Press Release: SIKA EXPANDS PRODUCTION CAPACITIES IN EGYPT

SIKA EXPANDS PRODUCTION CAPACITIES IN EGYPT

Sika is developing its mortar plant in Alexandria, Egypt, and investing

in additional production lines. This expansion will bring its capacities

into line with the rising demand from the booming construction market.

Egypt has one of the largest populations of all the countries in the

region, with some 100 million inhabitants and a thriving construction

industry.

Egypt's construction industry is growing at an extremely fast pace. The

primary factors driving demand for construction materials are major

projects in the emerging megacities, like the new capital city east of

Cairo, the new Alamein City west of Alexandria, and many other building

projects in the Cairo and Alexandria metropolitan areas. Sika will use

its additional production capacities to harness this growth in the

market and further reinforce its leadership position in mortar products.

Ivo Schädler, Regional Manager EMEA: "We are delivering excellent

growth rates in Egypt and have doubled our production capacities for

mortars. This is a key competitive advantage in a market, such as Egypt,

that is expanding at such a fast pace. We have laid a foundation for

growth that outstrips the market, thus positioning ourselves as a strong

partner of high-performance products for the construction industry."

VAST INFRASTRUCTURE NEEDS

With its rapidly growing population Egypt has enormous requirements in

terms of living space as well as transportation and energy

infrastructures. On top of this, a high level of investment is being

channeled into the expansion of tourism infrastructure. According to

forecasts, the construction industry is expected to grow by just under

11% this year, with an average growth rate of over 10% until 2023.

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

https://www.globenewswire.com/Tracker?data=pUdjm8M01n8RbsHqT43VBSJ68WDTH6oiaZXvVlomRP8G84CMlu-iChCImfH2Q3fDHK_sv8Fhw2zJGCbdqrwvJAeWPvvwlpkFBtuQmdodkF1EUNYzSDEZESWCyrx3Av-w

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 20,000

employees generated annual sales of CHF 7.09 billion in 2018.

The media release can be downloaded from the following link:

Attachment

-- Media Release

https://ml-eu.globenewswire.com/Resource/Download/4ec525f4-1321-4dd8-bb09-6c3b6d56554b

(END) Dow Jones Newswires

April 04, 2019 01:00 ET (05:00 GMT)