SIKA EXPANDS IN PAKISTAN WITH NEW PRODUCTION FACILITY
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Sika AG /
SIKA EXPANDS IN PAKISTAN WITH NEW PRODUCTION FACILITY
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With the commissioning of a new factory for mortar products and concrete
admixtures, Sika has expanded its manufacturing capacity in Pakistan and is
responding to the country's construction boom. Demand in the infrastructure and
residential construction segments in particular is enormous. With its rapidly
growing population of over 200 million, Pakistan is one of the world's most
populous countries.
The new factory for concrete admixtures and mortars is located in Pakistan's
second biggest city - Lahore, in the north of the country and one of the world's
largest metropolitan regions. With the new investments and the simultaneous
relocation of an existing mortar manufacturing facility from Lahore to Karachi
in the south of the country, Sika is creating the basis for future growth in a
booming market. It is estimated that the construction industry in Pakistan will
grow on average by 12% a year between now and 2020.
Ivo Schädler, Regional Manager EMEA: "Our expansion of local production
capacities is in response to existing bottlenecks. The new facility in the north
and the expansion of our location in the south will enable us to continue to
grow significantly faster than the construction market in Pakistan, and hence to
strengthen our competitive position thanks to local production. Our focus in
Pakistan is on the Concrete, Refurbishment and Flooring target markets, in which
we want to continue driving forward our business activities."
CONTACT
Dominik Slappnig
Corporate Communications & 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 protecting in the building sector and automotive industry. Sika
has subsidiaries in 99 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/2142293/820656.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: 18.10.2017 - 09:30 Uhr
Sprache: Deutsch
News-ID 564112
Anzahl Zeichen: 2996
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Kategorie:
Business News
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