Sector News

Sika opens new national subsidiary in Ghana 

November 7, 2021
Energy & Chemical Value Chain

Sika is continuing to expand its presence in Africa and has established a new national subsidiary in Ghana. By adding this latest company to its network, Sika is taking a further step towards implementing its growth strategy in Africa. With more than 30 million inhabitants, Ghana is West Africa’s second most populous country. Thanks to strong cocoa exports and a wealth of natural resources, its economy is flourishing. The country’s growing construction market gives Sika the opportunity to contribute to its economic development.

For several years, Sika served the Ghanaian market from its subsidiaries in neighbouring countries and thereby built a local customer base. Given the large volume of business and high demand, Sika has now opened its own national subsidiary to manufacture locally and provide technical support. Based in Accra Tema Industrial Zone, Sika Ghana will initially sell concrete admixtures and grinding aids and, from early 2022, engineered mortars and tile adhesives as well.

The Ghanaian economy is expected to grow by more than 4% in the current year. Investors’ confidence is based on government stimulus programs and the Ghanaian government’s proactive economic development plans to promote local businesses. Major infrastructure projects include several important rail lines, upgrading the port of Tema near Accra, expansion of the existing road network, and healthcare infrastructure.

“Africa plays a key role in our Growth Strategy 2023. The founding of our company in Ghana means that we now have 18 national subsidiaries on the African continent. Ghana and other African countries are experiencing rapid growth in major cities and metropolitan regions, with corresponding demand for infrastructure projects. We therefore see excellent potential for Sika, medium and long term.” Ivo Schaedler, Regional Manager EMEA

by Sika, Press Release

Source: sika.com

comments closed

Related News

June 16, 2024

Neste, Borealis and Covestro collaborating on tire-recycling projects

Energy & Chemical Value Chain

Neste Corp. (Espoo, Finland), Borealis AG (Vienna, Austria) and Covestro AG (Leverkusen, Germany) have signed a project agreement to enable the recycling of discarded tires into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry.

June 16, 2024

Sika opens new manufacturing plant in northeast China

Energy & Chemical Value Chain

This site will manufacture a full range of products, including mortars, tile adhesives, and waterproofing solutions. This highly efficient new plant enables Sika to meet the market demands, whilst significantly reducing logistical distances.

June 16, 2024

Suzano to acquire Lenzing stake for €230M: How could other mergers be impacted?

Energy & Chemical Value Chain

Suzano is acquiring a 15% stake in Austrian wood-based materials producer Lenzing for €230 million (US$248 million). The announcement raises further questions over Suzano’s rumored bid to buy International Paper (IP), which, in turn, is in the process of acquiring DS Smith.

How can we help you?

We're easy to reach