2019

News from Sika in 2019

2019

Sika Acquires Leading Manufacturer of Construction Materials in Romania

25/11/2019

Construction

Sika has agreed to acquire Adeplast SA, a major manufacturer of mortars and thermal insulation solutions in Romania. The acquisition will significantly strengthen Sika’s position in the local construction chemicals market and extend its manufacturing footprint. Adeplast generates sales of CHF 120 million with a workforce of 460 employees. The transaction is subject to clearance by anti-trust authorities.

November

2019

Sika Wins Swiss Technology Award 2019

21/11/2019

Construction

Sika has won the Swiss Technology Award 2019 in the "Innovation Leaders" category. It received the award for its new, high-performance adhesive technology used in lightweight construction in the field of transportation. The prize was awarded on November 21, at the Swiss Innovation Forum in Basel in the presence of 1,000 decision-makers in business, politics, science and the media.

November

2019

Sika Opens Mortar Plant in Ethiopia

14/11/2019

Construction

Sika is starting the operations of a new mortar plant at its existing site in Addis Ababa, Ethiopia, thus expanding its portfolio of locally manufactured products. After building a production facility for concrete admixtures in 2016, this is a further step in extending the presence in the promising Ethiopian construction market.

October

2019

Sika on Track for Record Results - Strong Growth in Sales and EBIT in the First Nine Months

24/10/2019

Construction

▪ Sales growth of 15.1% in local currencies to over CHF 6 billion (+12.9% in CHF)
▪ Growth in all regions
▪ Organic growth of 4.1%
▪ Strong operating profit growth (EBITDA +18.2%, EBIT +10.6%)
▪ Strong cash-flow generation, operating free cash-flow of CHF 555.1 million
▪ Boost to growth thanks to acquisition of Parex as well as of Crevo-Hengxin, King Packaged Materials and Belineco
▪ Opening of five new factories
▪ Outlook: sales of over CHF 8 billion and double-digit EBIT growth for 2019
▪ New Strategy 2023 will ensure Sika’s success in the upcoming years

October

2019

Sika Raises EBIT Target and Gears its Organization Towards Continued Sustainable Growth with Strategy 2023

03/10/2019

Construction

At the 2019 Sika Capital Markets Day being held in Zurich today, CEO Paul Schuler presents the new Strategy 2023, which builds on the current successful growth model. This will set the course for an even stronger performance. In addition to a rise in the long-term EBIT target to 15-18%, the main new elements of Strategy 2023 are the introduction of a new Target Market, “Building Finishing”, a focus on operational efficiency, and a targeted, Group-wide emphasis on environmentally friendly products and sustainability.

September

2019

Sika Acquires Manufacturer of Silicone Sealants and Adhesives in China

09/09/2019

Media Release
Acquisition

Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo- Hengxin generates sales of CHF 50 million, with a workforce of 140 employees.

September

2019

Sika Commissions New Mortar Factory in Cameroon

03/09/2019

Media Release
New Plant

Sika is further expanding its presence in West Africa and starting operations in a new facility for mortars in Cameroon. Following the foundation of the national subsidiary in 2016 and the opening of a concrete admixture plant in 2017, the company is now investing in a new mortar manufacturing facility. In total, Sika has 22 factories on the high-growth African continent. The current business year has already seen investments in new facilities in Egypt and Senegal.

July

2019

Sika on Track for Record Results - Strong Growth in Sales and EBIT in the First Half Year

25/07/2019

Media Release
Financial

▪ Sales growth of 9.6% in local currencies to CHF 3,732.4 million (+7.6% in CHF)
▪ Growth in all regions
▪ Higher gross result – EBIT increase of 8.3%
▪ Conclusion of Parex acquisition provides boost to growth, takeover of King Packaged Materials in Canada and Belineco in Belarus
▪ Opening of three new factories
▪ Outlook: sales of over CHF 8 billion and double-digit EBIT growth for 2019

July

2019

Sika Expands Mortar Plant in Serbia

23/07/2019

Media Release
New Plant

Sika is expanding its production capacities in Southeast Europe by bringing a further mortar facility as well as a warehouse for raw materials and end-products on stream at its Simanovci site in Serbia. The plant, which is located near Belgrade, has been continuously expanded in recent years to keep pace with the dynamic development experienced by the region’s construction sector and strong Sika growth.

June

2019

SikaBit Launch

New Brand

27/06/2019

Roofing

Sika is to build on its UK market leading position as a supplier of liquid-applied and single ply roofing membranes with the launch of the SikaBit® range bituminous roofing systems, developed to answer the requirements of NFRC (National Federation of Roofing Contractors) Safe2Torch guidelines.

June

2019

Sika Partners with Top Architecture Firm to Showcase Innovations in 3D Concrete Printing

12/06/2019

Construction

Sika is partnering with the renowned architects firm, Bjarke Ingels Group (BIG), to showcase its latest 3D concrete printing capabilities at the “Formgiving” Exhibition in Copenhagen, Denmark.

May

2019

Sika opens production plant in Qatar

27/05/2019

Construction

Sika is starting operations at a plant in Doha, Qatar, for the production of concrete admixtures. The country on the east coast of the Arabian peninsula is an attractive market thanks to large-scale infrastructure investment and a number of mega projects, both ongoing and planned.

May

2019

Sika completes acquisition of Parex

23/05/2019

Construction

Sika has completed the acquisition of Parex on May 23, 2019. The deal was announced on January 8, 2019. With annual sales of CHF 1.2 billion, Parex is a leading mortar manufacturer with an impressive track record of profitable growth and attractive margins. Sika and Parex are two strong companies that are highly complementary in product offering and channel penetration. With this acquisition, Sika will expand its product portfolio for the building finishing market, further strengthening its world leader position in construction chemicals, and reaching sales in excess of CHF 8 billion for 2019.

April

2019

Sika Successfully Places EUR 1,000 Million Dual-Tranche Bonds

15/04/2019

Media Release
Financial

Sika Capital B.V. in the Netherlands, with a guarantee from Sika AG, today successfully completed a dual-tranche bonds offering with a total amount of EUR 1,000 million. The payment date of the bonds is April 29, 2019. The bonds were placed under the global coordination of Citigroup, with Citigroup, UBS Investment Bank and Credit Suisse acting as joint lead managers. The bonds are planned to be listed on the Irish Stock Exchange ("Euronext Dublin"). Sika intends to use the net proceeds from the bonds offering for the partial financing of the recently announced acquisition of the Parex Group.

April

2019

Annual General Meeting Approves Board of Directors' Proposals

09/04/2019

General Meeting
Media Release

▪ All the Board of Directors' proposals were approved by shareholders at the 51st
▪ Annual General Meeting of Sika AG on April 9, 2019.

April

2019

Successful Start to the Year with 7.1% Sales Growth in First Quarter

09/04/2019

Construction

▪ Sales growth of 7.1% in local currencies to CHF 1,644.8 million (+5.8% in CHF)
▪ Growth in all regions
▪ Start-up of new mortar factory in Senegal
▪ Announced acquisition of three companies: Parex, global, King Packaged Materials, Canada, and Belineco, Belarus
▪ Confirmation of outlook with sales target of at least CHF 8 billion in 2019

April

2019

Sika Expands Production Capacities in Egypt

04/04/2019

New Plant
Media Release

Sika is developing its mortar plant in Alexandria, Egypt, and investing in additional production lines. This expansion will bring its capacities into line with the rising demand from the booming construction market. Egypt has one of the largest populations of all the countries in the region, with some 100 million inhabitants and a thriving construction industry.

March

2019

New Head Construction and Member of Group Management

29/03/2019

Media Release
Management

The Board of Directors of Sika has appointed Philippe Jost as new Head Construction and Member of Group Management effective June 1, 2019.

March

2019

Sika Starts Mortar Production in Senegal

26/03/2019

Media Release
New Plant

Sika is expanding production capacity in Senegal, West Africa, by opening a mortar production facility at its existing factory in Dakar. The plant will initially manufacture tile adhesives, grouts, concrete repair and waterproofing mortars and at a later stage cementitious flooring solutions.

March

2019

2019 Annual General Meeting of Sika AG

15/03/2019

Media Release
General Meeting

▪ April 9, 2019 confirmed as date of the Annual General Meeting
▪ Ulrich W. Suter is not standing for re-election
▪ All other current members of the Board of Directors are standing for re-election
▪ Board of Directors proposes to elect Thierry Vanlancker and Victor Balli to the Board of Directors
▪ Vote on 10.8% gross dividend increase to CHF 2.05 per share

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News from 2019

News from Sika in 2019

Sika Acquires Leading Manufacturer of Construction Materials in Romania

Sika Wins Swiss Technology Award 2019

Sika Opens Mortar Plant in Ethiopia

Sika on Track for Record Results - Strong Growth in Sales and EBIT in the First Nine Months

Sika Raises EBIT Target and Gears its Organization Towards Continued Sustainable Growth with Strategy 2023

Sika Acquires Manufacturer of Silicone Sealants and Adhesives in China

Sika Commissions New Mortar Factory in Cameroon

Sika on Track for Record Results - Strong Growth in Sales and EBIT in the First Half Year

Sika Expands Mortar Plant in Serbia

SikaBit Launch

Sika Partners with Top Architecture Firm to Showcase Innovations in 3D Concrete Printing

Sika opens production plant in Qatar

Sika completes acquisition of Parex

Sika Successfully Places EUR 1,000 Million Dual-Tranche Bonds

Annual General Meeting Approves Board of Directors' Proposals

Successful Start to the Year with 7.1% Sales Growth in First Quarter

Sika Expands Production Capacities in Egypt

New Head Construction and Member of Group Management

Sika Starts Mortar Production in Senegal

2019 Annual General Meeting of Sika AG

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News from 2019

News from Sika in 2019

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Sika Acquires Leading Manufacturer of Construction Materials in Romania

Sika Wins Swiss Technology Award 2019

Sika Opens Mortar Plant in Ethiopia

Sika on Track for Record Results - Strong Growth in Sales and EBIT in the First Nine Months

Sika Raises EBIT Target and Gears its Organization Towards Continued Sustainable Growth with Strategy 2023

Sika Acquires Manufacturer of Silicone Sealants and Adhesives in China

Sika Commissions New Mortar Factory in Cameroon

Sika on Track for Record Results - Strong Growth in Sales and EBIT in the First Half Year

Sika Expands Mortar Plant in Serbia

SikaBit Launch

Sika Partners with Top Architecture Firm to Showcase Innovations in 3D Concrete Printing

Sika opens production plant in Qatar

Sika completes acquisition of Parex

Sika Successfully Places EUR 1,000 Million Dual-Tranche Bonds

Annual General Meeting Approves Board of Directors' Proposals

Successful Start to the Year with 7.1% Sales Growth in First Quarter

Sika Expands Production Capacities in Egypt

New Head Construction and Member of Group Management

Sika Starts Mortar Production in Senegal

2019 Annual General Meeting of Sika AG

Get in touch

Follow Us

Contact Us

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