Several major projects are at the planning or implementation stages, according to the company.
"The new national subsidiary will enable us to optimize the way we procure and import products from the Sika network and continue to efficiently develop the market by providing competitive prices and greater customer proximity,” said Christoph Ganz, regional manager, Americas. “Sika is already number one in Latin America and the new subsidiary in Honduras will consolidate this position."
Honduras is the second-largest country in Central America, with a population of more than 9 million. Medium-term forecasts predict annual economic growth in excess of four percent. The country is investing heavily in its booming textiles sector, tourism, and infrastructure projects such as freeways, a new airport near its capital and new port facilities for container transshipment at Puerto Cortez on the north coast.