SIKA OPENS NEW PRODUCTION FACILITY IN TANZANIA
(Thomson Reuters ONE) -
Sika AG /
SIKA OPENS NEW PRODUCTION FACILITY IN TANZANIA
. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
Sika is setting up production in Tanzania and is opening a concrete admixtures
factory. Sika is the first company to manufacture these products locally. Plans
are already being made to add a mortar products manufacturing line. The
company's aim in establishing a local supply chain in the East African state,
which has a population of 50 million, is to benefit from planned investments in
infrastructure.
Paul Schuler, Regional Manager EMEA and designated CEO: "By establishing a new
concrete admixtures and mortar production plant in the metropolis of Dar es
Salaam, we are gaining an early foothold as a local producer in this growth
market. In Tanzania, as in other African countries, major infrastructure
projects are either in progress or at the planning stage, and we intend to
supply our products to these projects. With currently 19 national subsidiaries
and 17 factories we have established a comprehensive presence in Africa."
ESTABLISHING INFRASTRUCTURE
The growth in construction in Tanzania is being driven by extensive investments
in energy supplies and logistics infrastructure such as port installations and
railways. Plans include the building of a 2,200 kilometer rail network and total
investments of just under CHF 8 billion. Forecasts indicate that the Tanzanian
construction sector is set to grow by just under 7% in 2017 and by 8% a year in
the period up to 2025.
CONTACT
Dominik Slappnig
Corporate Communications & Investor Relations
+41 (0)58 436 68 21
slappnig.dominik(at)ch.sika.com
SIKA AG 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 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/2109935/801788.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: 07.06.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 546649
Anzahl Zeichen: 2936
contact information:
Town:
Baar
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 186 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SIKA OPENS NEW PRODUCTION FACILITY IN TANZANIA"
steht unter der journalistisch-redaktionellen Verantwortung von
Sika AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
