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Sika acquires Chinese manufacturer of silicone sealants and adhesives

September 18/2019

MOSCOW (MRC) -- Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications, said European-coatings.

Crevo-Hengxin manufactures a broad range of silicone products used for facades, fenestration, insulated glass, interior finishing and other sealing.

With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo-Hengxin generates sales of 45 million Euro, with a workforce of 140 employees.  

As MRC informed earlier, Sika has opened a new production plant in Central America, located in Palin in the metropolitan area of Guatemala City.

Crevo-Hengxin is a family-owned manufacturer of a broad range of silicone products used for facades, fenestration, insulated glass, interior finishing and other sealing and bonding applications. In addition, the company holds a leading position as supplier of silicones for the growing solar industry.  Crevo-Hengxin is located in Changshu, 50 kilometers north of Suzhou.

Operations comprise a production facility, a state-of-the-art R & D Center, a warehouse, and offices.


mrcplast.com
Author:Anna Larionova
Tags:construction, Sika.
Category:General News
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