2016

Sika News from 2016

2016

Sika Drives Forward Operational Implementation in African Growth Market: Production Facility Established in Ethiopia

20/12/2016

New Plant
Media Release

Approximately one year after its national subsidiary was founded in Ethiopia, Sika is opening the first concrete admixture production plant in the country. Sika is the first-ever international company to manufacture its products locally, and the move creates a base from which to build up business activities in the growth market, which has a total population of approximately 100 million.

December

2016

Sika Acquires Rmax Operating, LLC, in the United States and Further Strengthens its North American Market Position

14/12/2016

Media Release
Acquisition

Sika has agreed to acquire Rmax Operating, LLC, a US-based market leader in the production of polyiso insulation products for complete Building Envelope solutions (roofing and wall systems). The acquisition brings technology and know-how that will accelerate Sika’s growth and drive innovation in the North American market via the strong synergies between the companies. Rmax generated sales in excess of USD 75 million in 2016. The transaction is subject to clearance by anti-trust authorities.

October

2016

Judgement of the Cantonal Court of Zug Expected Today at 8.00 P.M. CET

28/10/2016

Media Release

The Cantonal Court of Zug has informed Sika that it will communicate the judgment to the parties in the case regarding the challenge of certain resolutions adopted by the Annual General Meeting of Sika in 2015 this evening. The judgment will be published on the website of the Cantonal Court at 8.00 p.m. CET. The judgment concerns the legality of the restriction of the voting rights of Schenker-Winkler Holding AG to 5% of all registered shares. Sika will issue a media release when the judgement is known.

October

2016

Court Rejects the Challenge Action of Schenker-Winkler Holding AG

28/10/2016

Media Release

In its decision of October 27, 2016, the Cantonal Court (“Kantonsgericht”) Zug denied all requests of Schenker-Winkler Holding AG (SWH). The Court held that the share transfer restriction (“Vinkulierung”, art. 4 of Sika’s articles of association) applies to the sale of the Sika shares held by SWH to Saint-Gobain.

October

2016

Record Sales and Profit, Growth in All Regions, Net Profit Surges 22.9%

27/10/2016

Nine Months Report
Media Release
Financial

▪ Sales growth of 6.3% in local currencies (5.8% in CHF)
▪ Growth in all regions
▪ Operating profit (EBIT) 20.6% higher, net profit up 22.9%
▪ Continued pursuit of growth strategy with four new national subsidiaries and eight new factories
▪ Confirmation of annual targets 2016, new record in sales and profit expected

October

2016

Sika Has Agreed to Acquire a Leading Mortar Manufacturer in Hong Kong

18/10/2016

Media Release
Acquisition

Sika has agreed to acquire Ronacrete (Far East) Ltd., one of the leading suppliers of repair mortars, tile adhesives and other mortar products in Hong Kong. This acquisition is in line with the global expansion of the high-margin mortar business – a core component of Strategy 2018. The Ronacrete plant brings Sika’s mortar footprint to 89 factories worldwide.

September

2016

Sika Automotive Opens New Factory in Brazil

16/09/2016

New Plant
Media Release

Sika is tapping into the future potential of the automotive sector in Latin America by opening a new factory for adhesives and acoustic products in Sao Paulo, Brazil. Today, more than 25 million vehicles produced worldwide are made stronger and safer with the company’s structural adhesives, while its acoustic systems reduce interior noise by more than 30%.

September

2016

Sika Opens Mortar Technology Center in Germany

01/09/2016

Media Release

Sika has opened a technology center focusing on the further and new development of mortar products in Rosendahl, Germany. Following a construction period of 14 months, it was inaugurated in an official ceremony.

September

2016

Sika Acquires US Concrete Fiber Producer

01/09/2016

Media Release
Acquisition

Sika has acquired FRC Industries a fiber manufacturer based in Tuscaloosa, Alabama. The company offers a full line of high quality synthetic polypropylene and steel fibers for concrete. This acquisition will accelerate growth in the USA and further establish Sika as a comprehensive supplier of solutions for the construction industry.

August

2016

Sika Opens New National Subsidiaries in Djibouti and Cameroon

23/08/2016

Media Release

The establishment of new national subsidiaries in Djibouti and Cameroon takes the total number of subsidiaries on the African continent to 18. This increases Sika’s international presence to a global total of 97 national subsidiaries.

July

2016

Continuation of Dynamic Growth, Net Profit Surges 24.8%

29/07/2016

Half-year Report
Media Release
Financial

▪ Sales growth of 7.6% (6.9% in CHF) to CHF 2,806 million
▪ Growth in all regions
▪ Net profit up 24.8%
▪ 2 new national subsidiaries; 6 new factories
▪ Confirmation of annual targets: 6–8% sales growth and disproportionately high growth in profitability

July

2016

Sika Expands its Production Site in Bludenz, Austria

25/07/2016

Sika is investing around CHF 2.2 million in the expansion of its production site in Bludenz, Austria. A new warehouse and a new manufacturing line for waterbars is being added to the existing site.

July

2016

Sika Expands its Production Site in Bludenz, Austria

20/07/2016

New Plant
Media Release

Sika is investing around CHF 2.2 million in the expansion of its production site in Bludenz, Austria. A new warehouse and a new manufacturing line for waterbars is being added to the existing site.

June

2016

Rewards for Young Professionals Announced

30/06/2016

The winners of the annual Construction Development Alliance (CDA) Awards were revealed recently at Burnley Mechanics Theatre, during a ceremony hosted by television personality Dominic Littlewood.

June

2016

Sika Strengthens Presence in Latin America

27/06/2016

Sika continues to expand its presence in Latin America. Another mortar factory has come on stream in Ecuador, and a new subsidiary has been set up in Nicaragua. These two growth initiatives tap into additional potential in Latin America and mark the ongoing successful implementation of Strategy 2018.

June

2016

Challenge of Certain Decisions of Annual General Meeting 2016 by Schenker-Winkler Holding

22/06/2016

General Meeting
Media Release

Sika has today been informed that Schenker-Winkler Holding AG (SWH) challenges certain decisions of the Annual General Meeting of Sika of April 12, 2016. With its action SWH challenges essentially the re-election to the board of directors of Monika Ribar as well as Paul Hälg, Daniel Sauter, Ulrich Suter and Christoph Tobler as well as the non-election of Jacques Bischoff as a board member.

June

2016

Sika Launches Innovative Sustainability Hub

13/06/2016

Architects, contractors and clients are set to save time and hassle with Sika’s Sustainability Hub, a new website tool packed with tools for those specifying projects with a sustainability requirement.

June

2016

Sika Opens Second Factory in Thailand

07/06/2016

New Plant
Media Release

Sika is expanding its supply chain footprint in Thailand by inaugurating a mortars and concrete admixtures plant. The new facility in Saraburi, 100 km North of Bangkok, is the Group's second in the country. This latest investment will enable Sika to meet the needs of Thailand’s booming construction market, expand its local product portfolio and continue its strong growth.

May

2016

Sika's Cutting-Edge Technology in Gotthard Base Tunnel

31/05/2016

Media Release
Waterproofing

June 1 marks the official inauguration of the world's longest rail tunnel. Sika's front-line technologies and construction expertise played a crucial role in the successful completion of one of Europe's most important infrastructure projects. The immensely challenging quality requirements were met through the use of Sika's durable solutions for waterproofing, fire protection, coatings, and concrete and shotcrete production.

May

2016

Appointment of Yumi Kan to Sika Group Management

12/05/2016

Management
Media Release

Sika has appointed Yumi Kan as its new Head Building Systems & Industry and Member of Group Management effective July 1, 2016. The 45 year old Vietnamese succeeds Silvio Ponti, who has decided to retire at the end of 2016.

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Sika News 2016

Sika News from 2016

Sika Drives Forward Operational Implementation in African Growth Market: Production Facility Established in Ethiopia

Sika Acquires Rmax Operating, LLC, in the United States and Further Strengthens its North American Market Position

Judgement of the Cantonal Court of Zug Expected Today at 8.00 P.M. CET

Court Rejects the Challenge Action of Schenker-Winkler Holding AG

Record Sales and Profit, Growth in All Regions, Net Profit Surges 22.9%

Sika Has Agreed to Acquire a Leading Mortar Manufacturer in Hong Kong

Sika Automotive Opens New Factory in Brazil

Sika Opens Mortar Technology Center in Germany

Sika Acquires US Concrete Fiber Producer

Sika Opens New National Subsidiaries in Djibouti and Cameroon

Continuation of Dynamic Growth, Net Profit Surges 24.8%

Sika Expands its Production Site in Bludenz, Austria

Sika Expands its Production Site in Bludenz, Austria

Rewards for Young Professionals Announced

Sika Strengthens Presence in Latin America

Challenge of Certain Decisions of Annual General Meeting 2016 by Schenker-Winkler Holding

Sika Launches Innovative Sustainability Hub

Sika Opens Second Factory in Thailand

Sika's Cutting-Edge Technology in Gotthard Base Tunnel

Appointment of Yumi Kan to Sika Group Management

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Sika News 2016

Sika News from 2016

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Sika Drives Forward Operational Implementation in African Growth Market: Production Facility Established in Ethiopia

Sika Acquires Rmax Operating, LLC, in the United States and Further Strengthens its North American Market Position

Judgement of the Cantonal Court of Zug Expected Today at 8.00 P.M. CET

Court Rejects the Challenge Action of Schenker-Winkler Holding AG

Record Sales and Profit, Growth in All Regions, Net Profit Surges 22.9%

Sika Has Agreed to Acquire a Leading Mortar Manufacturer in Hong Kong

Sika Automotive Opens New Factory in Brazil

Sika Opens Mortar Technology Center in Germany

Sika Acquires US Concrete Fiber Producer

Sika Opens New National Subsidiaries in Djibouti and Cameroon

Continuation of Dynamic Growth, Net Profit Surges 24.8%

Sika Expands its Production Site in Bludenz, Austria

Sika Expands its Production Site in Bludenz, Austria

Rewards for Young Professionals Announced

Sika Strengthens Presence in Latin America

Challenge of Certain Decisions of Annual General Meeting 2016 by Schenker-Winkler Holding

Sika Launches Innovative Sustainability Hub

Sika Opens Second Factory in Thailand

Sika's Cutting-Edge Technology in Gotthard Base Tunnel

Appointment of Yumi Kan to Sika Group Management

Get in touch

Follow Us

Contact Us

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