Sector News

Sika established national subsidiary in Kuwait

March 31, 2016
Energy & Chemical Value Chain

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

comments closed

Related News

March 24, 2024

Thomas Gangl leaves Borealis

Energy & Chemical Value Chain

Appointed Borealis CEO in 2021, Thomas has led key initiatives including the sale of the nitrogen business, acquisitions of Rialti Spa and Integra Plastics AD, and Borouge’s IPO. He also made the final investment decision for the Borouge 4 plant, set to be the world’s largest polyolefin complex.

March 24, 2024

Chemours names Dignam permanent CEO

Energy & Chemical Value Chain

The Chemours Co. today named interim CEO Denise Dignam as the company’s permanent CEO and president, as well as a member of the board of directors, effective immediately. Dignam has been interim CEO since late February, when former CEO Mark Newman was placed on leave due to an internal investigation.

March 24, 2024

Neste merges three business lines into new Renewable Products unit

Energy & Chemical Value Chain

Neste Corp. (Espoo, Finland) has completed its organizational change process, announced on 1 November 2023. Neste informed that it will merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working.

How can we help you?

We're easy to reach