Sika opens technology center in India
Sika AG has put a technology center and production plant into operation in Pune, West India. With the new location, the specialty chemicals company wants to strengthen its position in the construction and industrial business in India.
Sika AG , headquartered in Baar, has opened a new facility in India. In the industrial city of Pune in the state of Maharashtra, the specialty chemicals manufacturer is developing and producing adhesives and sealants for the Indian market in a new technology center and production facility, according to a media release .
The 8-million city of Pune is a leading industrial center, in particular due to its established automobile manufacturers and suppliers. The new Sika location with laboratories for development and a factory for production is conveniently located in terms of traffic in order to be able to supply customers quickly, according to the press release.
“The expansion of our own production facilities as well as our on-site research and development facilities promotes the development of our local know-how and brings enormous advantages to our customers. Customer-specific solutions can be developed, produced and delivered within a very short time. In this way we are laying the basis for Sika's long-term growth and further development in this important market, "said Morten Muschak, Corporate Target Market Manager Industry at Sika, in the press release.
Sika AG wants to benefit from economic growth, increasing urbanization and a favorable investment policy in India. The country is currently home to the fifth largest automobile market in the world. According to forecasts, the construction industry will grow by an average of 6.5 percent per year by 2030. The vehicle industry is expected to grow by more than 10 percent per year, according to the press release.