CHF 11.76 billion in 2024 [4]
SIKA ACQUIRES RENOWNED CONSTRUCTION CHEMICALS COMPANY IN QATAR
Globenewswire· 2025-06-27 05:00
Group 1: Acquisition Overview - Sika has acquired Gulf Additive Factory LLC in Qatar, enhancing its presence in the rapidly growing construction market [1][2] - Gulf Additive Factory is known for high-quality construction chemical products, including concrete admixtures and facade systems [2][3] Group 2: Strategic Benefits - The acquisition allows Sika to leverage GAF's modern manufacturing site to expand operations and drive growth in Qatar and neighboring regions [3] - Sika's existing product portfolio combined with locally produced additions positions the company to meet the rising demand for energy-efficient construction solutions [3] Group 3: Market Outlook - The construction market in Qatar is projected to grow at a CAGR of over 4% until 2028, driven by significant investments in various sectors [4] - Qatar National Vision 2030 aims to diversify the economy while focusing on social and environmental development, supporting the positive market outlook [4] Group 4: Company Profile - Sika is a leading specialty chemicals company with a global presence, operating in 102 countries and producing innovative technologies in over 400 factories [5] - In 2024, Sika generated sales of CHF 11.76 billion and employs more than 34,000 people [5]