Press Release: SIKA COMMISSIONS NEW MORTAR FACTORY IN CAMEROON

SIKA COMMISSIONS NEW MORTAR FACTORY IN CAMEROON

Sika is further expanding its presence in West Africa and starting

operations in a new facility for mortars in Cameroon. Following the

foundation of the national subsidiary in 2016 and the opening of a

concrete admixture plant in 2017, the company is now investing in a new

mortar manufacturing facility. In total, Sika has 22 factories on the

high-growth African continent. The current business year has already

seen investments in new facilities in Egypt and Senegal.

Sika will use its new mortar products factory, located in the major city

of Douala, to expand its product portfolio and supply customers in

Cameroon's construction market with locally manufactured products. The

country's building industry is developing dynamically under the stimulus

of investments in infrastructure and housing construction. Major

infrastructure projects realized with Sika products include sports

stadiums, the Douala Grand Mall and Business Park Project, and

facilities for water treatment and the supply of drinking water which

are being constructed across the country.

Ivo Schädler, EMEA Regional Manager: "We are continually expanding

our business on the African continent and are recording the strongest

growth rates in the EMEA region. Over the past four years, we have

increased sales by an average of 22 percent each year. Our investments

in expansion will create the basis for further market penetration in

Africa, where the boom in the construction industry is being driven by

high population growth combined with urbanization trends and megacity

developments."

CONSTRUCTION BOOM IN CAMEROON

According to forecasts, Cameroon's construction industry is expected to

grow by 8.4% in 2019, with annual growth averaging 7.4% until 2028. This

means that the country's construction market is the market with the

highest dynamics in West Africa.

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com

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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 300 factories. With 24,000 employees Sika

expects sales in excess of CHF 8 billion for the fiscal year 2019.

The media release can be downloaded from the following link:

-- Media Release

https://ml-eu.globenewswire.com/Resource/Download/292c2cdd-2e16-4411-8490-1d6497c2276b

(END) Dow Jones Newswires

September 03, 2019 01:00 ET (05:00 GMT)