Sika: structural adjustments to increase efficiency
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Sika Group structurally adapts its manufacturing footprint forsealants and adhesives as well as for membranes due to new productiontechnologies and continued changes in market conditions. Thisreorganization ensures that Sika Group remains competitive in thelong term. Approximately 50 jobs will be cut in Switzerland.In recent years Sika has invested substantially in optimizing itsproduction processes for polyurethane (PU) adhesives and sealants aswell as membranes. New technologies and processes allow forsignificant gains in productivity and product quality.The weakness in the markets, observed since 2008, continues. Inaddition, adverse changes in exchange rates have a further negativeimpact. A swift change to the more cost efficient technologies is amust. Therefore, Sika concentrates its manufacturing operations inits most efficient facilities, thus creating a sustainable lower costbasis. The measures required will affect various production sites inEurope.Production of PVC membranes will be consolidated in Düdingen (CH) andTroisdorf (D). The current PVC production lines in Sarnen will beshut down in the course of 2010. In return, Sika concentrates itsproduction of membranes based on thermoplastic polyolefin (TPO) inSarnen. In addition, 30 export and logistics jobs will be relocatedfrom Birr (CH) to Sarnen (CH). As regards the PU adhesives andsealants, Sika evaluates the relocation of the Gournay (F) productionto Bad Urach (D) and evaluates the site in Fredensborg (DK).The structural adaptations will affect about 50 jobs in Switzerland.A social plan has been set up for the employees in Switzerlandconcerned. This includes redundancy payments, support with careerreorientation and in cases of genuine hardship as well as earlyretirement arrangements. In France and Denmark consultation processeswith the work councils have been initiated. -END-Sika AG Contact: Rainer Weihofen,Zugerstrasse 50 Corporate Communications & InvestorCH-6341 Baar, RelationsSwitzerland Tel.: +41 41 768 68 00www.sika.com Fax: +41 41 768 68 50 weihofen.rainer(at)ch.sika.comSika AG Corporate ProfileSika AG, located in Baar, Switzerland, is a globally active companysupplying the specialty chemicals markets. It is a leader inprocessing materials used in sealing, bonding, damping, reinforcingand protecting load-bearing structures in construction (buildings andinfrastructure construction) and in industry (vehicle, buildingcomponent and equipment production).Sika's product lines feature high-quality concrete admixtures,specialty mortars, sealants and adhesives, damping and reinforcingmaterials, structural strengthening systems, industrial flooring aswell as roofing and waterproofing systems. Subsidiaries in more than70 countries worldwide and approximately 12,900 employees linkcustomers directly to Sika and guarantee the success of all of itsbusiness relationships. With this business structure Sika generatesannual sales of CHF 4.6 billion. Visit our website at www.sika.com.The media release can be downloaded from the following link:http://hugin.info/100359/R/1344867/322624.pdf --- End of Message ---Sika AGZugerstrasse 50 Baar WKN: 858573; ISIN: CH0000587979; Index: SMCI, SPI, SPIEX, SMIEXP, SMIM;Listed: Main Market in SIX Swiss Exchange;
Datum: 30.09.2009 - 12:00 Uhr
Sprache: Deutsch
News-ID 6421
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