20.07.2016 10:00:49
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Press Release: SIKA EXPANDS ITS PRODUCTION SITE IN BLUDENZ, AUSTRIA
Sika AG / SIKA EXPANDS ITS PRODUCTION SITE IN BLUDENZ, AUSTRIA . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Sika is investing around CHF 2.2 million in the expansion of its production site in Bludenz, Austria. A new warehouse and a new manufacturing line for waterbars is being added to the existing site.
Sika is not just expanding its production capacities and warehouse space with the two-story warehouse, which has 1,800 square meters of useable floor space; it is also creating eight new jobs. The site currently has a workforce of 75 employees. Sika has been producing construction chemicals in Vorarlberg since 1939, and has been continuously expanding the site since then.
WATERBARS FOR STRUCTURAL WATERPROOFING
Sika is positioning itself more broadly in Bludenz with the new manufacturing line, which will produce around 600,000 running meters of waterbars each year. Waterbars are used to waterproof buildings and other structures. Around 40,000 tons of construction chemicals such as mortars, synthetic resin floor coatings, concrete admixtures, waterbars and release agents are manufactured each year in Bludenz for the Austrian market plus other countries in Central and Eastern Europe.
CONTACT
Dominik Slappnig
Corporate Communications and 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 protection in the building sector and automotive industry. Sika has subsidiaries in 95 countries around the world and manufactures in over 170 factories. Its more than 17,000 employees generated annual sales of CHF 5.49 billion in 2015.
The media release can be downloaded from the following link:
Media Release: http://hugin.info/100359/R/2029451/754608.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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
HUG#2029451
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Sika AG
Zugerstrasse 50 Baar Switzerland
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com (END) Dow Jones Newswires
July 20, 2016 03:30 ET (07:30 GMT)- - 03 30 AM EDT 07-20-16
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