SIKA INVESTS IN MEMBRANE PRODUCTION IN RUSSIA
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Sika AG /
SIKA INVESTS IN MEMBRANE PRODUCTION IN RUSSIA
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The issuer is solely responsible for the content of this announcement.
Sika is expanding its product portfolio in Russia with the commissioning of a
new production line for PVC membranes at its factory in Lobnya, near Moscow. It
will now also manufacture high-performance thermoplastic membranes for
waterproofing structures at this location, resulting in significant cost savings
and competitive advantages.
The membrane market is growing faster than the Russian construction market
overall with forecasts of 6% annual growth until 2020. The annual volume of
membranes is estimated to be around 25 million m(2) - the equivalent of around
3,500 soccer fields.
Paul Schuler, CEO: "By manufacturing PVC membranes locally, we will achieve
considerable cost benefits due to lower transportation costs and the fact that
there are no longer any import duties. The improved availability of suitable raw
materials and the qualification of suppliers are key prerequisites that are now
enabling us to invest in the expansion of our supply chain and local
manufacturing of products in Russia. Sika's aim with the membranes is to achieve
rapid growth in the Target Markets Waterproofing and Roofing and to offer
customers the best possible local service."
RELIABLE WATERPROOFING
PVC membranes are waterproofing systems that are mainly used for basements,
underground parking lots, tunnels, bridges, all kinds of water reservoirs and
roof constructions. They must be reliable, long-lasting and sustainable. In
Russia, these high-performance technologies are being used in the Tushino 2018
urban development project in Moscow, as well as in a number of commercial
buildings, infrastructure projects and sports facilities.
CONTACT
Dominik Slappnig
Corporate Communications & Investor Relations
+41 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 and an image can be downloaded from the following links:
Media Release:
http://hugin.info/100359/R/2120262/807727.pdf
Image: Manufacturing of PVC membranes at the Lobnya plant, Russia.:
http://hugin.info/100359/R/2120262/807729.jpg
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: 18.07.2017 - 09:30 Uhr
Sprache: Deutsch
News-ID 552706
Anzahl Zeichen: 3346
contact information:
Town:
Baar
Kategorie:
Business News
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