Sika AG / SIKA OPENS CONCRETE ADMIXTURE FACTORY IN CAMEROON . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Sika is further expanding its presence in Africa by opening its first facility for concrete admixtures in Cameroon. Following the foundation of the national subsidiary in 2016 to address the developing market potential the latest investment will enhance the local supply chain footprint.

Sika will use the new concrete admixtures factory, located in the major city of Douala, to supply customers in this growing construction market by providing locally manufactured products and technical support.
The country's building industry is growing significantly under the stimulus of investments in infrastructure and housing construction. Important construction projects include the expansion of the Kribi seaport in the south of the country, the upgrading of the country's rail network and the construction of stadiums for the 2019 African Cup of Nations. Sika is already supplying its product solutions manufactured by Sika plants in neighboring countries for these key projects.

Sika recently also commissioned new production facilities in Angola, Nigeria and Ivory Coast. With these investments the company continues to strengthen its position for further market prenetration on the African continent, where the boom in the construction industry is driven by extremely high population growth combined with strong urbanization trends and megacity developments.

CONTACT

Dominik Slappnig
Corporate Communications & Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

SIKA CORPORATE PROFILE

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protection in the building sector and automotive industry. Sika has subsidiaries in 99 countries around the world and manufactures in more than 200 factories. Its more than 17,000 employees generated annual sales of CHF 5.75 billion in 2016.

The media release and image can be downloaded from the following links:

Media Release (pdf)
Image: Warehouse of Sika's new plant in Cameroon


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Source: Sika AG via Globenewswire

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Sika AG
Zugerstrasse 50 Baar Switzerland

WKN: 858573;ISIN: CH0000587979;