SIKA EXPANDS ITS PRESENCE IN UNITED ARAB EMIRATES WITH A NEW FACTORY IN DUBAI

Tuesday, 21. August 2018 07:00

Sika AG / SIKA EXPANDS ITS PRESENCE IN UNITED ARAB EMIRATES WITH A NEW FACTORY IN DUBAI . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Sika is developing its operations in the United Arab Emirates (UAE) with the opening of a new factory in Dubai. An existing production facility for concrete admixtures has been relocated to the new site and expanded. A state-of-the-art mortar facility and a reactor for producing polymers have been installed and will constitute the basis for the production of high-performance concrete admixtures. Furthermore, the new facility will play a strategic role as a sales and distribution center for the region.

Sika has grouped together and greatly expanded its mortar and concrete admixtures production, warehouse capacity, and offices at the  new location in Dubai Industrial City. Material streams, logistics, and the cost structure will thus be optimized, and the course set for further growth. The local polymer production facility will help to significantly cut costs and make it possible to supply customers located in all states of the Gulf Cooperation Council (GCC) with customized concrete admixtures for demanding construction projects.

Ivo Schädler, Regional Manager EMEA: "The new site in Dubai Industrial City is conveniently located between Dubai and Abu Dhabi and has been established as our strategic production, distribution, and sales center for the entire GCC area. We have thus created the ideal conditions for developing our growth potential in these booming construction markets."

CONSTRUCTION SECTOR BENEFITING FROM ECONOMIC DIVERSIFICATION
The UAE wants to reduce its dependence on oil and to diversify its economy. The construction industry is benefiting from growing tourism as well as from the UAE's development into a regional logistics center and a hub for renewable energies and green technologies. Moreover, Dubai has been selected to host Expo 2020, which will provide a further boost to the construction sector. Estimates put growth at close to 7% for the next few years.

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.

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Source: Sika AG via Globenewswire

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Sika AG
Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;


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