Sika has brought another mortar factory on stream in Ecuador, and set up a new subsidiary in Nicaragua, thereby expanding its presence in Latin America. These two growth initiatives tap into additional potential in the region and mark the ongoing successful implementation of Strategy 2018.
The new mortar factory in Durán near Guayaquil includes a packaging and logistics unit in addition to the production lines that will expand the product portfolio in the fast-growing mortar segment. The production facility is Sika’s second in Ecuador. The increased production capacity will enable Sika to expand its market share and continue to tap into the potential offered by Ecuador's construction sector.
The Nicaraguan subsidiary has been set up in Managua so that it can distribute its own products and further increase its share in the country’s flourishing construction market. Sika products have been marketed through distributors in the country since 1998 and are an established brand.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/the-americas/21062016/sika-expands-presence-in-latin-america-308/