Press Release: SIKA EXPANDS ITS PRESENCE IN UNITED ARAB EMIRATES WITH A NEW FACTORY IN DUBAI

Sika AG / SIKA EXPANDS ITS PRESENCE IN UNITED ARAB EMIRATES WITH A NEW

FACTORY IN DUBAI. Processed and transmitted by Nasdaq Corporate

Solutions. The issuer is solely responsible for the content of this

announcement.

Sika is developing its operations in the United Arab Emirates (UAE) with

the opening of a new factory in Dubai. An existing production facility

for concrete admixtures has been relocated to the new site and expanded.

A state-of-the-art mortar facility and a reactor for producing polymers

have been installed and will constitute the basis for the production of

high-performance concrete admixtures. Furthermore, the new facility will

play a strategic role as a sales and distribution center for the region.

Sika has grouped together and greatly expanded its mortar and concrete

admixtures production, warehouse capacity, and offices at the new

location in Dubai Industrial City. Material streams, logistics, and the

cost structure will thus be optimized, and the course set for further

growth. The local polymer production facility will help to significantly

cut costs and make it possible to supply customers located in all states

of the Gulf Cooperation Council (GCC) with customized concrete

admixtures for demanding construction projects.

Ivo Schädler, Regional Manager EMEA: "The new site in Dubai

Industrial City is conveniently located between Dubai and Abu Dhabi and

has been established as our strategic production, distribution, and

sales center for the entire GCC area. We have thus created the ideal

conditions for developing our growth potential in these booming

construction markets."

CONSTRUCTION SECTOR BENEFITING FROM ECONOMIC DIVERSIFICATION

The UAE wants to reduce its dependence on oil and to diversify its

economy. The construction industry is benefiting from growing tourism as

well as from the UAE's development into a regional logistics center and

a hub for renewable energies and green technologies. Moreover, Dubai has

been selected to host Expo 2020, which will provide a further boost to

the construction sector. Estimates put growth at close to 7% for the

next few years.

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/2211966/862253.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

August 21, 2018 01:00 ET (05:00 GMT)