Half-Year Report 2010: Sika improves profit and continues to gain market share

03-Aug-2010 - Sika grew in all Regions in the first half-year of 2010 in terms adjusted for exchange rates. In emerging markets, double-digit growth rates were achieved throughout. With material costs initially still low and those for personnel reduced, operating profit increased considerably. For the second ...

Sika: Price increases for a large part of the product portfolio

16-Jul-2010 - Sika announced a global price increase for various products from its entire product portfolio. The price increases will become effective immediately or as contracts allow. Global price adjustments are necessary due to significantly increased raw material costs and will be adapted to the regional ...

Sika further expands its construction sealant business in Japan

16-Mar-2010 - Sika AG announces that its subsidiary Sika (Japan) Ltd. has acquired the construction sealant business of Henkel Japan Ltd. The acquired business includes the well-known trademarks, Bellace and Duribbon, which are well established in the Japanese construction market with annual sales of JPY 1115 ...

Sika Acquires Automotive Glass Replacement Adhesive Systems Business

12-Mar-2010 - Sika AG announces that its U.S. subsidiary, Sika Corporation, has acquired the automotive glass replacement business of ADCO Products, Inc.The transaction closed on March 8, 2010. The business acquired reaches an annual turnover of approximately US$ 6-7 million and will be integrated into Sika's ...

Sika stabilizes sales development in second half-year

12-Jan-2010 - In business year 2009 Sika achieved net sales of approximately CHF 4.2 billion. With an acquisition effect of 2.3%, sales in local currencies decreased by 3.9%. The currency effect amounted to -6.3%. In local currencies, Sika grew in the Region IMEA (India, Middle East, Africa) by 11.2% and in ...

Sika gains market share and reduces costs

30-Oct-2009 - In the first nine months of the business year Sika expanded its market share and reduced operating costs. In addition the company benefited from lower raw material prices in comparison with those of the previous year period. The decline in sales in local currencies slowed to 5.2% (half-year ...

Sika: structural adjustments to increase efficiency

01-Oct-2009 - Sika Group structurally adapts its manufacturing footprint for sealants and adhesives as well as for membranes due to new production technologies and continued changes in market conditions. This reorganization ensures that Sika Group remains competitive in the long term. Approximately 50 jobs ...

Sika expands its concrete admixtures business in Eastern China

25-Sep-2009 - Sika AG announces that its Chinese subsidiary, Sika (China) Ltd., has acquired a majority stake in Jiangsu TMS Admixture Co., Ltd., a supplier of concrete additives to the Eastern China markets. Jiangsu TMS Admixture Co., Ltd. has approximately 120 employees and 2008 sales of RMB 95 million ...

Sika grows in emerging markets

Revenue losses in industrial countries

24-Apr-2009 - In the first quarter of business year 2009 Sika continued to grow in a number of emerging markets. The comparatively hard winter and the effects of the economic crisis led however to an overall decline in sales. The sales decline in the first quarter amounted to -6.7% in local currencies. ...

Sika Acquires Iotech Group

30-Jan-2009 - Sika AG has acquired Iotech Group Limited, with headquarters in England and subsidiaries in the UK, USA and Belgium. The transaction closed on January 26, 2009. Iotech Group revenues totaled GBP 40 million for the year 2008. Previously the company was privately owned. Iotech specializes in ...