Coatings World - July 2012

10Sika AG Baar, Switzerland www.sika.com

PUBLIC COMPANY
YEAR ESTABLISHED: 1910
REVENUE: $2.837 billion ; (2010: 2.3)

MARKETS SERVED
• Sealants
• Adhesives
• Protective coatings
KEY EXECUTIVES
Walter Grüebler, chairman of the board; Ernst Bärtschi,
CEO; Group management: Alexander Bleibler, construc-
tion, contractors; Christoph Ganz, construction, distribu-
tion; Ernesto Schümperli, construction, concrete; Bruno
Fritsche, industry; Silvio Ponti, Europe North; Hubert Per-
rin De Brichambaut, Europe South; Iven Chadwick,
IMEA; Paul Schuler, North America; Jose Luis Vazquez,
Latin America; Jan Janisch, Asia Pacific.

Sika’s product line includes concrete admixtures, sealants, adhesives, corrosion inhibitors, specialty mortars, epoxy resins, structural strengthening systems, grouts, anchoring adhesives, overlays, and protective coatings. The sale of adhesives, sealants and coatings amounted to approximately $2.837 billion in 2011, up from $2.3 billion the previous year. These products are spread out across the construction segment, which is responsible for about 80 percent of revenue, and the industry segment, which makes up the remaining 20 percent.

In March of the year under review, Sika acquired through its Chinese subsidiary Sika (China) Ltd. a controlling interest in Hebei Jiuqiang Construction Material Co. Ltd., a leading supplier of concrete admixtures in northern China.

As part of its ongoing reorganization in the Middle East, Sika and its local partner founded a regional holding company, Sika Arabia Holding Company WLL, Bahrain, in which Sika holds a 51 percent stake.

At the beginning of July Sika AG acquired BIRO Edwin Bischof AG, a Romanshorn-based plastic products manufacturer with strong skills in multi-component injection molding. BIRO Edwin Bischof AG produces components for the European automotive industry on behalf of Sika, including sound absorbing parts and reinforcers for bodywork structures.

In the same month Sika AG acquired Technokolla S.p.A., a company based in northern Italy and a leader in tile adhesive systems. The Northern Italy-based company generated sales of approximately $47 million in 2010. Sika expects the acquisition to expand its market position in Italy. Based in the northern Italian town of Sassuolo, Technokolla is a subsidiary of the privately owned Fincea Group, of which Iris Ceramica, one of the leading ceramic tile manufacturers in Europe, is also a member. It is number three in the Italian local market for tile adhesive systems as well as having a good presence in the neighbouring countries.

At the end of August Sika AG acquired Colauto Adesivos e Massas Ltda., a Brazilian manufacturer of adhesives and sealants as well as acoustic damping and structural reinforcement elements for Latin America’s fast-growing automobile and transport industry. Colauto is one of the leading suppliers of chemical process materials for the automotive industry in Latin America.

At the beginning of October Sika AG acquired the out-
standing shares through its Spanish subsidiary Sika S.A.U. the
Comercial de Preresa, S.A.U. (Copsa), a company operating in
Spain and Portugal in the fields of flooring, refurbishment and
strengthening.

Sika launches Sikasil product line

Sika Corporation introduced during 2011 the Sikasil line of silicone sealants and adhesives. The product range is an addition to the broad-est technology range of sealants and adhesives offered in North America the company said. Released under the Sikasil brand name, the product range includes: Sikasil-GP, general purpose acetoxy cure; Sikasil-N Plus US, an assembly neutral cure; Sikasil-SG- 10, a neutral fast cure structural adhesive; and Sikasil-WS290 and Sikasil-WS 295 neutral cure for weather sealing and semi-structural applications. Sikasil products are available in multiple colors and package configurations including 10 ounce cartridges, 20 ounce unipacs, and pails and drums for assembly line operations. The products are ideal for general and specialty use in the transportation, appliance and building components markets.