SIKA EXPANDS MORTAR PRODUCTION IN CHINA
SIKA EXPANDS MORTAR PRODUCTION IN CHINA
With the commissioning of a new production facility in Chengdu, Sika has further expanded its capacity in the rapidly growing mortar market in China. In addition toprofiting from the strong demand, Sika can also benefit from the launch of new products and the expansion of the distributor network offering Sika solutions directly to craftsmen and DIYcustomers.
Mike Campion, Regional Manager Asia/Pacific: "The expanded mortar production in China enables us to address our customers' needs on an even more targeted basis. With a population of 15 million people, Chengdu is one of the most important economic urban centers in Western China. Here we see a growing demand for Sika’s Building Finishing solutions due to large investments in the construction sector. The strong business trend following the corona-related lockdown shows that we are on the right track: our mortar sales have increased significantly this year despite the crisis. We will continue to expand the business and bring two additional plants onstream in the growing Chinese market over the next eighteen months."
STATE INVESTMENT DRIVING GROWTH
China's construction industry is expected to see further growth this year, despite COVID-19. The expansion will be driven by major levels of investment spending on the part of the government, with investment in transportation and energy infrastructure, better intercity connections, and the reduction of environmental pollution. According to estimates, China's construction industry is expected to grow by 6.1% in 2021, with annual growth averaging around five percent until 2029.
Corporate Communications &
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SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 100 countries around the world and manufactures in over 300 factories. Its 25,000 employees generated annual sales of CHF 8.1 billion in 2019. At the end of 2019 Sika won the Swiss Technology Award for a groundbreaking new adhesive technology.
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