SIKA OPENS FOURTH PRODUCTION SITE IN RUSSIA
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Sika AG /
SIKA OPENS FOURTH PRODUCTION SITE IN RUSSIA
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Sika is continuing to increase its production capacity in Russia through new and
expansion investments. In Volgograd, in southern Russia, a mortar factory and a
plant to produce concrete admixtures are being opened. At the existing site in
Lobnya, 30 km north of Moscow, a new production facility, which will manufacture
polymers for concrete admixtures, is coming on stream. The investments are aimed
at strengthening Sika's position as a market leader in Russia for concrete
admixtures.
Over the past three years Sika has increased sales considerably in its target
markets in Russia, thus growing faster than the market as a whole. In order to
cope with high demand and further increase its market share, Sika is investing
in expanding its production capacity in Russia, where it already has three
plants in St. Petersburg, Rzhev and Lobnya.
Local production instead of imports
The existing plants will supply the north-west of the country and central
Russia, while the plant in Volgograd will supply product technology to the
construction industry in southern Russia. As a result, transport times and costs
for customers will be optimized.
Paul Schuler, Sika Regional Manager EMEA: "Despite cautious forecasts for 2015,
Sika is confident that there is long-term potential in Russia's infrastructure
and industrial construction sectors. The new production facilities will
contribute greatly to improving our cost structure in Russia, as transport costs
and import duties will be eliminated. This means that Sika is very well
positioned to consolidate its long-term market leadership, in particular for
concrete admixtures, and to gain further market share."
CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik(at)ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and the motor vehicle
industry. Sika has subsidiaries in 91 countries around the world and
manufactures in over 160 factories. Its approximately 17,000 employees generated
annual sales of CHF 5.6 billion in 2014.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1947772/707322.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1947772]
Unternehmensinformation / Kurzprofil:
Datum: 27.08.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 416189
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