MOSCOW (
MRC) -- Sika AG said that it is expanding production capacity in Senegal, West Africa, by opening a mortar production facility at its existing factory in Dakar, said
Worldofchemicals.
The plant will initially manufacture tile adhesives, grouts, concrete repair and waterproofing mortars and at a later stage cementitious flooring solution.
Two years after the establishment of the new national subsidiary, and one year after opening a concrete admixtures plant, Sika is now starting to produce mortar products in Senegal. With its expansion strategy, Sika aims to further increase its market share in the booming construction market, one of the country's key economic sectors. Senegal has one of the strongest growth rates in sub-Saharan Africa. Its economy grew by 7 percent in the past year. Average growth of 6 percent is forecast for the construction market over the next few years.
"Our growth strategy in Africa has paid off, and we are achieving above-average growth rates. Over the last four years alone, we have increased sales on the African continent by more than 21 percent per year. In West Africa, Senegal is one of the fastest-growing countries with large investment projects in the areas of infrastructure, transport, energy, and oil. We want to position Sika in these major projects and bring the best products, systems, and services to our customers,” said Ivo Schadler, EMEA Regional Manager.
MRC