Sika establishes national subsidiary in Senegal, Africa

Sika establishes national subsidiary in Senegal, Africa

6:45 AM, 27th April 2017
Sika establishes national subsidiary in Senegal, Africa

BAAR, SWITZERLAND: Sika AG said that it is establishing a new national subsidiary in Senegal, West Africa – following those in Nigeria, Ivory Coast and Cameroon. A local production facility for concrete admixtures is already being planned, which will subsequently be expanded to include mortar products. The company has a strong presence in Africa with 19 national subsidiaries and 17 factories.

The main growth driver for the Senegal's economy and construction sector is the “Plan for an Emerging Senegal” with a time horizon of 2035 which aims to boost urban centres with significant economic potential through infrastructure projects and other measures. Key transport infrastructure projects are being partly co-financed by the European Investment Bank and the European Union.

“We are positioning ourselves early in emerging markets such as Senegal. Large-scale investment projects in infrastructure, transport, energy and water combined with recently discovered oil reserves will contribute to this emerging country's development. Our growth strategy in Africa is paying off. Over the last five years we have increased sales by an average of 22 percent per year,” said Paul Schuler, Sika regional manager EMEA.

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