Press Release: SIKA COMMISSIONS TWO NEW PLANTS IN KAZAKHSTAN

Sika AG / SIKA COMMISSIONS TWO NEW PLANTS IN KAZAKHSTAN. Processed and

transmitted by West Corporation. The issuer is solely responsible for

the content of this announcement.

Sika is expanding its presence in Kazakhstan and strengthening its

position in two of the country's growth regions. To reinforce existing

production operations in Almaty in the southeast of the country, Sika is

simultaneously commissioning two further concrete admixture production

plants, one in the capital Astana and the other in Atyrau in the west.

The capital of the country, Astana, and Kazakhstan's western region are

attractive markets: In the past three years alone, there have been

inflows of approximately USD 17 billion into Astana's dynamic

construction market. Major projects such as the new Light Rail Transport

System of Astana (LRT) and the Abu Dhabi Plaza structure, which will be

the highest building in central Asia, are fueling substantial demand for

concrete. This applies to the oil and gas industry in the region around

Atyrau too. One example is the Prorva access channel, which will connect

one of the biggest oil fields in the region - the Tengiz oil field -

with the Caspian Sea.

Ivo Schädler, EMEA Regional Manager: "With Astana and Atyrau, we

are tapping into two promising regional markets. This will accelerate

our growth in Kazakhstan significantly. At the same time, the new

production plants will reinforce our competitive position to a

substantial degree, since we will be able to produce locally, in

proximity to our customers and with an optimized supply chain."

DIVERSIFICATION OF THE ECONOMY DRIVING CONSTRUCTION DEMAND

Kazakhstan's economy is witnessing a clear uptrend, which is being

driven by the rising oil price, increasing Chinese investment, and the

state capital expenditure program aimed at greater diversification for

the country and reduced dependency on oil. According to estimates, the

construction industry is expected to grow by 5.9% in 2018, with annual

growth averaging 4.9% until 2022.

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/2220028/868544.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 11, 2018 01:00 ET (05:00 GMT)