Cement News tagged under: Sika
Sika to open new US concrete admixtures plant29 June 2022, Published under Cement NewsSika is opening a new manufacturing plant for concrete admixtures in Stafford, Virginia, USA to help meet demand in the Northeast and Mid-Atlantic regions. According to the company, the new plant is well positioned to support the addiitonal needs of the announced infrastructure programme of CHF200-250bn (US$209-216bn) in these two regions. The new facility in Stafford will be the second-biggest manufacturing plant for Sika concrete admixtures in the USA. "This investment allows us to sign... |
Cement giants in the running for Sika admixture business20 May 2022, Published under Cement NewsHolcim and HeidelbergCement are reportedly among the companies competing for Sika AG’s US admixtures business, which is believed to be valued at US$800m-1bn. Sika is selling off the asset to satisfy regulatory approval following its US$5.6bn purchase of German-based MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds in November 2021. According to Bloomberg, Turkish conglomerate Haci Omer Sabanci Holding AS is also interested in the Sika business, having pl... |
Sika reports 17% growth in 202111 January 2022, Published under Cement NewsSika has recorded sales of CHF9.24bn in 2021 (EUR8.95bn), an YoY uptick of 17.1 per cent in local currencies and 17.3 per cent in CHF. The acquisition effect was two per cent and organic growth amounted to 15.1 per cent. Compared to 2019, the organic gain was 11.9 per cent. Despite lockdowns in a number of countries, Sika grew more strongly than the market in all regions in 2021 with a 16.1 per cent YoY growth in sales in the EMEA region (Europe, Middle East, Africa), 21 per cent growth in t... |
Sika to acquire MBCC Group11 November 2021, Published under Cement NewsSika has agreed to acquire MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds for CHF5.5bn (EUR5.2bn). Germany-based MBCC Group is a leading supplier in construction chemicals worldwide with operations in over 60 countries and more than 130 production facilities. In 2021 the group was forecast to generate net sales of CHF2.9bn. According to Sika, the acquisition will compliment and broaden its product and solution offerings in four out of five of its co... |
Sika sees successful start to the year09 April 2019, Published under Cement NewsSika 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 subsidiary13 September 2017, Published under Cement NewsSika 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 sales27 July 2017, Published under Cement NewsWith 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 Coatzacoalcos31 March 2017, Published under Cement NewsSika 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, UK16 December 2015, Published under Cement NewsSika 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 Africa14 October 2015, Published under Cement NewsSika 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... |