Sika expands its concrete admixtures business in Northern China
(Thomson Reuters ONE) -
Sika AG /
Sika expands its concrete admixtures business in Northern China
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Sika AG announces that its Chinese subsidiary, Sika (China) Ltd., has agreed to
acquire a majority stake in Hebei Jiuqiang Construction Material Co., Ltd., a
leading supplier of powder concrete admixtures located in Northern China.
Hebei Jiuqiang Construction Material Co., Ltd. has 300 employees and 2010 sales
of RMB 225 million (approximately CHF 33 million). The company's production
facilities are located 280 kilometres southwest of Beijing, close to
Shijiazhuang, the capital of Hebei province. Sika is acquiring a majority stake
in the company. The parties have agreed not to disclose the sales price.
Hebei Jiuqiang Construction Material Co., Ltd. was established by Mr. Jingzhuo
Qin, a prominent entrepreneur in the field of concrete admixtures. He and the
existing management have agreed to stay with the company. Jiuqiang is a well
known brand in the Chinese powder concrete admixture market. The company is a
competitive key player in the volume segments and has an extensive sales network
all over China.
This new partnership will enable Sika to offer a complete portfolio of concrete
admixtures in the whole of China.
Sika (China) Ltd is based in Suzhou, Jiangsu province.
Sika AG Contact: Dominik Slappnig
Zugerstrasse 50 Corporate Communications & Investor Relations
CH-6341 Baar, Switzerland Tel.: +41 58 436 68 21
www.sika.com Fax: +41 58 436 68 50
slappnig.dominik(at)ch.sika.com
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals
company. Sika supplies the building and construction industry as well as
manufacturing industries (automotive, bus, truck, rail, alternative energies,
building components). Sika is a leader in processing materials used in sealing,
bonding, damping, reinforcing and protecting load-bearing structures. Sika's
product lines feature high-quality concrete admixtures, specialty mortars,
sealants and adhesives, damping and reinforcing materials, structural
strengthening systems, industrial flooring as well as roofing and waterproofing
systems. Worldwide local presence in 74 countries and some 13 500 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generates annual sales of CHF 4.4 billion.Visit our website atwww.sika.com.
The media release can be downloaded from the following link:
--- End of Message ---
Sika AG
Zugerstrasse 50 Baar
WKN: 858573;ISIN: CH0000587979;
Media Release:
http://hugin.info/100359/R/1498209/433826.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Sika AG via Thomson Reuters ONE
[HUG#1498209]
Unternehmensinformation / Kurzprofil:
Datum: 18.03.2011 - 18:00 Uhr
Sprache: Deutsch
News-ID 52577
Anzahl Zeichen: 3671
contact information:
Town:
Baar
Kategorie:
Business News
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