Sika AG: INVESTMENT IN LARGER PRODUCTION SITE IN KAZAKHSTAN
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Sika AG /
Sika AG: INVESTMENT IN LARGER PRODUCTION SITE IN KAZAKHSTAN
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The issuer is solely responsible for the content of this announcement.
Sika has relocated its concrete admixture and mortar production in Almaty, in
the south of Kazakhstan, to a larger site in the 1.7-million-population city.
Aside from the booming Kazakh market, the new plant will also serve the
construction sector in the neighboring country of Kyrgyzstan to the south. The
country benefits from its strategic location on a key transportation route
between Europe and China.
"The expanded production capacity will put us in a good position to capitalize
on Kazakhstan's strongly growing construction market," explains Paul Schuler,
Regional Manager EMEA. "Infrastructure projects such as the extension of the
rail rapid transit system in the country's capital, Astana, expansion of the
Almaty metro and ring road, or major developments such as Abu Dhabi Plaza in
Astana are all at the planning or construction stage. Abu Dhabi Plaza is a new-
build office, residential and shopping complex that will incorporate central
Asia's tallest building, with a height of around 380 meter."
CONTACT
Dominik Slappnig
Corporate Communications & Investor Relations
+41 (0)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 automotive industry. Sika
has subsidiaries in 98 countries around the world and manufactures in over 190
factories. Its more than 17,000 employees generated annual sales of CHF 5.75
billion in 2016.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/2103820/798189.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: 11.05.2017 - 10:15 Uhr
Sprache: Deutsch
News-ID 541783
Anzahl Zeichen: 2526
contact information:
Town:
Baar
Kategorie:
Business News
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