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Sika expands mortar production in China

October 07/2020

MOSCOW (MRC) -- Sika expanded its mortar production in China via commissioning a new facility in Chengdu, said the company.

Details on investment and plant capacity were not disclosed. Sika will benefit from strong demand in Chengdu, the capital of Sichuan province in southwestern China, as well as from the launch of new products and expansion of distributor network.

"Here in Chengdu we see a growing demand for Sikas Building Finishing solutions due to large investments in the construction sector," Sika regional manager for Asia/Pacific Mike Campion said. "The strong business trend following the corona-related lockdown shows that we are on the right track: our mortar sales have increased significantly this year despite the crisis," Campion said.

"We will continue to expand the business and bring two additional plants onstream in the growing Chinese market over the next eighteen months," he added. Growth in China's construction industry amid the coronavirus pandemic will be backed by government investments in transportation and energy infrastructure, better intercity connections and reduction of environment pollution, Sika said.

Citing estimates, the company said construction in the worlds second-biggest economy is expected to grow 6.1% in 2021, with the average annual growth pegged at around 5% until 2029.

As MRC informed earlier, Sika is starting operations at a plant in Doha, Qatar, for the production of concrete admixtures. The country on the east coast of the Arabian peninsula is an attractive market thanks to large-scale infrastructure investment and a number of mega projects, both ongoing and planned.

According to MRC's DataScope report, Russian companies significantly raised their purchasing of PP in foreign markets in August partially because of a major increase in demand, imports were 21,200 tonnes versus 17,200 tonnes a month earlier. Thus, overall PP imports into Russia reached 143,200 tonnes in January-August 2020, compared to 120,100 tonnes a year earlier.

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 200 factories. Its more than 20,000 employees generated annual sales of CHF 7.09 billion in 2018.
Author:Anna Larionova
Tags:construction, Sika.
Category:General News
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