Cement News tagged under: Sika
Sika reports record sales, up 7%, in 202320 February 2024, Published under Cement NewsSika posted record sales of CHF11,238.6m, up 7.1 per cent with an increase of 14.5 per cent in terms of local currencies in 2023. Operating profit adjusted for one-time M&A effects increased to CHF1680.6m, up 12.7 per cent YoY, resulting in an EBIT margin of 15 per cent (2022:14.2 per cent). Net profit declined 8.6 per cent YoY to CHF1062.6m in 2023, resulting in a net profit margin of 9.5 per cent, down from 11.1 per cent in 2022. The company also closed the largest acquisition in its... |
Sika posts record sales in 202312 January 2024, Published under Cement NewsSika reports record sales of CHF11.24bn in 2023, up 7.1 per cent YoY in Swiss franc terms and 14.5 per cent in local currency terms. There was a high negative foreign currency effect of -7.4 per cent due to the sharp appreciation of the Swiss franc. Thomas Hasler, Sika's CEO, said: “Sika has once again proved its resilience over the past 12 months. Thanks to our well-functioning business model, our high level of innovation, and the strong commitment of our 33,000 employees around the world... |
Sika opens new technology centre in China19 December 2023, Published under Cement NewsSika has significantly expanded its research and development capacities in the Asia/Pacific region and opened a new, state-of-the-art technology centre in Suzhou, China. According to the company, although the facilities at the new Technology Center comprise cutting-edge laboratories for the development of adhesives and sealants, research infrastructure has also been established for concrete admixtures and CO 2 reducing cement technologies. The centre will also focus on research into mate... |
SIKA launches new growth strategy03 October 2023, Published under Cement NewsAt today's Capital Markets Day in Zurich, Sika will presents its new Strategy 2028, “Beyond the Expected”, which the company says builds on the company’s successful growth model. “The roadmap leverages on Sika’s strong market position and innovation power and sets the course for an even stronger performance in the years to come,” the company said in a statement. The annual growth target will be lifted to 6-9 per cent in local currencies and profitability target will be increased to an ... |
Sika makes management changes19 September 2023, Published under Cement NewsSika has announced changes to its board of directors and group management ahead of its growth strategy 2028 announcement on 3 October 2023. Thierry F J Vanlancker will be proposed as the company’s new chair of the board of directors at the next annual general meeting in 2024, replacing Paul Hälg who has decided to step down from this position after 12 years. Mr Vanlancker has been a member of the board at Sika since 2019 and held various management positions in the chemical sector. Comment... |
Sika concrete recycling technology receives US$11m in funding30 August 2023, Published under Cement NewsSika has received CHF10m (US$11.34m) in funding for its innovative reCO2ver ® concrete recycling technology. ReCO2ver involves a novel concrete recycling process that allows old concrete to be entirely reused while facilitating the sequestration of CO 2 . To support the use of the technology, Switzerland’s Climate Cent Foundation is guaranteeing the purchase of CO 2 certificates from the programme for an initial amount of CHF10m. Sika’s reCO2ver technology not only separates old concret... |
Sika acquires Thiessen Team USA07 July 2023, Published under Cement NewsSika has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry. The acquisition will open up significant cross-selling potential and will support Sika’s expansion in the US mining market, says the company. Thiessen operates two production facilities, strategically located close to large mines in the western US area. Increasing sustainability requirements in mining operations represents a significant potential for Sika’s robust range... |
Sika continues Indian expansion03 July 2023, Published under Cement NewsSika is opening a new plant in Kharagpur, eastern India, as it continues to expand its production capacity in the Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100m inhabitants. Alongside state-of-the-art manufacturing lines, the new factory includes office space, laboratories, and warehousing and logistics. Sika now has twelve manufacturing facilities in India and h... |
Sika completes MBCC acquisition04 May 2023, Published under Cement NewsSika has completed its acquisition of MBCC Group. Based in Germany and formerly owned by an affiliate of Lone Star Funds, MBCC Group is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, USA, Canada, Europe, Australia and New Zealand to the international private equity firm Cinven. The business now acquired by Sika generated sales of CHF2.1bn (U... |
Sika confirms record EBIT for 202221 February 2023, Published under Cement NewsSika has reported a record-high operating profit (EBIT) for 2022, coming in at CHF1579.7m (US$1709m), up 13.5 per cent YoY. The EBIT margin for 2022 stands at 15.1 per cent, compared to 15 per cent in the previous year. The company had already released its 2022 results in January this year, which saw sales exceed CHF10bn for the first time, but had predicted a record EBIT and an EBIT margin of 15 per cent, both of which have been now been confirmed. According to the company, at its AGM on ... |