Sika has successfully closed the acquisition of Akkim, a leading global manufacturer of adhesives and sealants based in Turkey. With this move, Sika aims to further strengthen its position in the adhesives and sealants industry.
Sika has acquired the Dubai-based manufacturer of waterproofing membranes Duproof with an aim to further strengthen its local presence in the UAE. The acquisition will also support the firm’s locally sourced product offering for projects in the region.
Sika has commissioned a new plant and technical center for concrete admixtures in Ham, Belgium. With this move, the company aims to expand its production and innovation capabilities in Europe.
With an aim to expand its global manufacturing network, Sika has launched five new plants across the globe. The facilities are located in the United States, Argentina, Colombia, Bangladesh, and Tanzania.
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With an aim to strengthen its position in the Saudi and GCC construction markets as well as expand its product offering in the region, Sika has acquired Gulf Seal, a leading local manufacturer of bituminous waterproofing membranes.
Located in Qatar, Gulf Additive Factory is one of the most well-known construction chemicals company in the country. With this acquisition, Sika aims to strengthen its presence in Qatar.
Sika aims to strengthen its global presence by launching three new manufacturing investments in China, Brazil, and Morocco. The expansion is part of a broader effort to increase market penetration, and ensure that production capabilities are aligned with customer needs at a regional level.
Under a MOU signed between Sika and Sulzer, both the companies will combine their expertise and work together to establish a joint venture in order to advance plastics recycling in the construction industry.
Sika’s new manufacturing plant in China is expected to produce a full range of products, including mortars, tile adhesives, and waterproofing solutions. With this plant, the company aims to meet the growing market demand.