SIKA OPENS PLANT IN GUATEMALA AND STRENGTHENS PRESENCE IN CENTRAL AMERICA

Monday, 17. December 2018 07:00

Sika AG / SIKA OPENS PLANT IN GUATEMALA AND STRENGTHENS PRESENCE IN CENTRAL AMERICA . Processed and transmitted by West Corporation. The issuer is solely responsible for the content of this announcement.

Sika has opened a new production plant in Central America, located in Palin in the metropolitan area of Guatemala City. This move further expands the company's market position in the emerging countries of the region. The portfolio of locally manufactured products includes concrete admixtures, mortars, and liquid applied membranes, which will be used to supply the neighboring countries of Honduras and El Salvador as well as the domestic market.

In Palin, Sika has invested in a state-of-the-art plant, and grouped together and expanded its existing business activities in the Guatemala City metropolitan area. New production lines at the site have been installed for mortars and acrylic liquid applied membranes, and existing production lines for concrete admixtures have been relocated and modernized. The new plant and supply center will result in a six-fold increase in overall capacity. The plant is remarkable thanks to the optimum production processes and the logistic efficiency it delivers. Its modular design means it can be enlarged when demand rises. With the integrated R&D laboratories and customer service center, as well as the distribution warehouse, and the expanded production lines, Sika will improve its customer service and the availability of its innovative product range in the region.

Christoph Ganz, Regional Manager Americas: "With the new site, we have created a strategic hub in the region for further expanding our business in Central America - which has around 36 million inhabitants. In particular, we also want to benefit from the planned investments in infrastructure and the transport sector, which will include new facilities for water supply and schools, as well as bridges and roads."

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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