Sika has expanded its position in the Middle East by establishing a new national subsidiary in Kuwait.
The creation of this 94th subsidiary worldwide marks a further step forward in the implementation of Sika’s growth strategy, which aims to expand the Group’s international presence to 100 national subsidiaries by 2018.
Kuwait’s construction market is set to grow at a tremendous pace, with investments of just under USD 30 billion in the focus areas of real estate and infrastructure.
Key construction projects at national level include an airport extension and upgrade of the metropolitan transportation network, which alone account for a total investment of USD 13 billion. The new national subsidiary positions Sika perfectly to supply high quality concrete admixtures and refurbishment products directly to customers in Kuwait and to benefit from the country’s booming construction market. Sika products are already being used in the construction of a new university and several roadbuilding projects. The Kuwait market has been serviced from neighboring countries since 2010.
With national subsidiaries in 13 countries, Sika has an extensive local presence in the Middle East. In Qatar, where a subsidiary was established in 2013, Sika recently won a “mega project”. In the first phase of work on the world’s biggest concrete-reinforced reservoir, more than 350,000 m² of Sika Proof A® and Sika Proof P® membranes are being laid for waterproofing.
Source: Sika
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
