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Sika strengthens its footprint in Qatar

April 22/2021

MOSCOW (MRC) -- In Qatar, Sika, a producer of construction chemicals, has expanded its production capacity for concrete admixtures and has started manufacturing epoxy resins, as per the company's press release.

Epoxy resins are key components in high-quality floor coverings and adhesives. With its enlarged portfolio and its local production capacity, Sika wants to exploit market potential and drive forward the focused expansion of its business in the region.

This latest investment in expansion in Qatars capital, Doha, will help Sika to continue building its business in this fast-growing region so that it can benefit from the dynamic development in the construction market. The sector is being boosted in particular by major projects and for the expansion of energy and utilities infrastructure, as well as stimuli induced by government tenders.

Thanks to its local production facilities, Sika is able to comply with the terms applicable to construction projects in the country: Qatars state sourcing policy stipulates that preference must be given to domestically manufactured products.

In the medium term, Qatars construction industry will be focusing on major investments in the energy and utility infrastructure such and on reservoirs to ensure adequate supplies of potable water in this desert country. According to estimates, the construction industry will grow by 2.6% in 2021 after a slowdown in the past year owing to COVID-19.

As MRC informed earlier, in November 2020, Sika commissioned a manufacturing facility in Dubai, United Arab Emirates (UAE), which produces epoxy resins aimed at flooring solutions. Sika has decided to invest in the expansion of its manufacturing facilities at the Dubai site in order to increase flexibility in production, shorten delivery times, optimize cost structures, and reduce inventories.

We remind that Russia's output of chemical products rose in February 2021 by 5.3% year on year. Thus, production of basic chemicals increased year on year by 7.5% in the first two months of 2021, according to Rosstat's data. February production of polymers in primary form was 861,000 tonnes versus 196,000 tonnes in January. Overall output of polymers in primary form totalled 1,770,000 tonnes over the stated period, up by 8.4%  year on year.

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.


mrcplast.com
Author:Margaret Volkova
Tags:propylene, ethylene, petrochemistry, adhesives, construction, Sika, Qatar, United Arab Emirates (UAE), Russia.
Category:General News
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