Approximately one year after its national subsidiary was founded in Ethiopia, Sika has opened the first concrete admixture production plant in the country.
Sika is the first-ever international company to manufacture its products locally, and the move creates a base from which to build business activities in the growth market, which has a total population of approximately 100 million.
Paul Schuler, Sika Regional Manager EMEA says: “The new concrete admixture production plant in Ethiopia is part of the systematic implementation of our Africa strategy.
We are playing a pioneering role in setting up local production, and this will bring us significant competitive advantages. Customers will benefit from local product formulations that are perfectly adapted to the raw materials and local requirements, as well as from shorter delivery times. This step creates a foundation for further growth in this promising market.”
STRONG CONSTRUCTION INDUSTRY GROWTH RATES EXPECTED
By establishing its factory in Addis Ababa, Sika is positioning itself in a megacity. Ethiopia is the second biggest economy in sub-Saharan Africa in population terms, and the fourth biggest in terms of economic output. One of the factors benefiting the construction sector is the government’s Growth and Transformation Plan.
According to forecasts, construction is set to grow by approximately 11% annually in the period up to 2025 and thus more strongly than other countries in the sub-Saharan region.
For more information on Sika products and systems, visit www.sika.co.za
Sika AG Corporate Profile
Sika AG, is a globally active specialty chemicals company with its South African Head Office based in Durban, and branches in all major SA cities.
Sika AG, located in Baar, Switzerland, 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. Sika has subsidiaries in 93 countries around the world and manufactuers in over 170 factories, with some 17 281 employees link customers directly to Sika and guarantee the success of all partners. Sika generated annual sales of CHF 5.49 billion in 2015.