By Andrew Nsoseka
Sika, a leading multinational company, with expertise in the production of specialty chemicals used in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and motor vehicle industry, is further expanding its presence in West Africa, starting with a new facility for mortars in Cameroon.
A press release from the company declares that “Sika is further expanding its presence in West Africa and starting operations in a new facility for mortars in Cameroon. Following the foundation of the national subsidiary in 2016 and the opening of a concrete admixture plant in 2017, the company is now investing in a new mortar manufacturing facility. In total, Sika has 22 factories on the high-growth African continent”.
According to the company, they have, in the current business year, invested in new facilities in Egypt and Senegal. “Sika will use its new mortar products factory, located in the major city of Douala, to expand its product portfolio and supply customers in Cameroon’s construction market with locally manufactured products. The country’s building industry is developing dynamically under the stimulus of investments in infrastructure and housing construction,” Sika states in its press release.
Referring to instances where, major projects, using its products, have been realised in Cameroon, the company cites “sports stadiums, the Douala Grand Mall and Business Park Project, and facilities for water treatment and the supply of drinking water which are being constructed across the country.”
The company equally quotes it’s Regional Manager for Europe, the Middle East and Africa, EMEA, Ivo Schädler, saying: “We are continually expanding our business on the African continent and are recording the strongest growth rates in the EMEA region. Over the past four years, we have increased sales by an average of 22 per cent each year. Our investments in expansion will create the basis for further market penetration in Africa, where the boom in the construction industry is being driven by high population growth combined with urbanisation trends and megacity developments.”
Following its golden touch, they have left wherever they have operated throughout the world, Sika is optimistic about its decision to invest in Cameroon.
the international company, “forecasts indicate that Cameroon’s construction
industry is expected to grow by 8.4% in 2019, with annual growth averaging 7.4%
“This means that the country’s construction market is the market with
the highest dynamics in West Africa,” Sika maintains.
Sika’s Corporate Profile
According to authorities of the company, “Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 300 factories. With 24,000 employees Sika expects sales in excess of CHF 8 billion [approximately FCFA 4.8 trillion], for the fiscal year 2019”.