• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

    Miller Paint Declares Simple Serenity its 2021 Color of the Year

    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Miller Paint Declares Simple Serenity its 2021 Color of the Year

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Zeppelin Acquires MTI Mischtechnik
    Additives
    Binders
    Pigments
    Solvents

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    LANXESS Acquires Biocides Specialist INTACE

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase

    AOC Announces Price Increase
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Keim Additec Surface USA LLC

    Eagle Specialty Products

    Pilot Chemical Company

    Shepherd Color Company, The

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    ROSS Mixers

    Pilot Chemical Company

    Shepherd Color Company, The

    Active Minerals

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Sika AG Announces Record Sales and Growth in all Regions

    ...

    Related CONTENT
    • Paul Schuler Succeeds Jan Jenisch as CEO Sika
    • Sika AG Makes Investment in Larger Production Site in Kazakhstan
    • Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA
    • Sika Establishes 98th National Subsidary in Senegal
    • Sika AG: Strong Start to the Year with 10.7% Sales Growth in the First Quarter of 2017
    01.10.17
    Sika AG has announced that in 2016, the company saw sales climb by 5.6% in local currencies to the equivalent of CHF 5.75 billion. Investments in new factories and national subsidiaries, as well as market launches of new products, contributed to the broad-based organic growth of 4.7%. A record profit is expected for business year 2016. 

    Total sales for 2016 rose by 5.6% to the equivalent of CHF 5.75 billion. Due to the strong figures from the previous year and shifts in demand, growth in the markets during the fourth quarter of 2016 fell just short of the expectations. All regions managed to lift turnover and gain further market share. Strong above-average growth rates were recorded in the USA, Mexico, the UK, Africa, Southeast Asia and Australia, as well as in the automotive business area. 

    Jan Jenisch, CEO: "We continued to successfully implement our growth strategy and achieved an increase in sales of over 5% in the business year 2016. We also expect record figures for operating profit and net profit. With investments in nine new factories, four additional national subsidiaries and four acquisitions, we have established the basis for future growth. These 17 key investments, together with our pipeline of new products and our strong sales organization, allow us to look with much confidence to the future. Our thanks go to our global management team and our more than 17,000 employees whose expertise and dedication - in the face of sometimes challenging conditions in some markets - have again generated record sales." 

    Sales in the region EMEA (Europe, Middle East, Africa) rose by 4.8% in local currencies. In the core markets of Germany, France, Spain and Italy good growth rates were recorded. Strong above-average growth was achieved in the UK, Russia, Eastern Europe and Africa. Sika has 18 national subsidiaries and 15 production sites on the African continent, and continues to expand its presence. New national subsidiaries were established in Kuwait, Cameroon and Djibouti. A new concrete admixture production plant was opened in the Ethiopian capital Addis Ababa and a mortar factory in Kryoneri, near Athens.

    Sales in the region North America rose by 7.8% in local currency. The main growth drivers here are the accelerated expansion of the supply chain and the investments in the sales force in fast-growing metropolitan areas. Three acquisitions in attractive market segments will generate momentum for future growth. The Group was joined by L.M. Scofield, a market leader in color additives for ready-mix concrete, and FRC Industries, a manufacturer of fibers for concrete. The acquisition of Rmax enables the expansion of the portfolio for building envelope, wall- and roofing insulation technologies.

    The region Latin America recorded a 5.0% sales increase in local currencies. Mexico, Argentina and Chile all developed strongly. By contrast, the continuing economic crisis in Brazil and a significant fall in the value of some local currencies led to a downturn in business activity. Investments in the region include a new mortar products factory in Guayaquil, Ecuador, an automotive factory for adhesives and acoustics solutions in Sao Paulo, Brazil, and the establishment of a new national subsidiary in Nicaragua.

    The region Asia/Pacific recorded growth of 3.6%. The dynamic performance of the markets in Southeast Asia and the Pacific area led to strong sales gains. China achieved positive growth figures in the second half of the year. Investments in the region include the acquisition of Ronacrete Ltd., a leading mortar producer in Hong Kong, and the opening of a new factory in Perth on the west coast of Australia. A second factory for mortar and concrete admixtures was commissioned in Saraburi, Thailand. First factories were opened in both Phnom Penh, Cambodia and Yangon, Myanmar.

    An above-average profit increase resulting in an operating profit (EBIT) between CHF 780 and 800 million is expected for business year 2016.

    In the business year 2017 Sika continues to pursue its growth strategy and targets a 6-8% rise in sales to reach CHF 6 billion for the first time, along with a disproportionately high increase in profit, the opening of 6 to 8 new factories and 3 to 4 national subsidiaries.

    With investments in nine new factories, four additional national subsidiaries and four acquisitions, the basis for future growth has been established. These 17 key investments, together with the pipeline of new products and the strong sales organization, allow the Group to look with much confidence to the future.
    Suggested For You
    Paul Schuler Succeeds Jan Jenisch as CEO Sika Paul Schuler Succeeds Jan Jenisch as CEO Sika
    Sika AG Makes Investment in Larger Production Site in Kazakhstan Sika AG Makes Investment in Larger Production Site in Kazakhstan
    Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA
    Sika Establishes 98th National Subsidary in Senegal Sika Establishes 98th National Subsidary in Senegal
    Sika AG: Strong Start to the Year with 10.7% Sales Growth in the First Quarter of 2017 Sika AG: Strong Start to the Year with 10.7% Sales Growth in the First Quarter of 2017
    Sika Announces Date of 2017 Annual Meeting Sika Announces Date of 2017 Annual Meeting
    Sika Achieves Record Results in 2016, Strategic Targets Raised Sika Achieves Record Results in 2016, Strategic Targets Raised
    Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016 Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016
    Bühler Invests and Grows Bühler Invests and Grows

    Related Breaking News

    • Breaking News | Product news | Special Purpose Coatings
      IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

      IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

      Ecocoat Quartz+ is reinforced with graphene nanoplatelets for enhanced durability of up to 4 years.
      Coatings World staff 01.20.21

    • Architectural Coatings | Breaking News | Color Trends & Forecast
      TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

      TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

      Paint brand releases 2021-22 color report, new home-grown palettes for Australia.
      Coatings World staff 01.20.21

    • Architectural Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Miller Paint Declares Simple Serenity its 2021 Color of the Year

      Miller Paint Declares Simple Serenity its 2021 Color of the Year

      Simple Serenity highlights a value shift from heavy and dark blues to lighter and happier tones, per Miller Paint.
      Coatings World staff 01.20.21


    • Additives | Breaking News | Industry News
      Huntsman Finalizes Acquisition of Gabriel Performance Products

      Huntsman Finalizes Acquisition of Gabriel Performance Products

      Gabriel acquired for $250 million.
      Coatings World staff 01.19.21

    • Breaking News | Paint & Coatings Manufacturer News
      PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand

      PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand

      PPG provided more than $6,400 (nearly 192,000 Thai baht) in products and services.
      Coatings World staff 01.19.21

    • Breaking News | Financial News
      Axalta Schedules Q4, Full Year 2020 Earnings Conference Call

      Axalta Schedules Q4, Full Year 2020 Earnings Conference Call

      After the close of trading on Wednesday, Feb. 3.
      Coatings World staff 01.19.21


    • Breaking News | Laboratory Equipment | Production Equipment | Suppliers Corner
      Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

      Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

      The new series features the high inter-instrument agreement.
      Coatings World staff 01.19.21

    • Additives | Breaking News | Industry News
      LANXESS Acquires Biocides Specialist INTACE

      LANXESS Acquires Biocides Specialist INTACE

      The Paris-based biocide company is a manufacturer of specialty fungicides for the packaging industry.
      Coatings World staff 01.19.21

    • Breaking News | Financial News
      AkzoNobel Announces Share Buyback

      AkzoNobel Announces Share Buyback

      At an average price of €90.02 per share.
      Coatings World staff 01.19.21


    • Additives | Breaking News | Distributor News
      dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

      dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

      Will distribute water-based acrylic resins for the coatings and graphic arts industries.
      Coatings World staff 01.18.21

    • Additives | Breaking News | Price Increases
      OQ Chemicals Announces Carboxylic Acids Price Increase

      OQ Chemicals Announces Carboxylic Acids Price Increase

      Due to supply and demand, OQ Chemicals will increase prices effective Feb. 1, 2021, or as contracts allow.
      Coatings World staff 01.18.21

    • Additives | Breaking News | Price Increases
      AOC Announces Price Increase

      AOC Announces Price Increase

      The price increase will take effect for all new deliveries after Feb. 1, 2021, or as soon as contracts allow.
      Coatings World staff 01.18.21


    • Breaking News | Paint & Coatings Manufacturer News
      AkzoNobel Proposes to Acquire Tikkurila for €31.25 Per Share

      AkzoNobel Proposes to Acquire Tikkurila for €31.25 Per Share

      13% higher than the current offer made on Jan. 5, 2021.
      Coatings World staff 01.18.21

    • Breaking News | People in the News
      Ezio Braggio Joins ChemQuest Europe

      Ezio Braggio Joins ChemQuest Europe

      Sherwin Williams' recently retired regional president of EMEAI joins ChemQuest.
      Coatings World staff 01.15.21

    • Breaking News | Production Equipment | Suppliers Corner
      Zeppelin Acquires MTI Mischtechnik

      Zeppelin Acquires MTI Mischtechnik

      Portfolio includes heating, cooling and universal mixers for plastics processing and chemical applications.
      Coatings World staff 01.15.21

    Trending
    • AkzoNobel Proposes To Acquire Tikkurila For €31.25 Per Share
    • LANXESS Acquires Biocides Specialist INTACE
    • AkzoNobel Announces Share Buyback
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • PPG Acquiring Global Coatings Manufacturer Wörwag
    Breaking News
    • IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    • TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    • Miller Paint Declares Simple Serenity its 2021 Color of the Year
    • Huntsman Finalizes Acquisition of Gabriel Performance Products
    • PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    FrieslandCampina Launches Biotis Immune Health Ingredient
    Astaxanthin Microencapsulated with Spirulina Targets ‘Mental Agility’ and Healthy Aging
    Ingredient Manufacturers Discuss the E-Sports Market
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Neurent Medical Closes $25 Million Series B Financing
    Alcon Releases PRECISION1 for Astigmatism Contact Lenses in U.S.
    FDA OKs Canon Medical's AI-Powered, 90cm Bore CT
    Contract Pharma

    Latest Breaking News From Contract Pharma

    WDSrx Expands Warehouse Network
    Piramal Inks Clinical Supply Deal with Theratechnologies
    Recipharm Signs Manufacturing Deal with Enzymatica
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Lageen Tubes Launches Mono-Material PE Tube Solutions
    Weleda Celebrates 100 Years By 'Opening' Its Gardens
    TBM Offers New Turnkey Range—Cocoon Skin
    Happi

    Latest Breaking News From Happi

    Ipsy Adds New Personal Care Brand
    John Masters Organics Rolls Out Roll-On Fragrances
    Weleda Celebrates 100 Years of Beauty
    Ink World

    Latest Breaking News From Ink World

    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Soma partners with Moore & Moore in US
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Lemu Group Engineers Mask-Making Machine
    Armbrust American Adds Meltblown Manufacturing
    P&G Reports 8% Sales Increase
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Former Medtronic Exec Appointed Zimmer Biomet's Chief Transformation Officer
    SeaSpine Launches Regatta Lateral Plates
    RIVANNA Launches Second-Generation Accuro With Thoracic Functionality
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login