Sika has established a new national subsidiary in Kuwait, thereby expanding its position in the Middle East. The creation of this 94th subsidiary worldwide marks a further step forward in the implementation of Sika’s growth strategy, which aims to expand the Group’s international presence to 100 national subsidiaries by 2018.
Kuwait’s construction market is set to grow at a tremendous pace, with investments of just un US$30 billion in the focus areas of real estate and infrastructure. At a national level, key construction projects at national level include an airport extension and upgrade of the metropolitan transportation network, which alone count for a total investment of US$13 billion. The new national subsidiary perfectly positions Sika to supply high quality concrete admixtures and refurbishment products directly to customers in Kuwait and to benefit from the country’s booming construction market. Sika products are already being used in the construction of a new university and several road building projects. The Kuwait market has been serviced from neighbouring countries since 2010.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/europe-cis/01042016/sika-establishes-subsidiary-in-kuwait-805/