News from Sika regarding its 2020 financial results and an upcoming leadership transition drew the most reader interest last week (Sika Announces 2020 Financial Results, Taps Hasler to Succeed Schuler in May): “Sika recently announced its 2020 financial results, including sales of approximately CHF 7.9 billion (~ $8.8 billion). This represents a 2.9% decline in CHF and a 3.4% increase in local currencies. The company reports that its 2020 fiscal year was overshadowed by the COVID-19 pandemic, which had a number of severe effects for the construction and automotive sectors.
“CEO Paul Schuler said, ‘For our success in the challenging market environment of the last fiscal year, we must thank our employees in particular. Their strong customer focus and impressive dedication coupled with our successful business model made a significant contribution to the Group's resilience in the face of the COVID-19 pandemic. Particularly crisis-resistant in 2020 were the distribution business and our refurbishment business. In the future, the strong growth in demand for environmentally-friendly products will make a further contribution to our positive business development. Sika is the global leader in solutions for sustainable construction and sustainable mobility. Already today, a large part of our sales is generated by technologies that provide sustainability benefits for customers, the environment, and society.’”
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Top 5 News that Sticks for February 28 - March 6
- Sika Announces 2020 Financial Results, Taps Hasler to Succeed Schuler in May
- Bostik Aims to Strengthen Brazilian Adhesives Business with Poliplas Acquisition
- Avery Dennison to Acquire JDC Solutions third week in Top 5!
- LANXESS to Acquire Emerald Kalama Chemical
- Ashland Reports Solid Performance in First 2021 Fiscal Quarter
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.