Press Release: SIKA OPENS A STATE-OF-THE-ART FACTORY IN PERU AND TRIPLES ITS CAPACITY

Sika AG / SIKA OPENS A STATE-OF-THE-ART FACTORY IN PERU AND TRIPLES ITS

CAPACITY. Processed and transmitted by West Corporation. The issuer is

solely responsible for the content of this announcement.

Sika Peru has opened new headquarters in the metropolitan area of Lima

and introduced a modern plant for the production of concrete admixtures,

mortar products, and acrylic liquid applied membranes (LAM). With this

new plant, Sika is tripling its production capacities and strengthening

its market position in Peru.

At the new site in Lucumo, Sika has commissioned a modern plant for

mortars and admixtures. The acrylic LAM manufacturing equipment has also

been moved to the new site from the existing plant in Lurín, and

further modernized. The new factory and supply center will result in a

threefold increase in overall capacity. Optimal production processes and

efficiency are key features of this new production plant. The new

headquarters, with modern laboratories as well as new training

facilities, will improve the customer experience and demonstrate the

innovation power of Sika. Future expansion plans envisage the addition

of facilities for the manufacturing of polymers for high-performance

concrete admixtures, and waterproofing solutions for building

structures.

Christoph Ganz, Regional Manager Americas: "With the new site, we have

laid the foundations for further expanding our activities in Peru and

sharpening our competitive position. With a population of 11 million,

the greater Lima area is Peru's social and economic powerhouse and has a

flourishing construction industry. In Latin America our strategic focus

is on big cities and metropolitan areas, and our aim is to fully unlock

the potential of the growing market through our investment."

Construction industry with strong growth forecasts

Substantial investment in the mining sector and in infrastructure

projects is driving Peru's construction industry. In autumn 2017, the

Peruvian government launched an investment program with a volume of just

under USD 9 billion. This program encompasses the construction of more

than 7,500 kilometers of roads, 46,000 houses, and the renovation of

drainage systems in several cities. Growth of 4.5% is expected for the

construction industry in 2018.

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/2225661/873097.pdf

This announcement is distributed by West Corporation on behalf of West

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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

November 15, 2018 03:00 ET (08:00 GMT)