Sika
Sales: $2.1 billion
Continues to
expand production
capacity
The strongest momentum for
growth for Sika in 2007,
whose adhesives, sealants
and related construction chemical
products posted sales of $2.1 billion,
came from the East. The largest single
investment in the year was the new
Sikaflex production facility in Düdingen,
Switzerland, which doubles production
capacity for Sikaflex products in Europe.
In Romania construction
began during the year of a
production facility for
admixtures and was scheduled to be completed in
March 2008. Sika also purchased land near Moscow,
taking its first steps
towards construction of
new capacity in the key
growth region of Russia.
Despite a tough economic situation
in the U.S., Sika managed to gain market share in a number of markets. In
the customer group concrete producers,
investments in new production facilities paid off leading to volume growth
and the industrial flooring segment
grew by nearly 20%. Despite sluggish
auto sales Sika acquired new orders for
SikaBaffle and SikaReinforcer.
In 2007 Sika established the region
India, Middle East and Africa (IMEA) in
order to be able to concentrate on the
rapidly growing markets primarily in
India, Saudi Arabia and the UAE. A
regional headquarters was set up in
Dubai. In spring of 2007 a new production facility began operation in Turkey.
To help meet the growing demand in
China, Sika opened its sixth production
plant in the country situated in Suzhou,
outside of Shanghai. The plant produces polyurethane adehe-sives (Sikaflex) adapted to
local needs, concrete admixtures (Sika ViscoCrete) and
mortar.
Company Facts:
Sika AG
Zugerstrasse 50, CH-6341
Baar, Switzerland
Tel: ( 41) 41-768-68-00; Fax: ( 41) 41-768-68-50
www.sika.com
• 2007 SALES REVENUE: $2.1 billion
(2006 SALES: $1.5 billion)
• KEY PERSONNEL: Ernst Bärtschi, CEO;
Markus Zenhäusern, CFO; Alexander Bleibler,
head of construction chemicals division; Jan
Jenisch, head of industry division; Urs Mader;
head of R&D; William E. Loven, regional manager North America; Marcel Smit, regional
manager Asia/Pacific; Silvio Ponti, regional
manager Europe North; and José Luis Vazquez,
regional manager Europe South.
ACQUISITIONS
In Canada, Sika took over
MRT Construction Products in Edmonton, which
is active in the area of
concrete admixtures. Sika also
acquired the business of German
Tricosal GmbH & Co. KG in
Illertissen, one of the leading companies in the area of watertight sealing
of buildings and civil engineering
works. Lastly, Sika acquired the
polymer-based industrial flooring
business of The Valspar Corporation
in the U.S. and further bolsters
Sika’s growth strategy in North
America.
• MAJOR PRODUCTS: Adhesives, sealants and
related construction chemical products.
• 2007 ACQUISITIONS: MRT Construction
Products in Canada; German-based Tricosal
GmbH & Co.; Valspar’s polymer-based industrial
flooring business in the U.S.
SIKA IS A KEY PLAYER IN THE UEFA EURO 2008 CHAMPIONSHIPS
Sika contributed significantly to the new Letzigrund Stadium in Zurich,
host of the European Football Championships UEFA EURO 2008. Only
through continuous optimization of admixtures could large portions of
excavated material be processed into high-quality concrete, thereby saving 6,000
trucking runs. And Sika also played a key
role in other areas of the stadium: the company supplied corrosion protection for the
steel lighting fixtures and for the 22,000 m2
large steel roof construction, a complete
sealing system for the vegetated roof, con-
crete joint seals and 4,500 m2 of flooring.
