Sika has established new national subsidiaries in Djibouti and Cameroon, taking its total number of subsidiaries on the African continent up to 18, and its global total to 97 subsidiaries.
Djibouti is an important location for market access to the neighbouring country of Ethiopia, which is one of the largest in Africa. In addition to developing the local market, the subsidiary will supply Ethiopia’s fast-growing construction market.
The subsidiary established in the city of Douala in Cameroon will assume responsibility for the distribution of concrete admixtures and mortar products throughout the country and will continue to expand Sika’s market share in Cameroon’s flourishing construction market. Sika products have been marketed through distributors in the country for over ten years. Cameroon’s building industry is growing dynamically under the stimulus of investments in infrastructure and residential construction. Important projects include the expansion of the Kribi seaport in the south of the country, the extension of the country’s rail network and the construction of stadiums for the 2019 African Cup of Nations.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/africa-middle-east/23082016/sika-establishes-two-african-subsidiaries-136/