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Sika AG (OTCMKTS:SXYAY – Get Rating) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 21,300 shares, a decrease of 36.2% from the January 31st total of 33,400 shares. Based on an average trading volume of 122,000 shares, the short-interest ratio is currently […]
Sika has moved into a new site in the East African country of Tanzania and is now locally producing mortars in addition to concrete admixtures. The company has likewise increased the size of its plant in Western Africa’s Ivory Coast with new warehousing capacities and offices, as well as to laboratories and additional manufacturing facilities.
(PLX AI) - Sika FY revenue CHF 9,240 million.• Q4 revenue 4% ahead of consensus• FY sales growth of 17.1% beats the company's guidance of 13-17%• Sika gained market share in all regions, with Americas
Sika is opening a new technology center and manufacturing plant for adhesives and sealants in Pune, a city in the federal state of Maharashtra. Developments at the new R&D laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market.
By opening a new mortar production facility in Jiaxing City, in the province of Zhejiang in Eastern China, Sika has further expanded its production capacity in the rapidly growing Chinese construction market.