SIKA OPENS SECOND PRODUCTION FACILITY IN ANGOLA
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Sika AG /
SIKA OPENS SECOND PRODUCTION FACILITY IN ANGOLA
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Sika is expanding its presence in Africa and opens a new facility in the Angolan
capital, Luanda. In addition to the production of concrete admixtures in an
existing factory, mortar products - one of the Sika Group's fastest-growing
areas of business - will also be manufactured locally.
With the additional production capacities in Angola, Sika is moving further
toward its goal of covering about 70% of the market potential on the African
continent with its own subsidiaries and production facilities. In this West
African nation, the construction industry is receiving considerable impetus from
major investments in infrastructure and in residential, industrial and
commercial properties. Sika has also recently commissioned mortar production
facilities in the countries of Nigeria and Ivory Coast.
Ivo Schädler, Regional Manager EMEA: "In the last five years alone, we have
greatly strengthened our presence on the African continent, and now have 19
national subsidiaries and 18 production facilities. We are positioning ourselves
in the markets early so that we can benefit from the construction boom triggered
by rapid population growth and urbanization. We have been highly successful with
this strategy in Africa: in the last five years we have seen 22% annual growth."
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 protection 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/2145319/822350.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: 30.10.2017 - 09:30 Uhr
Sprache: Deutsch
News-ID 565727
Anzahl Zeichen: 2789
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