Sika continues Indian expansion
Sika 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, co...
Sika
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Sika completes MBCC acquisition
Sika 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 syst...
Sika confirms record EBIT for 2022
Sika 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, co...
Sika reports record sales in excess of CHF10bn
In 2022 Sika reported sales in excess of CHF10bn (US$10.83bn) for the first time as the company saw sales growth of 15.8 per cent in local currencies compared to the previous...
Sika requests "fast track" remedy from CMA
Sika AG and MBCC Group have asked the UK’s Competition & Markets Authority (CMA) to consider a “fast-track” remedy to address concerns that their merger could harm the construc...
Sika sees sales advance 18% YoY in 1H22
Sika has reported an 18 per cent YoY increase in sales to CHF5250.3m (US$5424m) in the first half of 2022. In local currencies this equates to growth of 19.5 per cent. Operatin...
Sika to open new US concrete admixtures plant
Sika 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 com...
Cement giants in the running for Sika admixture business
Holcim 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 of...
Sika reports 17% growth in 2021
Sika 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 a...
Sika to acquire MBCC Group
Sika 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...