14.07.2016 10:00:47
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Press Release: SIKA OPENS NEW PRODUCTION PLANT IN AUSTRALIA
Sika AG / SIKA OPENS NEW PRODUCTION PLANT IN AUSTRALIA . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
With the opening of a new production plant in Bibra Lake near Perth, Sika is paving the way for future growth in Western Australia. The new site will increase capacities for concrete admixtures and synthetic fibers, improve finished goods warehousing and logistics and accommodate future mortar production facilities.
The new Bibra Lake site will strengthen Sika's presence on Australia's west coast and lay the foundations for further growth in this region. The facility combines two existing plants and three regional warehouses that had reached the limit of their capacity.
Heinz Gisel, Regional Manager Asia/Pacific: "The new production and logistic site on the Australian west coast will allow us to optimize manufacturing processes and logistics, capitalize on synergy potential and increase production volumes. By developing and expanding the product portfolio, we are responding to the strong demand from our customers in Western Australia and consequently implement our Strategy 2018."
SIKA ON GROWTH TRAJECTORY IN AUSTRALIA
Over the last five years, Sika has experienced strong double-digit organic growth in Australia. In addition two local companies were acquired: Radmix Resources in 2013 and CTA in 2015.
The latest project for which Sika will supply product technologies is the CHF 1.5 billion State Government-funded Forrestfield-Airport Link. The infrastructure project involves construction of a new rail line, including two eight-kilometer tunnels that will improve connections to and from Perth Airport, the eastern suburbs and regional centers. The new plant in Western Australia puts Sika in a strong position to support the railway project by providing an extensive range of concrete admixtures and waterproofing technologies and technical service.
CONTACT
Dominik Slappnig
Corporate Communications and
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 protection in the building sector and automotive industry. Sika has subsidiaries in 95 countries around the world and manufactures in over 170 factories. Its more than 17,000 employees generated annual sales of CHF 5.49 billion in 2015.
The media release can be downloaded from the following link:
Media Release: http://hugin.info/100359/R/2028327/753982.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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
HUG#2028327
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Sika AG
Zugerstrasse 50 Baar Switzerland
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com (END) Dow Jones Newswires
July 14, 2016 03:30 ET (07:30 GMT)- - 03 30 AM EDT 07-14-16
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