17.12.2018 06:59:50
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Press Release: SIKA OPENS PLANT IN GUATEMALA AND STRENGTHENS PRESENCE IN CENTRAL AMERICA
Sika AG / SIKA OPENS PLANT IN GUATEMALA AND STRENGTHENS PRESENCE IN
CENTRAL AMERICA. Processed and transmitted by West Corporation. The
issuer is solely responsible for the content of this announcement.
Sika has opened a new production plant in Central America, located in
Palin in the metropolitan area of Guatemala City. This move further
expands the company's market position in the emerging countries of the
region. The portfolio of locally manufactured products includes concrete
admixtures, mortars, and liquid applied membranes, which will be used to
supply the neighboring countries of Honduras and El Salvador as well as
the domestic market.
In Palin, Sika has invested in a state-of-the-art plant, and grouped
together and expanded its existing business activities in the Guatemala
City metropolitan area. New production lines at the site have been
installed for mortars and acrylic liquid applied membranes, and existing
production lines for concrete admixtures have been relocated and
modernized. The new plant and supply center will result in a six-fold
increase in overall capacity. The plant is remarkable thanks to the
optimum production processes and the logistic efficiency it delivers.
Its modular design means it can be enlarged when demand rises. With the
integrated R&D laboratories and customer service center, as well as the
distribution warehouse, and the expanded production lines, Sika will
improve its customer service and the availability of its innovative
product range in the region.
Christoph Ganz, Regional Manager Americas: "With the new site, we have
created a strategic hub in the region for further expanding our business
in Central America - which has around 36 million inhabitants. In
particular, we also want to benefit from the planned investments in
infrastructure and the transport sector, which will include new
facilities for water supply and schools, as well as bridges and roads."
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/2229026/875570.pdf
This announcement is distributed by West Corporation on behalf of West
Corporation 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
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Sika AG
Zugerstrasse 50 Baar Switzerland
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com
(END) Dow Jones Newswires
December 17, 2018 01:00 ET (06:00 GMT)
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