Press Release: SIKA OPENS MORTAR PLANT IN ETHIOPIA

SIKA OPENS MORTAR PLANT IN ETHIOPIA

Sika is starting the operations of a new mortar plant at its existing

site in Addis Ababa, Ethiopia, thus expanding its portfolio of locally

manufactured products. After building a production facility for concrete

admixtures in 2016, this is a further step in extending the presence in

the promising Ethiopian construction market.

Ivo Schädler, EMEA Regional Manager: "With the new plant in

Ethiopia we are pursuing the implementation of our Africa strategy.

Thanks to the new facility we will provide the market with locally

manufactured technical mortars and our tile adhesives range to serve the

need for more sophisticated and technically advanced building materials.

With our strong local presence we can adapt products to meet the

specific customer requirements, and make products available with shorter

delivery times. We are thus creating the ideal conditions for

participating in the country's dynamic construction market."

ETHIOPIA IS THE FASTEST-GROWING MARKET SOUTH OF THE SAHARA

Investment projects sponsored by the Ethiopian government and aimed at

rapidly developing the country's infrastructure are making a major

contribution to the dynamic development of this country. According to

estimates, the construction industry in Ethiopia is set to grow by 12 %

in 2019 and by 8 to 9 % on average between 2019 and 2028.

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

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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 300 factories. Sika employs more than

24,000 people and is forecasting sales of over CHF 8 billion for fiscal

2019.

The media release can be downloaded from the following link:

-- Media Release

https://ml-eu.globenewswire.com/Resource/Download/fac0851b-1ae9-43bb-a0a7-373690650e12

(END) Dow Jones Newswires

November 14, 2019 01:00 ET (06:00 GMT)