19 December 2017
DETAILS
With the establishment of a new national subsidiary
in Bangladesh, Sika has reached a further milestone
in the implementation of its growth strategy
and is now represented in 100 different countries.
23 national subsidiaries have been established
over the past five years alone, making it possible
to tap into growth potential in new markets.
Bangladesh has over 163 million inhabitants
and is one of the most populous countries in the world
with a flourishing construction industry.
The establishment of the 100th national subsidiary
represents an important milestone
in the successful implementation of Sika’s growth strategy.
The new local head office in Dhaka, Bangladesh’s capital city,
enables Sika to benefit from the potential available
in the local construction market, which has
a total volume equivalent to CHF 15 billion and
an annual growth rate of 12%.
Local and foreign investments are channeled primarily
into the construction of transport and energy infrastructures.
The new national subsidiary allows Sika
to directly market products that have already become established
in the area through distribution partners, as well as
to optimise cost structures and further grow market share.
Paul Schuler
Sika CEO
“Over the past few years, our more than 17,000 employees
have been able to grow our company to an impressive level
and have continuously expanded our global presence.
We have established 23 national subsidiaries since 2012
and now generate 36% of our sales in emerging markets.
We enter emerging economies early on and
are well established in mature markets.
This enables us to harness potential at all stages
in the development of the local construction sectors
and to sell our entire product portfolio
whether the requirement is for materials needed
in new build construction, products that help
to meet higher building standards,
or solutions for refurbishment projects.”
Contact Sika
Dominik Slappnig
Corporate Communications & Investor Relations
+41 (0)58 436 68 21
slappnig.dominik@ch.sika.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
