Press Release: MEGACITIES AS GROWTH DRIVERS FOR SIKA - STRATEGIC TARGETS CONFIRMED AT CAPITAL MARKETS DAY IN NEW YORK

Sika AG / MEGACITIES AS GROWTH DRIVERS FOR SIKA - STRATEGIC TARGETS

CONFIRMED AT CAPITAL MARKETS DAY IN NEW YORK. Processed and transmitted

by West Corporation. The issuer is solely responsible for the content of

this announcement.

At the Sika Capital Markets Day, currently taking place in New York,

Sika CEO Paul Schuler confirmed the strategic goals for 2020. Citing the

motto "Megacities drive Sika's growth", Group Management members and

Sika experts from the United States used the example of New York to

illustrate how the urbanization megatrend and the strongly growing large

cities are driving Sika's structural growth. In the USA, Sika already

generates 37% of its sales in the 20 biggest cities, with New York as

one of the leading markets.

Paul Schuler: "Innovative Sika technologies meet the challenges posed

by urban development today: Here in New York, for instance, these

include the construction of high-rise buildings, the implementation of

infrastructure projects, increasingly stringent building standards, and

refurbishment projects. With our high-performance products and strong

customer focus, we want to tailor our organization even more closely to

the business potential of megacities and thus also ensure continued

growth and achievement of our targets for 2020."

In the last three years, Sika's annual organic growth of 8% in the USA

has clearly outpaced the market. This can be attributed, among other

things, to major investments in new factories, expansion of the sales

organization, and acquisitions close to metropolitan areas and the

United States' fastest-growing cities. Thanks to their organizational

merger earlier this year, the two regions - North and Latin America -

will greatly benefit from each other. Not least of all, the potential of

the numerous big cities and conurbations will continue to be exploited,

permitting transfers of know-how and technology as well as systematic

market development with supra-regional key account customers and

large-scale projects.

STRONG MARKET POSITIONING IN NEW YORK

On Capital Markets Day, Sika is presenting a large number of major

projects in New York City - one of the megacities in which the Group has

stepped up its investment in recent years to expand both production

capacity and sales force. One of the construction projects presented is

Hudson Yards: With its investment volume of USD 25 billion, this is the

largest private real estate project ever realized in the USA. Another is

the One Vanderbilt high-rise, which on completion will be New York's

fourth highest skyscraper. Innovative Sika technologies such as

admixtures for high-performance concrete, waterproofing solutions for

buildings and structures, and adhesives for architecturally demanding

and energy-efficient glass facades, make a significant contribution to

the realization of these mega-projects.

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com

SIKA CORPORATE PROFILE

Sika is a specialty chemicals company with a leading position in the

development and SHYproduction of systems and products for SHYbonding,

sealing, damping, reinforcing and protecting in the building sector and

autoSHYmotive industry. Sika has subsidiaries in 101 countries around

the world and manufactures in over 200 factories. In 2017, our more than

18,000 employees generated sales of CHF 6.25 billion.

The media release can be downloaded from the following link:

Media Release: http://hugin.info/100359/R/2218961/867806.pdf

This announcement is distributed by West Corporation on behalf of West

Corporation 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

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Sika AG

Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;

http://www.sika.com

(END) Dow Jones Newswires

October 02, 2018 11:45 ET (15:45 GMT)