Sika is a multinational specialty chemicals company developing and producing systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and construction and motor vehicle industries. The company organizes its product offerings into Construction Solutions and Industry Solutions, with specified target markets including: Concrete, Waterproofing, Roofing, Building Finishing, Flooring Engineered Refurbishment, and Industry. For the seven construction-focused segments, Sika produces products ranging from sealants, adhesives, and tapes to spray foams and coatings, among many others. The Industry market focuses on a range of solutions (including structural adhesives and sealants) for automotive and commercial vehicle assembly.
For the first time, Sika achieved record sales in 2022. The company reported approximately CHF 10.5 billion (approximately $11.4 billion) in net sales, representing an increase of 13.4% year-over-year. (Sika declined to provide specific adhesives/sealants-related sales and other details.)
The company reports its financial results primarily according to key regions: EMEA (Europe, Middle East, Africa), Americas, and Asia-Pacific, as well as a Global Business segment that targets the automotive industry. All segments saw sales increase in 2022: EMEA, 8.3% to CHF 4.14billion (~ $4.5 billion); Americas, 27.5% to CHF 3.2 billion (~ $3.5 billion); Asia-Pacific, 14.8% to CHF 2.3 billion (~$ 2.5 billion); and Global Business, 22% to CHF 811 million (~ $878 million).
Worldwide, Sika has approximately 27,708 employees, 300 manufacturing facilities, and subsidiaries in 101 countries. The company had R&D centers worldwide, with more than 1,300 employees working in research and development.
NOTES: In November 2021, Sika agreed to acquire MBCC Group, which is the former BASF Construction Chemicals. The company reports that the transaction complements almost all of its core technologies, applications, and solutions, with the acquisition expected to close in the first half of 2023. The company signed an agreement in January 2023 for Ineos to purchase part of MBCC Group’s admixtures business. Additionally, in March 2022, Sika acquired Sable Marco Inc., a manufacturer of cementitious products and mortars in Canada. In May 2022, Sika acquired United Gilsonite Laboratories (UGL), a manufacturer of products for consumer and DIY waterproofing applications in the United States.
Opening image courtesy of Sika.
No. 6 | SikaBaar, Switzerland
CEO: Thomas Hasler
Sources: company website, annual report
More from Sika
- Sika to Sell MBCC Group's Chemical Admixture Assets to Cinven
- Sika Opens New Plant in Southwestern China
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- Sika Acquires United Gilsonite Laboratories