SIKA OPENS NEW NATIONAL SUBSIDIARIES IN DJIBOUTI AND CAMEROON
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Sika AG /
SIKA OPENS NEW NATIONAL SUBSIDIARIES IN DJIBOUTI AND CAMEROON
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The issuer is solely responsible for the content of this announcement.
The establishment of new national subsidiaries in Djibouti and Cameroon takes
the total number of subsidiaries on the African continent to 18. This increases
Sika's international presence to a global total of 97 national subsidiaries.
The East African state of Djibouti is an important location for market access to
the neighboring country of Ethiopia, which is one of the largest in Africa. In
addition to developing the local market, the subsidiary will supply Ethiopia's
fast-growing construction market.
A new national subsidiary has also been established in Cameroon, in the city of
Douala. The new organization will assume responsibility for the distribution of
concrete admixtures and mortar products throughout the country and continue to
expand Sika's market share in Cameroon's flourishing construction market. Sika
products have been marketed through distributors in the country for more than a
decade.
The West African country's building industry is growing dynamically under the
stimulus of investments in infrastructure and residential construction.
Important projects include the expansion of the Kribi seaport in the south of
the country, the extension of the country's rail network and the construction of
stadiums for the 2019 African Cup of Nations.
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 97 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/2036438/758612.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.08.2016 - 09:30 Uhr
Sprache: Deutsch
News-ID 490541
Anzahl Zeichen: 2836
contact information:
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Kategorie:
Business News
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