Sika expands its concrete admixtures business with partnership in
Western China
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announcement.
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Sika AG announces that its Chinese subsidiary, Sika (China) Ltd., has
entered into a partnership with Sichuan Keshuai Additive Co., Ltd., a
leading supplier of concrete additives to the dynamically growing
Western China markets.
Sichuan Keshuai Additive Co., Ltd. was established by Mr. Shuai
Xiwen, a pioneer and preeminent expert in the field of concrete
admixtures. Sichuan Keshuai Additive Co., Ltd. has approximately 130
employees and 2007 sales of about CHF 18 million. The company's main
production facilities are located near Chengdu in the western
province of Sichuan. Sika is acquiring a majority stake of the
company. The parties have agreed not to disclose the sales price.
Sichuan Keshuai Additive Co., Ltd. is well respected for its
products, technology and people. The company has access to an
extensive distribution network in Western China. The co-operation
will enable the parties to support the construction industry in this
dynamic region with a broader range of locally produced world class
products and technologies.
Sika (China) Ltd is based in Suzhou, Jiangsu Province.
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Sika AG
Zugerstrasse 50
CH-6341 Baar, Switzerland
www.sika.com
Contact: Rainer Weihofen,
Corporate Communications & Investor Relations
Tel.: +41 41 768 68 00
Fax: +41 41 768 68 50
weihofen.rainer@ch.sika.com
Sika AG - a corporate profile
Sika AG, located in Baar, Switzerland, is a globally active company
supplying the specialty chemicals markets. It is a leader in
processing materials used in sealing, bonding, damping, reinforcing
and protecting load-bearing structures in construction (buildings and
infrastructure construction) and in industry (vehicle, building
component and equipment production).
Sika's product lines feature high-quality concrete admixtures,
specialty mortars, sealants and adhesives, damping and reinforcing
materials, structural strengthening systems, industrial flooring and
membranes. Subsidiaries in more than 70 countries worldwide and
approximately 11,000 employees link customers directly to Sika and
guarantee the success of all of its business relationships. With
this business structure Sika generates annual sales of CHF 4.6
billion. Visit our website at www.sika.com.
The media release can be downloaded from the following link:
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Sika AG
Zugerstrasse 50 Baar
WKN: 858573; ISIN: CH0000587979;
Index: SMCI, SPI, SPIEX, SMIEXP, SMIM;
Listed: Main Market in SWX Swiss Exchange;
