Press Release: SIKA INVESTS IN SUPPLY CHAIN IN COLOMBIA

SIKA INVESTS IN SUPPLY CHAIN IN COLOMBIA

Sika has invested in the production of concrete admixtures, acrylic

liquid applied membranes, and mortars in Barranquilla, the

fourth-largest city in Colombia, and has relocated and expanded the

activities of an existing factory to the new state-of-the-art plant. The

factory supplies the attractive Caribbean market and the northern part

of Colombia and enables further growth.

Barranquilla is situated between the two rapidly growing tourist

destinations of Cartagena and Santa Marta on the Atlantic coast. The new

modern plant, located in Barranquilla, which has over two million

inhabitants and excellent transport links, enables Sika to better serve

customers in the north of the country and in the Caribbean region. With

the move, Sika has not only modernized the production lines, but has

also significantly increased capacity and established a training center

for customers.

With three other manufacturing plants in Tocancipá, in the

metropolitan area of Bogotá, Rionegro close to Medellín, and

Duitama in Central Colombia, Sika is ideally positioned to generate

further growth in Colombia's construction market.

Christoph Ganz, Regional Manager Americas: "We are executing our

strategy and focusing our business activities on the largest markets and

metropolitan areas. With our latest investment in Barranquilla we will

be able to better capture the potential of the dynamic construction

market in the Caribbean region. Our aim is to grow more quickly than the

construction market in this region, which currently has an annual growth

rate of 15%."

GROWTH DRIVEN BY INVESTMENT IN INFRASTRUCTURE

Colombia is one of the most attractive infrastructure markets in Latin

America. The main growth drivers are investments in urban short-distance

transport, freeways and bridges, as well as in energy and utilities

infrastructure. Examples include the construction of the first subway

line in Bogotá with an investment volume of approximately CHF 4.5

billion. According to estimates, the construction industry is expected

to grow by almost 4% annually over the next five years.

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 300 factories. Sika employs more than

25,000 people and generated sales of CHF 8.1 billion in fiscal 2019. At

the end of 2019 Sika won the Swiss Technology Award for a groundbreaking

new adhesive technology.

-- Media Release

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(END) Dow Jones Newswires

January 23, 2020 01:00 ET (06:00 GMT)