immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Bauchemie

  • Strong franc weighs on quarterly results despite gains in market share

    Strong franc weighs on quarterly results despite gains in market share

    The construction chemicals group Sika has announced its financial results for the first quarter of 2026 in a press release. The group recorded sales of CHF 2.49 billion in the first quarter, representing sales growth of 0.9 per cent in local currencies and a decline of 7 per cent in Swiss francs. The decline in Swiss francs is attributable to the strength of the Swiss franc against Asian currencies and the US dollar, according to the company.

    The main drivers of growth in local currencies were market share gains across all regions, despite a subdued global construction market. In the EMEA region (Europe, Middle East, Africa), Sika recorded a 3.6 per cent increase in revenue in local currencies in the first quarter (previous year: 0.7 per cent) In the Americas region, Sika recorded a slight decline in sales of 0.8 per cent in local currencies. Whilst economic uncertainties weighed on construction activity in the US, demand in the data centre sector grew at double-digit rates, Sika reports. Canada performed well and Latin America also continued the recovery in construction markets. In the Asia/Pacific region, sales in local currencies fell by 2.2 per cent. The continued weakness of the Chinese construction sector, with double-digit declines, had a particularly negative impact. Positive contributions came primarily from India, South-East Asia and the Automotive & Industry segment.

    The completed acquisition of mortar manufacturer Finja (Sweden) and the announcement of the acquisition of adhesives manufacturer Akkim (Turkey) contributed to the increase in market share in the first quarter. Sika is also strengthening its production capacities with new plants in the USA, Tanzania, Argentina, Colombia and Bangladesh.

    Sika confirmed its strategic direction and expects revenue growth of 1 to 4 per cent in local currencies for the full year 2026, as well as an EBITDA margin of 19.5 to 20 per cent.

  • Swiss speciality chemicals drive expansion in the sealant market

    Swiss speciality chemicals drive expansion in the sealant market

    Sika has announced the acquisition of Akkim, a Turkish company specialising in adhesives and sealants. The Zug-based specialty chemicals group aims to expand its customer reach and strengthen its market position in the global adhesives and sealants industry. According to a statement, the acquisition is expected to be completed in the third quarter of 2026.

    Akkim, based in Istanbul with two production facilities in Turkey and Romania, distributes adhesives and sealants for the construction sector via a wide-ranging customer network. Established distribution channels in Eastern Europe, Central Asia, the Middle East and North Africa enable it to serve a broadly diversified customer base. According to the announcement, net sales in 2025 amounted to the equivalent of CHF 220 million.

    Sika expects the greater geographical reach to provide significant growth opportunities. “The acquisition will enable Sika to establish a highly efficient production and export hub for sales-oriented adhesives and sealants, which will support long-term growth in this segment,” the statement said.

    Sika also intends to use Akkim’s additional expertise and broad network to expand its e-commerce business and offer complementary products such as repair mortars and sealing solutions through cross-selling.

  • New plant strengthens construction chemicals production in Central Asia

    New plant strengthens construction chemicals production in Central Asia

    Sika AG is continuing its growth course in Kazakhstan with the commissioning of a new production site. The plant is located in the city of Ust-Kamenogorsk in the east of the country and combines production lines for mortar and concrete additives and a laboratory.

    According to a press release, it is the fourth plant for Sika specialty chemical products for construction and industry. There is a high level of construction activity in the region. The mining industry in particular is experiencing strong growth. Local companies in the chemical, energy and automotive sectors are also expanding. As a result, the demand for residential buildings is increasing.

    The construction chemicals company has announced that it will also be involved in major projects. Kazakhstan is one of the most resource-rich countries in the world. Forecasts predict annual growth of 4.2 percent for the construction industry in Kazakhstan until 2028. The drivers are investments in energy projects, water reservoirs, transport infrastructure and industrial parks. According to estimates, the volume of construction projects across the country amounts to 160 billion Swiss francs.

  • Acquisition of American provider for building finishing

    Acquisition of American provider for building finishing

    Sika is continuing its expansion plans in the USA and has acquired HPS North America, Inc. from Florence in the US state of Alabama. According to a press release, the supplier of products including self-levelling and waterproofing solutions has successfully developed in the American market.

    The products are reportedly sold through an established distribution network and are designed for use on floors. These include products of the Schönox brand, which Sika Germany manufactures. Sika had already held a minority stake in HPS North America.

    The takeover provides the Baar-based company, which specialises in speciality chemicals, with a “strong platform for further expansion in the growing Building Finishing segment” and expects significant efficiency gains.

    “With the integration of the HPS business into our US organisation, we will be able to drive forward the expansion of our business relationships and distribution networks in the building finishing market at full speed,” said Mike Campion, Regional Head Americas at Sika, in the press release.

  • Record sales of Swiss multinational speciality chemicals group

    Record sales of Swiss multinational speciality chemicals group

    Sika set a new sales record in the 2024 financial year. At 11.76 billion Swiss francs, the record result of 2023 was exceeded by 4.7 percent, the global speciality chemicals company for construction and industry announced in a press release. Increased synergies from the integration of the construction chemicals business MBCC acquired in 2022 and local acquisitions of Kwik Bond in the USA, Vinaldom in the Dominican Republic and Chema in Peru contributed to the sales growth. Organic sales growth amounted to 1.1 per cent.

    In addition to the acquisitions, all regions contributed to the record sales. At 11.2 per cent in local currencies, sales growth was strongest in the Americas region. In the EMEA and Asia/Pacific regions, growth rates of 7.3 and 2.4 percent respectively were realised in local currencies.

    “Over the past twelve months, Sika has successfully held its own in a market environment that remains very challenging and achieved a new sales record,” said Thomas Hasler, CEO, in the press release. “Our growth initiatives, our powerful and sustainable innovations and our consistent sales strategy for further market penetration are successful and impressively demonstrate that we are gaining further market share.” Sika will communicate its full Annual Report 2024 on 21 February. The Group expects operating profit at EBITDA level to increase at a faster rate than sales.

  • Expansion in the Caribbean market through the acquisition of a construction chemicals manufacturer

    Expansion in the Caribbean market through the acquisition of a construction chemicals manufacturer

    Sika has acquired the construction chemicals manufacturer Vinaldom, based in the Dominican Republic, according to a press release. The family-run company is a leader in the production of concrete admixtures, fibers, adhesives and sealants.

    Vinaldom is Sika’s first plant in the Dominican Republic and its sixth in the Caribbean. The acquisition enables Sika to secure and expand its market position in the fast-growing Dominican market. The optimized production capacity, the larger customer base and the expanded product range will improve market access and open up “excellent cross-selling opportunities” for the company, according to the press release. “Thanks to improved access to a broader customer base and supported by local production, we will generate further growth in the Dominican market,” Mike Campion, Regional Head Americas, is quoted as saying.

    According to the press release, growth drivers in the Dominican Republic industry are infrastructure projects in the areas of energy and transportation, commercial construction and tourism. Sika is ideally positioned in this dynamic future market to benefit from the growth trends.