Displaying items by tag: Sika

Colombia: Switzerland-based construction materials producer Sika has invested an undisclosed sum in relocating production from a concrete admixture and mortar plant in Colombia to a larger facility in Barranquilla. Sika Americas regional manager Christopher Ganz said, “Our latest investment in Barranquilla will help us capture the potential of the dynamic construction market in the Caribbean region. Our aim is to grow more quickly than the construction market in this region.” The market grew by 15% in 2019.

Sika also manufactures building products for the Colombian market at facilities in Bogotá, Medellín and Duitama.

Indonesia: Switzerland-based Sika has begun producing concrete admixtures and mortars at its Bekasi plant on the island of Java. “This new facility in Greater Jakarta will enable us to further expand our strong position relative to the rapidly growing demand for quality building materials in Indonesia,” said Sika Regional Manager Asia/Pacific Mike Campion. He noted a Euro293m infrastructure investment by the government of Indonesia, Asia’s fifth-largest construction market, which he predicted will grow at 7% for the next 10 years.

UK: The Global Cement and Concrete Association (GCCA) has launched ‘Innovandi,’ a research network between industry and scientific institutions. The network intends to research the areas of process technology, including the impact of co-processing, efficiency of clinker production and implementation of CCUS/ technologies, and products. This will include the impact of clinker substitutes and alternative binders in concrete, low carbon concrete technology and improve the understanding of CO₂ reduction through re-carbonation.

“Our industry is fully committed to taking action to reduce CO₂ emissions. As such, Innovandi is an industry led initiative and will bring together the best minds from all corners of the cement and concrete world, academia and business. Together we will truly collaborate on a global scale and use our expertise to find new ways of working and developing effective innovations,” said Benjamin Sporton, the chief executive officer (CEO) of the GCCA.

24 companies from the cement and concrete industry, including cement and concrete manufacturers, admixture specialists and equipment suppliers, have committed to the initiative, with scientific institutions and additional companies set to join as its work begins work. These include Buzzi Unicem, Cementir Holding, Cementos Argos, Cementos Molins, Cementos Pacasmayo, Cemento Progresso, Cemex, CNBM, Chryso, CRH, Dalmia Cement, FLSmidth, Grupo Cementos de Chihuahua (GCC), GCP Applied Technologies, Mapei, HeidelbergCement, LafargeHolcim, Nesher Israel Enterprises, SCG Cement, Titan Cement, Refratechnik Cement, Sika Technology, Subote New Materials and Votorantim.

As part of the new initiative, the GCCA also intends to establish an annual Innovandi global conference to promote collaboration on innovation and research in the sector.

Qatar: Sika is starting operation at a new concrete admixture plant in Doha. The site will include production lines for concrete-admixture manufacturing as well as a main office and a central storage facility. The new plant follows the establishment of the national subsidiary in 2012.

"The optimisation of our supply chain will enable us to play an even greater role in major construction projects in Qatar. Having our own production capacities available locally makes it possible for us to lower transportation costs and enhance proximity to customers," said Ivo Schädler, EMEA Regional Manager for Sika.

Switzerland: LafargeHolcim has announced the appointment of Jan Jenisch as its new CEO, effective from 16 October 2017. The move follows the resignation of Eric Olsen, who will leave the company on 15 July 2017, two years after he took up the CEO role and assumed responsibility for the merger of Lafarge and Holcim. Between 15 July 2017 and 16 October 2017 Beat Hess, Chairman of the Board, will become interim CEO. Roland Köhler, currently an Executive Committee member, will be appointed Chief Operating Officer.

Jenisch, aged 50, joins from Swiss company Sika AG, a developer and producer of systems and products for the building materials and automotive sectors. He has been the CEO of Sika AG since January 2012. Under his leadership, the market capitalisation of Sika has more than tripled and the company has recently gained admission to the Swiss Market Index. Jenisch joined Sika in 1996 and has worked in various management functions and countries. He was appointed to the Management Board in 2004 as Head of the Industry Division and he served as President Asia Pacific from 2007 to 2012.

Thailand: Sika has inaugurated a new mortars and concrete admixtures plant in Saraburi. The plant has a production capacity of 100,000t/yr of mortars and 65,000t/yr of concrete admixtures. The unit also includes warehouse and an office. It is the additives and admixtures company’s second such plant in the country.

"After our existing plant in Chonburi reached its limits, we consequently invested in additional production capacities. The new plant will enable us to maintain our strong growth in Thailand in terms of production volume, sales and market share. South East Asia is one of the regions where Sika generates some of its highest growth rates and we are well positioned to continue this positive development," said Heinz Gisel, Regional Manager Asia-Pacific.

Italy: According to Dow Jones, Sika has acquired the remaining shares of the Italian-based Addiment Italia from its joint venture partner Buzzi Unicem. Addiment Italia, founded in 2003, 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 Euro14m in 2014.

"The cooperation between Buzzi Unicem and Sika as joint venture partners of Addiment Italia has continued effectively for more than twelve years, with good understanding of the common goals and management decisions that led to great results for both employees and shareholders. We hope that our future business relationship will continue with the same long-lasting success," said Buzzi Unicem's co-CEO Pietro Buzzi.

"The acquisition will allow us to further build upon the successful partnership between Buzzi Unicem and Sika in the admixture business worldwide and strengthen the operational footprint in Italy. We welcome the new employees on board and look forward to developing the business together," said Paul Schuler, EMEA (Europe, the Middle East and Africa) region head.

Switzerland: On 15 January 2015, the Swiss National Bank (SNB) abandoned the Euro1.20 cap on the Swiss Franc, causing market turmoil. However, deals involving domestic companies Holcim and Sika are expected to survive the impact of the shock decision.

Bigger deals are insulated against the effects of the sudden surge in the value of the Swiss currency because the companies involved are able to to buy insurance to protect them against such moves. However, some bankers said that the volatility introduced by the SNB decision to scrap the cap after three years could dampen deal-making in the longer term.

Holcim also said that it remained committed to a planned merger with France's Lafarge despite the move by the SNB that knocked almost Euro2.95bn (3bn Swiss Francs) off Holcim's market value.

"Regarding a possible impact on the combination with Lafarge, what we can say is that we remain committed to the merger," said Holcim spokesman Eike-Christian Meuter. According to Reuters, a spokesman for Lafarge said that it also remains committed to the merger.

Holcim was one of the companies caught up in a 10% all-in Swiss blue chip stocks on fears over the impact on their exporting power. Holcim slumped 20% at one point.

Switzerland/Italy: Sika AG, the Swiss specialty chemicals company, is to acquire the global concrete admixture and cement grinding aid businesses of the Italcementi Group (directly or indirectly controlled by Italcementi or Ciments Français). The businesses are on the market under the brand Axim. Axim has approximately 150 employees in Italy, France, the US, Canada, Morocco and Spain. In 2010 it generated sales of around Euro61m.

"This agreement will allow the group to capitalise the value of this business," said Giovanni Ferrario, COO of Italcementi Group. "Moreover, this will further extend the relationship between Italcementi and Sika, enhancing the reputation of both companies as innovators in the field of concrete and cement."

This acquisition allows Sika to significantly strengthen its market position in the relevant countries. As Sika's CEO, Ernst Baertschi, said, "This acquisition is a major step for Sika in the process of expanding market shares in the admixture business worldwide."