Sika tackles Africa
Sika is a name well known to the South African trucking fraternity, but the company is doing more than provide sealants to automotive manufacturers … it’s also experiencing high levels of growth on the African continent.
Thus the company is opening its first concrete admixture and mortar production facilities in Nigeria and Ivory Coast.
The global speciality-chemicals company has also established new subsidiaries in Ethiopia and Tanzania to participate in growing markets in the sub-Saharan region.
Paul Schuler, Sika regional manager Europe, Middle East and Africa, emphasises the importance of Sika’s expansion in sub-Saharan Africa: “Our new production facilities and subsidiaries represent another milestone in the execution of Sika’s Strategy 2018.
“With the latest investments we will further accelerate our growth in sub-Saharan Africa. It demonstrates our strong belief in the potential and the prosperous future of the continent.”
A pillar of Sika’s Strategy 2018 is the accelerated build-up of emerging markets and the expansion of the supply chain. The overall objective is to increase sales generated in emerging markets from 37 to 45 percent of total sales by 2018.
In the first six months of 2015, Sika’s sales in Africa were up 18 percent. Currently, the company maintains 16 local subsidiaries and 13 manufacturing sites on the African continent.