(Reuters) – Sika hopes to pull off some “good” acquisitions in 2016, the Swiss chemicals firm’s chief executive said on Tuesday.
“We always have a pipeline of targets we work on, we negotiate and we discuss. Hopefully we’re also going to have some good ones in 2016,” Jan Jenisch said in call with analysts after posting fourth-quarter results.
Sika is caught in an attempted 2.75 billion Swiss franc ($2.75 billion) takeover by Saint-Gobain. The deal is backed by Switzerland’s wealthy Burkard-Schenker family, the pivotal Sika shareholder, but opposed by the Swiss firm’s management and many board members. Jenisch said he expected a court ruling my mid-year.
($1 = 1.0012 Swiss francs) (Reporting by Joshua Franklin; Editing by Michael Shields)
The total contract value is approximately €430 million. The project scope of work entails complete engineering services, equipment and material supply, installation and construction activities and, as an optional part of the scope, commissioning and start up.
Once it has implemented this project, Lenzing will have biological wastewater treatment plants that meet the best available techniques (BAT) quality standard at all its production sites.
The debate over the position of hydrogen in the new energy revolution has come to the fore again thanks to Japan’s hosting of the Olympic Games. But rather than showcasing how green this miracle new fuel is, it has highlighted its many problems.