International expansion with a focus on emerging markets
Sika has expanded one site each in China and Brazil and built a new plant in Morocco. The globally active speciality chemicals company for construction and industry aims to benefit from the growth of the construction industry in these regions.
As part of its local-for-local strategy, Sika is expanding its presence in China, Brazil and Morocco. In China, the globally active speciality chemicals company for construction and industry has expanded its existing site in the Suzhou metropolitan region, Sika announced in a press release. The site produces polyurethane bonding and sealing solutions for the automotive, construction and industrial sectors.
In Brazil, Sika has expanded its site near Belo Horizonte. In this strategically important industrial region of the country, Sika manufactures admixtures for ready-mix concrete, cement and mining. The company has built a new plant for mortar and admixtures near Agadir. From here, Sika intends to supply the south of Morocco and neighbouring markets.
“These site investments reflect our customers’ trust in us and our long-term commitment to our markets,” said Sika CEO Thomas Hasler in the press release. “By expanding our local production capacities, we are not only improving flexibility, but also creating a resilient, sustainable foundation for our continued growth alongside our long-standing customers and partners.” Sika expects the construction industry in the three countries to grow by more than 4 per cent annually until 2028.