(PRESS RELEASE) BAAR, 6-Oct-2020 — /EuropaWire/ — Sika (SWX: SIKA), a Swiss multinational leading specialty chemicals company, has announced it is opening a new production facility in Chengdu, China. With the new production facility, Sika has further expanded its capacity … Read the full press release
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 … Read the full press release
Posted in Business, Construction, Industrial, Management, Switzerland
Tagged cashflow, construction, COVID-19, earnings, liquidity, Paul Schuler, resilience, Sika
(PRESS RELEASE) BAAR, 17-Mar-2020 — /EuropaWire/ — Sika operates a new production facility for the SikaProof® structural waterproofing membrane at its existing site in Sarnen, Switzerland. The expansion will increase the manufacturing efficiency and will allow Sika to serve the … Read the full press release
(PRESS RELEASE) BAAR, Switzerland, 26-Feb-2020 — /EuropaWire/ — Sika announces its membership in ‘Together for Sustainability’ (TfS) initiative. TfS, founded in 2011, aims for the advancement of chemicals industry’s sustainability practice within the supply chain. Sika’s growth strategy focuses on … Read the full press release
(PRESS RELEASE) BAAR, 25-Nov-2019 — /EuropaWire/ — Sika announced it is acquiring a Romanian manufacturer of mortars and thermal insulation solutions with CHF 120 million sales per year. The acquisition will substantially strengthen the company’s position in the local Romanian … Read the full press release
(PRESS RELEASE) BAAR, 9-Sep-2019 — /EuropaWire/ — Sika expands its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region with the acquisition of Crevo-Hengxin. Sika also will gain additional silicone technology and a production … Read the full press release
(PRESS RELEASE) BAAR, 29-May-2019 — /EuropaWire/ — Sika starts production of concrete admixtures at its plant in Doha, Qatar. Due to large-scale infrastructure investment and a number of mega projects, both ongoing and planned makes Qatar an attractive market. Sika … Read the full press release
Posted in Construction, Industrial, Investment, News, Switzerland
Tagged concrete admixtures, construction, infrastructure, investment, Ivo Schädler, production facility, Qatar, Sika
(PRESS RELEASE) BAAR, 13-Mar-2019 — /EuropaWire/ — Sika is expanding its know-how in the production and development of polyurethane foams. The company has just acquired a manufacturer of polyurethane foam systems based in Belarus. The acquired company is called Belineco … Read the full press release
Posted in Business, Chemicals, Construction, Investment, News, Russia, Switzerland
Tagged acquisition, BELARUS, Bonding, damping, Eastern Europe, facade systems, Ivo Schädler, Polypag, polyurethane, polyurethane foam, polyurethane foam systems, roofing systems, Sealing, Sika, specialty chemicals, БелИНЭКО, строительной химии
BAAR, 18-Dec-2018 — /EuropaWire/ — 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 … Read the full press release
Posted in Chemicals, Industrial, Switzerland
Tagged acrylic liquid, ElSalvador, Guatemala, Honduras, mortars, Palin, Sika
Baar, Switzerland, 06-Nov-2018 — /EuropaWire/ — 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 … Read the full press release
Posted in Business, Chemicals, Industrial, Investment, Switzerland
Tagged acquisition, Christoph Ganz, Concrete Fibers, fibers, Propex Holding, Sika
BAAR, 01-Oct-2018 — /EuropaWire/ — Sika is adding strength and capacity to its Mexican product supply chain in the Automotive sector with the opening of a new manufacturing facility in Querétaro, Mexico. The new factory, which includes an integrated logistics center, … Read the full press release
Posted in Automotive, Industrial, Switzerland
Tagged acoustic_treatments, automotive, Manufacturing, Mexico, OEM, Querétaro, Sika, Thomas Hasler
BAAR, 24-Aug-2018 — /EuropaWire/ — Sika is developing its operations in the United Arab Emirates (UAE) with the opening of a new factory in Dubai. An existing production facility for concrete admixtures has been relocated to the new site and expanded. … Read the full press release
Posted in Chemicals, Construction, Industrial, Switzerland
Tagged admixtures, concrete, Dubai, high-performance concrete admixtures, Ivo Schädler, mortar, polymers, Sika
BAAR, Switzerland, 18-Jan-2018 — /EuropaWire/ — Sika has acquired a majority stake in Index Construction Systems and Products, a leading manufacturer of roofing and waterproofing systems headquartered close to Verona, Italy. The company generates annual sales of CHF 115 million. … Read the full press release
Baar, Switzerland, 26-Dec-2017 — /EuropaWire/ — Sika has acquired Emseal Joint Systems, Ltd., a US-based market leader in the development and manufacturing of structural expansion joint products for new construction and refurbishment. With the acquisition, Sika will be able to … Read the full press release
Posted in Business, Chemicals, Construction, Industrial, Switzerland
Tagged Christoph Ganz, construction market, Emseal Joint Systems, Ltd, sealing and bonding solutions, Sika
BAAR, 23-Oct-2017 — /EuropaWire/ — With the commissioning of a new factory for mortar products and concrete admixtures, Sika has expanded its manufacturing capacity in Pakistan and is responding to the country’s construction boom. Demand in the infrastructure and residential … Read the full press release
Posted in Chemicals, Construction, Industrial, Switzerland
Tagged concrete admixtures, factory for mortar products, Ivo Schädler, Sika
ZUG, 06-Sep-2017 — /EuropaWire/ — Sika has agreed to acquire KVK Holding a.s, headquartered in Prague, Czech Republic, a leading manufacturer of waterproofing and roofing systems as well as a wide range of mortar products. KVK generated sales of CHF 42 … Read the full press release
Posted in Chemicals, Construction, Czech Republic, Industrial, Switzerland
Tagged Ivo Schädler, KVK Holding, roofing systems, Sika, waterproofing
BAAR, 23-May-2017 — /EuropaWire/ — Sika has appointed Paul Schuler, currently Regional Manager Europe Middle East Africa (EMEA), as Chief Executive Officer as of July 1, 2017. He succeeds Jan Jenisch who has accepted to become the new CEO at LafargeHolcim. … Read the full press release
Posted in Chemicals, Management, Switzerland
Tagged Jan Jenisch, Paul Hälg, Paul Schuler, Sika
Baar, Switzerland, 10-Feb-2016 — /EuropaWire/ — Sika is systematically implementing its Strategy 2018 by entering into new markets and opening 6 to 8 factories a year, and has now further expanded its presence in Southeast Asia. With one new production plant … Read the full press release
Posted in Business, Construction, Industrial, Switzerland
Tagged concrete, production plant for concrete admixtures, Sika
Baar, Switzerland, 27-3-2015 — /EuropaWire/ — Sika continues its dedicated and successful expansion strategy. The company has opened a new mortar manufacturing facility in Dubai and a concrete admixture plant on Réunion. With these openings, Sika reacts to the growing demand … Read the full press release
Baar, Switzerland, 27-3-2015 — /EuropaWire/ — Sika has agreed to acquire Construction Technologies Australia Pty Ltd (CTA), one of the leading suppliers of tile adhesives and associated mortar products in Australia. CTA generated sales of CHF 22 million in 2014 and … Read the full press release
Baar, Switzerland, 28-5-2014 — /EuropaWire/ — Sika is acquiring the business of Klebag Chemie AG, a manufacturer of adhesives for the sealing, bonding and flooring markets. The takeover strengthens Sika’s position in the Swiss interior finishing sector. Last financial year, Klebag generated … Read the full press release
Baar, Switzerland, 7-1-2014 — /EuropaWire/ — Sika has acquired the remaining 24.5% of Dyflex HD Co., Ltd. as of January 7, 2014 and achieves 100% ownership. The complete takeover further strengthens Sika’s position in the Japanese construction market. Sika has been … Read the full press release
Posted in Business, Chemicals, Construction, Financial, Industrial, Investment, Switzerland
Tagged acquisition, Business, chemicals, concrete admixtures, construction, Dominik Slappnig, Dyflex HD Co. Ltd., Financial, Industrial, investment, Jan Jenisch, Japanese construction market, liquid waterproofing, sealing & bonding solutions, Sika, Switzerland, Takeover
12-8-2013 — /EuropaWire/ — Sika has made a binding offer of CHF 320 million to acquire the Building Adhesives Business of the Dutch company AkzoNobel. With annual sales of CHF 228 million, AkzoNobel Building Adhesives is a top-three player in its … Read the full press release
Posted in Business, Construction, Financial, France, Germany, Industrial, Investment, Switzerland
Tagged acquire, acquisition, AkzoNobel, AkzoNobel Building Adhesives, Bonding, Building Adhesives business, Casco, Cégécol, Dutch company AkzoNobel, EriKeeper, Flooring, Refurbishment, Schönox, Sealing, Sika, Synteko