"Sika already has a strong market position in El Salvador, as we have been supplying the construction sector out of Guatemala for many years," said José Luis Vázquez, regional manager Latin America. "With this new national subsidiary we can develop the market more efficiently and grow more rapidly. Our aim is to further develop Sika's leading position, particularly in the Sealing & Bonding target market."
Owing to high demand for infrastructure, the outlook for the construction industry in El Salvador is promising, per Sika. According to forecasts, growth should amount to five percent in 2017. Growth drivers include infrastructure investments with a total volume of $3 billion, Sika noted. Investments will focus on seaport installations, energy infrastructure and tourism, according to the company. In the current year, public investments of more than $400 million will be made in tourism projects alone, per Sika.