Sika Opens 100th National Subsidiary in Bangladesh

With the establishment of a new national subsidiary in Bangladesh, Sika is now represented in 100 different countries. Twenty-three national subsidiaries have been established over the past five years alone. Bangladesh has over 163 million inhabitants and is one of the most populous countries in the world with a flourishing construction industry.
 
The new local head office in Dhaka, Bangladesh’s capital city, enables Sika to benefit from the potential available in the local construction market, which has a total volume equivalent to CHF 15 billion and an annual growth rate of 12 percent. Local and foreign investments are channeled primarily into the construction of transport and energy infrastructures.
 
“Over the past few years, our more than 17,000 employees have been able to grow our company to an impressive level and have continuously expanded our global presence,” CEO Paul Schuler said. “We have established 23 national subsidiaries since 2012 and now generate 36 percent of our sales in emerging markets. We enter emerging economies early on and are well established in mature markets. This enables us to harness potential at all stages in the development of the local construction sectors and to sell our entire product portfolio whether the requirement is for materials needed in new build construction, products that help to meet higher building standards, or solutions for refurbishment projects.”