Sika recently announced it is further expanding its presence in the Asia-Pacific region by founding a subsidiary company in Myanmar and opening a new production plant in Sri Lanka. These actions are intended to help the company to further utilize market potential and consolidate its position in one of the world’s most important growth regions.
The foundation of Sika Myanmar reportedly represents another milestone in the buildup of operations in emerging markets. Sika has been supplying the Myanmar market with products imported from neighboring countries for many years. With its own subsidiary, Sika is now positioned to serve the fast-growing construction sector and benefit from the extensive local investments in infrastructure. With the new company in Myanmar, Sika now has subsidiaries in 91 countries around the world.