By commissioning the new plant, Sika hopes to expand its position in this rapidly growing metropolitan area. The area is set to become even more important as China is creating the Chengdu-Chongqing business district with almost 100 million inhabitants.
Sika has released a financial report detailing its performance in a volatile economic environment. According to the report, Sika achieved another record result in the first nine months of fiscal year 2022.
Despite supply shortages in raw materials and a highly inflationary environment, Sika reported increased sales in the first quarter of 2022, posting a new record figure of nearly CHF 2.4 billion (approximately $2.6 billion).
The expansion is the company’s response to high demand in the region.
November 29, 2021
Sika has expanded its production capacity in the rapidly growing Chinese construction market with the opening of a new mortar production facility in Jiaxing City, in the province of Zhejiang in Eastern China.
Sika’s sales reached a record of almost CHF 6.9 billion (approximately $7.5 billion) in the first three quarters of the year.
November 1, 2021
Despite the persistently strong impact of the coronavirus pandemic and the associated bottlenecks in the procurement of raw materials, Sika recently reported that it has been able to continue on its consistent growth trajectory, closing the first nine months of 2021 with record results.
Sika serves as the adhesive bonding technology partner for a world record attempt featuring a 100% solar-powered vehicle.
September 28, 2021
Sika is sponsoring the Peak Evolution expedition, a challenging project to reach a new world record. The Peak Evolution team is developing an innovative and sustainable agricultural vehicle called TERREN, working completely with electrical power.
Sika’s sales for the first nine months of 2020 increased by 2.6% in local currencies to CHF 5.8 billion (approximately $6.4 billion).
October 30, 2020
Sika recently reported that it maintained its growth trajectory over the first nine months of 2020, despite the severe repercussions of the coronavirus pandemic, increasing sales by 2.6% in local currencies to CHF 5.8 billion (approximately $6.4 billion).
Members of group management and Sika experts explained how trends such as innovation, digitalization, renovation, and sustainability are opening up opportunities for the company to gain market share during the COVID-19 crisis.
October 8, 2020
At the recent Sika Capital Markets Day 2020 held in Zurich, CEO Paul Schuler confirmed the group’s strategic targets.
Advanced sealants and adhesives in vehicle assembly effectively and safely address key applications that have traditionally employed mechanical fasteners while adding design freedom to today's modern vehicles.
Transportation has evolved tremendously over the last century. From horse and buggy to steam power, the internal combustion engine, multi-speed powertrains, and the latest push for hybrids and electrification—the way things move has changed tremendously.
Our annual ASI Top 20 details the leading worldwide manufacturers of adhesives and sealants. We targeted sales figures (and other details) for finished adhesives and sealants, as well as related products such as tapes, to develop the ranking.
Since the pandemic situation is changing constantly, Sika reports that it is adapting measures specifically in line with the new circumstances.
April 22, 2020
Sika recently announced that it had a good start to the 2020 business year and has continued its growth trajectory, reporting a new sales record of CHF 1.8 billion (approximately $1.9 billion) in the first quarter.
Sika reports that the facility features modernized production lines, significantly increased capacity, and a training center for customers.
February 5, 2020
Sika recently announced that it has invested in a new state-of-the-art plant for the production of concrete admixtures, acrylic liquid-applied membranes, and mortars in Barranquilla, the fourth-largest city in Colombia.
Welcome to the ASI Top 20, our annual feature detailing the leading worldwide manufacturers of adhesives and sealants. To develop the ranking, we worked diligently to target sales figures (and other details) focused specifically on adhesives and sealants.