In order to participate in the growing markets in the Sub-Saharan region, Sika is opening its first admixture and mortar production facilities in Nigeria and Ivory Coast, and has also established new subsidiaries in Ethiopia and Tanzania. Through this, Sika continues its successful expansion strategy, and once complete, will have enlarged its presence to sixteen countries on the African continent.
Paul Schuler, Regional Manager EMEA, emphasizes the importance of Sika’s expansion in Africa’s Sub-Saharan region: “Our new production facilities in Nigeria and Ivory Coast and our new subsidiaries in Tanzania and Ethiopia represent another milestone in the consequent execution of Sika’s Strategy 2018. With the latest investments we will further accelerate our growth in Sub-Saharan Africa and increase Sika’s market share. It demonstrates our strong belief in the potential and the prosperous future of the continent.“
Sika established the subsidiary in Nigeria and Ivory Coast in 2014, and is now investing in local production facilities for high-quality concrete admixtures and mortars in Lagos and Abidjan. These will supply the booming construction, refurbishment and maintenance markets in both companies.
Nigeria as the biggest economy in Africa and with a high annual rate of growth will have major requirements in the construction sector. The Ivory Coast, although small, also offers a promising growth potential for Sika. Cement consumption in both countries is expected to grow by 9% in 2015.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/africa-middle-east/13102015/sika-opens-admixture-production-facilities-760/