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Sika AG / SIKA EXPANDS FOOTPRINT IN AFRICA. Processed and transmitted by
NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the
content of this announcement.
Sika is opening its first concrete admixture and mortar production facilities
in Nigeria and Ivory Coast and has established new subsidiaries in Ethiopia
and Tanzania to participate in the growing markets in the Sub-Saharan region.
Thus Sika continues its dedicated and successful expansion strategy and is
enlarging its presence to sixteen countries on the African continent.

Paul Schuler, Regional Manager EMEA, emphasizes the importance of Sika's
expansion in Africa's Sub-Saharan region: "Our new production facilities in
Nigeria and Ivory Coast and our new subsidiaries in Tanzania and Ethiopia
represent another milestone in the consequent execution of Sika's Strategy
2018. With the latest investments we will further accelerate our growth in
Sub-Saharan Africa and increase Sika's market share. It demonstrates our
strong belief in the potential and the prosperous future of the continent."

Sika established the subsidiary in Nigeria and Ivory Coast in 2014 and is now
in Lagos and Abidjan investing in local production facilities for
high-quality concrete admixtures and mortars to supply the booming
construction, refurbishment and maintenance markets in both countries. Many
international and medium-sized local contractors working on big oil&gas,
infrastructure, commercial and residential projects represent a large
customer potential.


Nigeria is the biggest economy in Africa in terms of population and GDP. With
roughly 180 million inhabitants and an expected annual growth rate of
approximately 5%, the country will have major requirements in the
construction sector. With 23 million inhabitants Ivory Coast represents one
of the smaller African countries, but offers also a promising growth
potential for Sika. Cement consumption in both countries is expected to grow
by 9% in 2015.


Dominik Slappnig
Corporate Communications&
Investor Relations
+41 58 436 68 21


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 the motor
vehicle industry. Sika has subsidiaries in 90 countries around the world and
manufactures in over 160 factories. Its approximately 17,000 employees
generated annual sales of CHF 5.6 billion in 2014.

The media release can be downloaded from the following link:

Media Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via Globenewswire


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