Cement News tagged under: Sika

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Sika sees successful start to the year

09 April 2019, Published under Cement News

Sika has reported a successful start to 2019 business year, reporting a new sales record of CHF1644.8m (EUR1462m) in the first quarter. This equates to an increase of 7.1 per cent  in local currencies. A negative currency effect (-1.3 per cent ) led to robust sales growth in Swiss francs of 5.8 per cent . Paul Schuler, Chief Executive Officer: “In a commercially challenging environment we have delivered sales growth of 7.1 per cent, which represents a strong start to the new business...

Sika establishes El Salvador subsidiary

13 September 2017, Published under Cement News

Sika is continuing to expand its presence in Central America and is setting up its 99th national subsidiary in El Salvador. The company will thus be represented by its own sales and distribution organisation in the small Central American country with over 6m inhabitants. José Luis Vázquez, Regional Manager Latin America: “Sika already has a strong market position in El Salvador, as we have been supplying the construction sector out of Guatemala for many years. With this new national subsid...

SIKA achieves record sales

27 July 2017, Published under Cement News

With sales growth of 8.1 per cent in local currency, Sika achieved a new sales record of CHF2994.9m (US$ 3140.4m) in the first half of 2017. Targeted investments in new products, national subsidiaries and factories as part of Sika's growth strategy provided growth stimuli. In the first half of the year, the negative currency effect (-1.4 per cent) reduced sales growth in Swiss francs to 6.7 per cent. Net profit up 16% Volume growth, together with disproportionately low cost developmen...

Sika opens new cement plant in Coatzacoalcos

31 March 2017, Published under Cement News

Sika announced the opening of a new mortar cement factory in Coatzacoalcos, Veracruz, Mexico. The new plant will also start production of concrete additives previously owned by the company in Villahermosa, Tabasco, according to a company statement. "The new production site in Coatzacoalcos will strengthen our position in one of Mexico's four major business centres,” said José Luis Vázquez, Sika's regional manager for Latin America, in a statement. "From here, we can provide construction p...

Sika opens new mortar plant in Philadelphia, UK

16 December 2015, Published under Cement News

Sika has opened a state-of-the-art new mortar products plant in North America. The new facility is an extension of Sika's existing concrete admixture plant, the capacity of which has also been increased. Christoph Ganz, Regional Manager North America: "We are continuing the expansion that has taken place in the past two years by investing in Sika’s growth drivers such as mortars. This means that we are expanding our supply chain, and in parallel our sales force and marketing efforts. The st...

Sika expands footprint in Africa

14 October 2015, Published under Cement News

Sika is opening its first concrete admixture and mortar production facilities in Nigeria and Côte d'Ivoire and has established new subsidiaries in Ethiopia and Tanzania to participate in the growing markets in the Sub-Saharan region. The move expands Sika's presence on the African continent to 16 countries.  Sika established the subsidiary in Nigeria and Ivory Coast in 2014 and is now in Lagos and Abidjan, Nigeria, investing in local production facilities for high-quality concrete admixtur...

St-Gobain gets green light to acquire control of Sika

16 September 2015, Published under Cement News

The Swiss competition commission (Comco) has authorised the control of Sika by construction materials giant St-Gobain, the French company announced in a press release on Tuesday. This decision follows the favourable ruling handed down by the European Commission on 22 July 2015 as well as the decisions already received from other competition authorities, notably in the United States and China.

Buzzi Unicem

03 August 2015, Published under Cement News

Buzzi Unicem is selling the remaining 50 per cent of cement additives group Addiment Italia to its joint venture partner Sika AG, which had been its partner since 2003.

St-Gobain to acquire controlling stake in Sika

09 December 2014, Published under Cement News

St-Gobain is buying a controlling stake in constructive chemicals specialist Sika for EUR2.3bn. The group is also launching a competitive bidding process to dispose of the remaining portion of the its packing business (Verallia Europe). St-Gobain is is proposing the acquisition of a 16 per cent family stake in Sika, which controls 52 per cent of group voting rights, meaning St-Gobain will fully consolidate the acquisition. Analysts at JP Morgan believe that the acquisition of Sika – whi...