Press Release: SIKA COMMISSIONS NEW FACTORY IN SAUDI ARABIA

Sika AG / SIKA COMMISSIONS NEW FACTORY IN SAUDI ARABIA. Processed and

transmitted by Nasdaq Corporate Solutions. The issuer is solely

responsible for the content of this announcement.

Sika has expanded its presence in Saudi Arabia by opening a new

production plant for concrete admixtures. Located in Dammam on the east

coast of the country, the new factory enables Sika not only to increase

its production capacity but also, in particular, to optimize its

logistics and hence its cost structure.

Up to now, Sika supplied its customers in the Saudi capital Riyadh as

well as on the east coast with concrete admixtures from the plant in

Rabigh, which is located 1,500 and 1,100 kilometers away from Dammam and

Riyadh respectively. The new production facility in Dammam will thus

greatly reduce transport distances. It is also ideally positioned to

potentially supply customers in neighboring markets around the Persian

Gulf.

Ivo Schädler, Regional Manager EMEA: "Producing locally in Dammam

brings us closer to our customers on the east coast of Saudi Arabia and

opens up further growth potential. At the same time, the optimized

supply chain will help strengthen our competitiveness in the market."

DIVERSIFICATION OF THE ECONOMY DRIVING CONSTRUCTION DEMAND

With its Vision 2030 and its National Transformation Program, Saudi

Arabia wants to reduce its dependence on crude oil and diversify its

economy. A range of mega-projects involving huge infrastructure

investments will push up demand in the construction sector. The

equivalent of CHF 500 billion is to be invested in the Neom project

alone. This entails the construction of a new city and the world's most

modern technology park.

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 production of systems and products for bonding, sealing,

damping, reinforcing and protecting in the building sector and motor

vehicle industry. Sika has subsidiaries in 101 countries around the

world and manufactures in over 200 factories. Its more than 18,000

employees generated annual sales of CHF 6.25 billion in 2017.

The media release can be downloaded from the following link:

Media Release: http://hugin.info/100359/R/2201088/853645.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

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Sika AG

Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;

http://www.sika.com

(END) Dow Jones Newswires

June 27, 2018 01:00 ET (05:00 GMT)