30.10.2017 09:30:43

Press Release: SIKA OPENS SECOND PRODUCTION FACILITY IN ANGOLA

Sika AG / SIKA OPENS SECOND PRODUCTION FACILITY IN ANGOLA. Processed

and transmitted by Nasdaq Corporate Solutions. The issuer is solely

responsible for the content of this announcement.

Sika is expanding its presence in Africa and opens a new facility in the

Angolan capital, Luanda. In addition to the production of concrete

admixtures in an existing factory, mortar products - one of the Sika

Group's fastest-growing areas of business - will also be manufactured

locally.

With the additional production capacities in Angola, Sika is moving

further toward its goal of covering about 70% of the market potential on

the African continent with its own subsidiaries and production

facilities. In this West African nation, the construction industry is

receiving considerable impetus from major investments in infrastructure

and in residential, industrial and commercial properties. Sika has also

recently commissioned mortar production facilities in the countries of

Nigeria and Ivory Coast.

Ivo Schädler, Regional Manager EMEA: "In the last five years alone,

we have greatly strengthened our presence on the African continent, and

now have 19 national subsidiaries and 18 production facilities. We are

positioning ourselves in the markets early so that we can benefit from

the construction boom triggered by rapid population growth and

urbanization. We have been highly successful with this strategy in

Africa: in the last five years we have seen 22% annual growth."

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 protection in the building sector and

automotive industry. Sika has subsidiaries in 99 countries around the

world and manufactures in over 190 factories. Its more than 17,000

employees generated annual sales of CHF 5.75 billion in 2016.

The media release can be downloaded from the following link:

Media Release: http://hugin.info/100359/R/2145319/822350.pdf

This announcement is distributed by Nasdaq Corporate Solutions on behalf

of Nasdaq 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

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Sika AG

Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;

http://www.sika.com

(END) Dow Jones Newswires

October 30, 2017 04:30 ET (08:30 GMT)

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