ADDIS ABABA – Sika Abyssinia Chemicals Manufacturing PLC, the subsidiary of Swiss concern Sika AG, is starting the operations of a new mortar plant at its existing site in Addis Ababa, Ethiopia, thus expanding its portfolio of locally manufactured products. After building a production facility for concrete admixtures in 2016, this is a further step in extending the presence in the promising Ethiopian construction market.
“With the new plant in Ethiopia we are pursuing the implementation of our Africa strategy. Thanks to the new facility we will provide the market with locally manufactured technical mortars and our tile adhesives range to serve the need for more sophisticated and technically advanced building materials. With our strong local presence we can adapt products to meet the specific customer requirements, and make products available with shorter delivery times. We are thus creating the ideal conditions for participating in the country’s dynamic construction market.” Ivo Schädler, Europe, the Middle East and Africa (EMEA) Regional Manager.
Ethiopia is the fastest-growing market south of the Sahara. Investment projects sponsored by the Ethiopian government and aimed at rapidly developing the country’s infrastructure are making a major contribution to the dynamic development of this country. According to estimates, the construction industry in Ethiopia is set to grow by 12% in 2019 and by 8 to 9% on average between 2019 and 2028.
- About Sika AG and Sika Abyssinia
Sika AG is a Swiss specialty chemicals company, headquartered Baar, 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. Founded in 1910, Sika AG has subsidiaries in 101 countries around the world and manufactures in over 300 factories as of 2019. In the first half of 2019, more than 24,000 employees generated sales of CHF 3.7 billion (~USD 3.7 billion). For the fiscal year 2019, Sika expects sales to exceed CHF 8 billion (~USD 8 billion).
- Sika Abyssinia
Sika Abyssinia Chemicals Manufacturing PLC, a subsidiary of Sika AG, was established in 2015 in Addis Ababa. Sika Abyssinia was one of the Sika AG’s steps in its development of the company on the African Continent. Thus, it was a natural step to penetrate the Ethiopian market, second biggest economy in sub-Saharan Africa in population terms, and the fourth biggest in terms of economic output.
Source: Sika AG