SIKA ESTABLISHES NATIONAL SUBSIDIARY IN KUWAIT
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SIKA ESTABLISHES NATIONAL SUBSIDIARY IN KUWAIT
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Sika has expanded its position in the Middle East by establishing a new national
subsidiary in Kuwait. The creation of this 94th subsidiary worldwide marks a
further step forward in the implementation of Sika's growth strategy, which aims
to expand the Group's international presence to 100 national subsidiaries by
2018.
Kuwait's construction market is set to grow at a tremendous pace, with
investments of just under USD 30 billion in the focus areas of real estate and
infrastructure. Key construction projects at national level include an airport
extension and upgrade of the metropolitan transportation network, which alone
account for a total investment of USD 13 billion. The new national subsidiary
positions Sika perfectly to supply high-quality concrete admixtures and
refurbishment products directly to customers in Kuwait and to benefit from the
country's booming construction market. Sika products are already being used in
the construction of a new university and several roadbuilding projects. The
Kuwait market has been serviced from neighboring countries since 2010.
STRONG SIKA PRESENCE IN MIDDLE EAST
With national subsidiaries in 13 countries, Sika has an extensive local presence
in the Middle East. In Qatar, where a subsidiary was established in 2013, Sika
recently won a "mega project". In the first phase of work on the world's biggest
concrete-reinforced reservoir, more than 350,000 m² of Sika Proof A® and Sika
Proof P® membranes are being laid for waterproofing.
CONTACT
Dominik Slappnig
Corporate Communications and
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 protection in the building sector and automotive industry. Sika
has subsidiaries in 94 countries around the world and manufactures in over 170
factories. Its more than 17,000 employees generated annual sales of CHF 5.49
billion in 2015.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1999194/737197.pdf
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Source: Sika AG via GlobeNewswire
[HUG#1999194]
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2016 - 11:28 Uhr
Sprache: Deutsch
News-ID 460905
Anzahl Zeichen: 3179
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