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SIKA TO DIVEST EUROPEAN INDUSTRIAL COATINGS BUSINESS

SIKA TO DIVEST EUROPEAN INDUSTRIAL COATINGS BUSINESS Sika has agreed to sell its European industrial coatings business, based in Germany, to The. ....

Baden Wüberg , Dominik Slappnig , Sika Group , Sherwin Williams Company , Corporate Communications , Regional Manager , Swiss Stock Exchange Sika , Sika Ag , சிகா குழு , ஷெர்வின் வில்லியம்ஸ் நிறுவனம் , பெருநிறுவன தகவல்தொடர்புகள் , பிராந்திய மேலாளர் , சுவிஸ் ஸ்டாக் பரிமாற்றம் சிகா ,

SIKA EXPLOITS FURTHER GROWTH POTENTIAL IN QATAR

SIKA EXPLOITS FURTHER GROWTH POTENTIAL IN QATAR
In Qatar, Sika has expanded its production capacity for concrete admixtures and has started manufacturing epoxy resins. Epoxy resins are key components in high-quality floor coverings and adhesives. With its enlarged portfolio and its local production capacity, Sika wants to exploit market potential and drive forward the focused expansion of its business in the region.
This latest investment in expansion in Qatar’s capital, Doha, will help Sika to continue building its business in this fast-growing region so that it can benefit from the dynamic development in the construction market. The sector is being boosted in particular by major projects and for the expansion of energy and utilities infrastructure, as well as stimuli induced by government tenders. Thanks to its local production facilities, Sika is also able to comply with the terms applicable to construction projects in the country. Qatar’s state sourcing policy stip ....

Ad Daw Ah , Dominik Slappnig , Corporate Communications , Regional Manager , Swiss Stock Exchange Sika , Sika Ag , பெருநிறுவன தகவல்தொடர்புகள் , பிராந்திய மேலாளர் , சுவிஸ் ஸ்டாக் பரிமாற்றம் சிகா ,

SALES GROWTH OF 3.4% IN LOCAL CURRENCIES FOR 2020 – STRONG Q4 INCREASE OF 5.5%

Sales growth of 3.4% in local currencies for 2020 – strong Q4 increase of 5.5%
Sales increase of 3.4% in local currencies – 2020 sales at CHF 7.88 billion (–2.9% in CHF)
Strong growth of 5.5% in the fourth quarter (organic: 4.1%)
Completion of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt), expansion of partnership with CiDRA Concrete Systems (United States)
Establishment of new factories in Colombia and China, alongside factory expansions in the United Arab Emirates, France, and Switzerland
For 2020, Sika is anticipating an over-proportional increase in EBIT and an EBIT margin of around 14%
Confirmation of 2023 strategic targets for sustainable, profitable growth
2020 was a year characterized by the deep-rooted challenges caused all around the world by COVID-19. Lockdowns – in many cases prolonged – in most of the hundred countries in which Sika is active resulted in significant restrictions on constructio ....

United Arab Emirates , United States , France General , United Kingdom , Eden Prairie , New Zealand , Gournay En Bray , Haute Normandie , Dominik Slappnig , Paul Schuler , Corporate Communications , Group Egypt , Cidra Concrete Systems Inc , Group Management , Swiss Technology Award , Modern Waterproofing Group , Chief Executive Officer , Middle East , Eastern Europe , Target Market , Modern Waterproofing , North America , Latin America , Systems Inc , Southeast Asia , Annual General ,