Sika establishes 99th national subsidiary in El Salvador

Sika establishes 99th national subsidiary in El Salvador

5:22 AM, 15th September 2017
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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.

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