Press Release: SIKA EXPANDS MORTAR PLANT IN SERBIA

SIKA EXPANDS MORTAR PLANT IN SERBIA

Sika is expanding its production capacities in Southeast Europe by

bringing a further mortar facility as well as a warehouse for raw

materials and end-products on stream at its Simanovci site in Serbia.

The plant, which is located near Belgrade, has been continuously

expanded in recent years to keep pace with the dynamic development

experienced by the region's construction sector and strong Sika growth.

The expanded production capacities and new warehouse will enable Sika to

continue to successfully penetrate the growing construction markets in

Southeast Europe. The high-quality ready-mixed mortars produced at the

site are distributed primarily to builders' merchants. As well as

catering for the domestic market, the ultra-modern plant also acts as a

regional production hub for Sika national subsidiaries in the

neighboring countries Croatia, Slovenia, Hungary, Bosnia and Herzegovina,

and Bulgaria.

Ivo Schädler, EMEA Regional Manager: "By investing in this

expansion at Simanovci, we are aiming to further enhance our market

position in Serbia and Southeast Europe. Thanks to the good construction

industry in most countries in the region, our business volume is at a

high level. The new facility will ensure that we continue to outpace

market growth."

HIGH DEMAND FOR INFRASTRUCTURE

There is a considerable need for infrastructure in Serbia, for example

in sewage treatment and the expansion of the country's rail and road

networks. Furthermore, the increase in foreign direct investment as well

as the growing needs in the field of Building Finishing for commercial

and residential buildings, such as for example the Belgrade Waterfront

project, offer major business potential for Sika.

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 200 factories. Its more than 20,000

employees generated annual sales of CHF 7.09 billion in 2018.

The media release can be downloaded from the following link:

-- Media Release

https://ml-eu.globenewswire.com/Resource/Download/2b0ca36d-6f5e-4758-b178-5410dedf1b9c

(END) Dow Jones Newswires

July 23, 2019 01:00 ET (05:00 GMT)