Sika has further expanded its international presence with a new mortar manufacturing facility in Dubai, UAE, and a new concrete admixture plant in Réunion.
The new facility in Réunion will help to meet demand from local construction companies and supply large-scale projects such as the new highway ‘Route de Littoral’. Sika has been present in Réunion for two decades through its subsidiary Sika France.
The new mortar plant in the UAE is located at Sika’s premises in the Dubai Investment Park. It will complement the company’s existing facilities in Bahrain and Saudi Arabia.
“The new facilities are important milestones for Sika UAE and Sika Indian Ocean, allowing us to produce and supply our innovative, high quality and environmentally friendly products to satisfy the evolving requirements of our local clients,” said Paul Schuler, Sika Regional Manager EMEA. “With the plant in UAE, we further accelerate the implementation of our global mortar strategy in the EMEA region. With 31% growth in 2014, mortar is Sika’s strongest growing product area as well as one of the key elements of the Strategy 2018.”
Sika has announced that it has agreed to the acquisition of Construction Technologies Australia Pty Ltd (CTA), a leading supplier of tile adhesives and associated mortar products. The acquisition will enable Sika to extend its business in new and existing distribution channels and increase its manufacturing capabilities in the country.
With the addition of the CTA plants, Sika will operate 79 mortar facilities worldwide. Mortar is a key growth area for the company, with its mortar business growing by 31% last year.
In New Zealand, distribution of CTA’s products will transfer to Sika (NZ) Ltd. Key members of the CTA team, including Managing Director Troy Hogan, will remain with the company following the acquisition in order to drive continued growth.
Heinz Gisel, Head of Region Asia/Pacific, commented: “With the acquisition of CTA we will expand and complement our mortar range in Australia as well as gain access to new market channels. We welcome the new employees on board and look forward to developing the business together.”
Adapted from press releases by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/27032015/sika-expansion-and-acquisition-news-593/