Sika said today that it has agreed to acquire certain assets of Grupo Industrial Alce in Mexico, extending Sika’s range of solutions for roofing and waterproofing customers, and further expanding its manufacturing footprint in Mexico to better serve the Mexico City metropolitan area.
The addition of Grupo Industrial Alce’s brands will reinforce Sika’s position in key project management and specification selling. The product offerings of the two companies are complementary and will allow Sika to become market leader in bituminous membranes and number two in liquid-applied membranes in the fast-growing Mexican market. The acquisition adds a production facility close to Mexico City.
“Already having a strong position in the distribution sales channels, the addition of the acquired brands will increase our penetration into key projects and support our growth strategy.The added production capacity will also enable Sika Mexico to expand its portfolio of locally produced solutions for roofing and waterproofing,” said José Luis Vázquez, regional manager/Latin America:
By Natasha Alperowicz
Source: Chemical Week
Neste is announcing the conclusion of its first series of trials into processing liquefied waste plastic with chemical recycling technology at its Porvoo refinery in Finland. The oil refining company says it has processed about 800 tons of liquefied waste plastic over the last two years – roughly the same amount generated annually by a European city with 500,000 people.
Sika performed well in a challenging environment in 2021. Despite the persistent COVID-19 pandemic and bottlenecks in the procurement of raw materials, sales rose significantly to a record CHF 9.24 billion, corresponding to growth of 17.1% in local currencies.
Ineos Olefins and Polymers Europe is joining the pioneering polypropylene (PP) recycling project Nextloopp, supporting its delivery of food-grade recycled content. The chemicals company will orchestrate a pivotal two-year project that will inform the building of a demonstration plant in the UK to produce 10,000 metric tons of recycled polypropylene (rPP) annually.