Sika establishes 99th national subsidiary in El Salvador

Sika establishes 99th national subsidiary in El Salvador

5:22 AM, 15th September 2017
Sika logo

BAAR, SWITZERLAND: Sika AG is establishing its 99th national subsidiary in El Salvador, Central America. The company will thus be represented by its own sales and distribution organization in the smallest Central American country – which, however, has the highest population density and over 6 million inhabitants.

Construction industry with high potential

Owing to high demand for infrastructure, the outlook for the construction industry in El Salvador is promising. According to forecasts, growth should amount to 5 percent in 2017. Growth drivers include infrastructure investments with a total volume of $3 billion. Investments will focus on seaport installations, energy infrastructure and tourism. In the current year, public investments of more than $400 million will be made in tourism projects alone.

“Sika already has a strong market position in El Salvador, as we have been supplying the construction sector out of Guatemala for many years. With this new national subsidiary, we can develop the market more efficiently and grow more rapidly. Our aim is to further develop Sika’s leading position, particularly in the sealing & bonding target market," said Jose Luis Vazquez, regional manager Latin America.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BioAmber gets non-compliance notice from stock exchange

MONTREAL, CANADA: BioAmber Inc said that the New York Stock Exchange (NYSE) has notified the company that it is no longer in compliance with NYSE list ...

Read more
SABIC inaugurates polypropylene pilot plant in Netherlands

SITTARD, NETHERLANDS: SABIC continued its global expansion with the inauguration of a new polypropylene (PP) pilot plant in Geleen, the Netherlands, a ...

Read more
DIC to expand PPS compounds capacity in Japan

TOKYO, JAPAN: DIC Corporation said it will expand the production capacity for polyphenylene sulfide (PPS) compounds, at its Komaki Plant, in Aichi Pre ...

Read more
AkzoNobel opens world’s most advanced paint plant in UK

ASHINGTON, UK: AkzoNobel NV has officially opened the world’s most advanced and sustainable paint plant in Ashington, UK. The hi-tech facility ...

Read more
BASF introduces new low odour paper coating binders

LUDWIGSHAFEN, GERMANY: BASF SE introduces new low odour XSB dispersion, expanding its paper coating portfolio for the Nordic market. BASF’s new ...

Read more
Linde invests in two Taiwan facilities for electronic materials

TAIPEI, TAIWAN/ SHANGHAI, CHINA: Linde LienHwa, a member of The Linde Group invests in local production of electronic special gases (ESGs). This enhan ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X