Sika recently announced that it is continuing to expand its presence in Africa and has established a new national subsidiary in Ghana. By adding this latest company to its network, Sika reports that it is taking a further step toward implementing its growth strategy in Africa.
For several years, Sika served the Ghanaian market from its subsidiaries in neighboring countries and thereby built a local customer base. Given the large volume of business and high demand, Sika has opened the new national subsidiary to manufacture locally and provide technical support. Based in Accra Tema Industrial Zone, Sika Ghana will initially sell concrete admixtures and grinding aids; beginning in early 2022, the subsidiary will offer engineered mortars and tile adhesives as well.
Sika reports that the Ghanaian economy is expected to grow by more than 4% in the current year. Investors’ confidence is based on government stimulus programs and the Ghanaian government’s proactive economic development plans to promote local businesses. Major infrastructure projects include several important rail lines, upgrading the port of Tema near Accra, expansion of the existing road network, and healthcare infrastructure.
“Africa plays a key role in our Growth Strategy 2023,” said Ivo Schaedler, Sika’s regional manager for EMEA (Europe, the Middle East, and Africa). “The founding of our company in Ghana means that we now have 18 national subsidiaries on the African continent. Ghana and other African countries are experiencing rapid growth in major cities and metropolitan regions, with corresponding demand for infrastructure projects. We therefore see excellent potential for Sika, medium and long term.”
Learn more about Sika at www.sika.com.