YEAR ESTABLISHED: 1910
REVENUE: $2.85 billion t (2013: $3.118 billion)
• Adhesives • Sealants • Protective coatings
Paul Hälg, chairman of the board; Jan Jenisch, CEO; Group management: Paul Schuler, EMEA; Jose Luis Vazquez, Latin America; Silvio Ponti, building systems and industry; Christoph Ganz, North America; Ronald Trächsel, CFO; Ernesto Schümperli, concrete and waterproofing; Heinz Gisel, Asia Pacific; and Urs Mäder, technology.
Sika supplies the building and construction industry as well as manufacturing industries (automotive, bus, truck, rail, solar and wind power plants, facades). Sika is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures. Sika’s product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems.
Sales reached record levels in all regions and all relevant growth targets for 2014 were exceeded. According to Sika’s Annual Report, eight new factories and 70 new patents accelerated development and expansion in the emerging markets continued in 2014. New factories were opened in Brazil, Mexico, Indonesia, Singapore, India and Serbia. The founding of six new international subsidiaries in Sri Lanka, Bosnia-Herzegovina, Albania, Mozambique, Ivory Coast and Nigeria has created a basis for tapping these new markets. In the U.S., two new production facilities were commissioned in Atlanta, Georgia and Denver, Colorado.
Sika has expanded its production and service capacity in Paraguay’s capital Asunción to meet the rising demand in the infrastructure and residential construction sectors. The company has opened a mortar plant with additional production facilities for concrete admixtures and liquid applied membranes to become fully operational in 2015. The plant significantly enlarges Sika’s production and service capacity in Paraguay. It will supply the market with the full range of Sika mortar products and concrete admixtures as well as liquid applied membranes for roofing and façade solutions. A differentiating factor in the market will be the new concrete lab for product developments and services to customers: it is the first of its kind in Paraguay’s construction chemicals sector and will allow Sika to strengthen its customer focus by providing tailored solution for their specific requirements in the local market. Strong market position The new plant represents a major step in accelerating the growth and strengthening the company’s market position in Paraguay. In 2013, Sika had entered the market by acquiring the industry leader Inatec SRL with subsequent operational expansion and broadening of Sika’s local product portfolio. Economic growth in Paraguay is expected to reach 4.5 percent in 2015. With the expansion of its production and service capacity, Sika Paraguay is well positioned to benefit from the increasing construction activities in both the residential and infrastructure sectors.
Sika also recently acquired the remaining shares of the Italian based Addiment Italia from its joint venture partner Buzzi Unicem. The company is active in the production and sale of concrete admixtures and cement grinding aids. The transaction will strengthen Sika’s production set up in Italy and increase its market presence. Addiment Italia generated sales of €14 million in 2014.
In 2003 Buzzi Unicem and Sika AG formed a joint venture in order to produce an innovative range of construction chemicals that enhance the quality and performance of concrete and cement.
Sika has won two awards in the 2015 Automotive News PACE (Premier Automotive Suppliers’ Contribution to Excellence) Award recently taking place in Detroit, Michigan. The renowned award competition for automotive suppliers honor game-changing innovations in product, manufacturing process and information technology.
Sika was a product innovation award winner for its Sikaflex Ultra-High Modulus Adhesive (UHM) and also took home an Innovation Partnership Award through its collaboration with BMW.
Sikaflex UHM is a high modulus, fast cure adhesive material currently used to bond the CFRP (Carbon Fiber Reinforced Plastic) Life Module to the aluminum chassis Drive Module on the BMW i3 and i8. The innovative adhesive meets the growing demand in mixed material bonding and is ideally suited for structural bonding performance.
Based on Sika’s patented i-Cure technology, Sikaflex UHM also reduces the carbon footprint in vehicle manufacturing. The innovation allows BMW to radically change the way the i3 is manufactured, away from conventional technique, and eliminates the complexity of traditional body shop welding.
The PACE Award committee also honored BMW and Sika with the Innovation Partnership Award. The panel reviewed the collaborative efforts of all 36 PACE Finalists with their respective OEMs and it recognized BMW for its unique high level of collaborative behavior with Sika in the development of BMW i3.