Press Release: SWISS FEDERAL COUNCILLOR SCHNEIDER-AMMANN VISITS NEW SIKA FACTORY IN AZERBAIJAN

Sika AG / SWISS FEDERAL COUNCILLOR SCHNEIDER-AMMANN VISITS NEW SIKA

FACTORY IN AZERBAIJAN. Processed and transmitted by Nasdaq Corporate

Solutions. The issuer is solely responsible for the content of this

announcement.

As part of a tour by a government delegation, Swiss Federal Councillor

and Head of the Federal Department of Economic Affairs, Education and

Research Johann Schneider-Ammann, accompanied by Azerbaijani Minister of

Economic Development Shahin Mustafayev and the Swiss Ambassador Philipp

Stalder, visited the new Sika factory near the country's capital, Baku.

The modern facility produces concrete admixtures and mortar for the

local construction market.

The representatives of both countries' governments were highly impressed

by Sika's new factory at Sumgait Chemical Industrial Park to the north

of Baku. It replaces the existing production facility in the center of

the capital and will increase local production capacity. The factory

tour included the recently commissioned mortar production line and the

manufacturing facility for concrete admixtures, which has been moved to

the new site and modernized.

Johann Schneider-Ammann: "Like many of our globally active brands, Sika

is a true representative of the innovative and competitive Swiss private

sector. The new Sika factory is another substantial investment of

Switzerland into the non-oil sector of the economy of Azerbaijan."

Ivo Schädler, Regional Manager EMEA Sika: "As an international

company with Swiss roots, our strategy is to position ourselves early on

in growth markets and steadily expand our commitment. We have been

selling our innovative products in Azerbaijan since 2005. The new,

modern facility not only enables us to expand our product portfolio, it

also means we can enhance product quality while lowering costs and

strengthening our position as a high-caliber supplier to the country's

up-and-coming construction market."

Construction industry on track for growth

Azerbaijan's economy has resumed its growth trajectory. In the next ten

years it is expected to expand by 4.3% p.a. on average. Government

investments in the oil and gas industry and in infrastructure will lend

new stimuli to the construction industry. Major projects currently in

the planning stage include the circular railway Baku-Sumgait-Baku with

23 stations, and Azerbaijan Towers - the world's highest building at

1,050 meters.

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 as PDF and pictures can be downloaded from the

following links:

Ivo Schädler, Johann Schneider-Ammann, Shahin Mustafayev (from

left) http://hugin.info/100359/R/2203853/855256.jpg

The new Sika plant in Azerbaijan

http://hugin.info/100359/R/2203853/855257.jpg

Media Release: http://hugin.info/100359/R/2203853/855214.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

--- End of Message ---

Sika AG

Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;

http://www.sika.com

(END) Dow Jones Newswires

July 10, 2018 01:00 ET (05:00 GMT)