30.10.2017 09:30:43
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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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