Archive

2013

Sika Has Made an Offer for the Building Adhesives Business of AkzoNobel

08/08/2013

Media Release
Acquisition

Sika has made a binding offer of CHF 320 million to acquire the Building Adhesives Business of the Dutch company AkzoNobel. With annual sales of CHF 228 million, AkzoNobel Building Adhesives is a top-three player in its core European markets and employs 550 people. With this acquisition, Sika will increase its product offering for interior finishing in the Flooring, Sealing & Bonding and Refurbishment markets. The transaction is expected to be completed in the fourth quarter of 2013.

July

2010

Sika Strengthens Waterproofing Business in N. America

01/07/2010

Media Release
Acquisition

Sika AG announces that its U.S. subsidiary, Sika Corporation, has acquired the Greenstreak Group, Inc. The transaction closed on July 1, 2010. Headquartered in St. Louis, MO, annual revenues for Greenstreak are approximately $30 million USD. Sika expects this acquisition will further strengthen its leadership position in the North American construction industry - particularly in the area of engineered waterproofing.

April

2010

Shareholders Approve All Proposals

20/04/2010

Media Release
General Meeting

Baar (Switzerland) – At the Annual General Meeting on Tuesday, April 20, 2010, the shareholders of Sika AG approved all proposals put forward by the Board of Directors and resolved to distribute a dividend to shareholders representing roughly 50% of consolidated net profit.

October

2010

Sika Strengthens Sealing and Bonding Business in North America

15/10/2010

Media Release
Acquisition

Sika AG announces that its US subsidiary, Sika Corporation, has acquired May National Associates, Inc., a leading manufacturer of silicone and polyurethane products for sealing and bonding in Construction, Industrial, and Distribution markets. May National is located in Lakewood, New Jersey with annual sales revenue of approximately $ 20 million USD and 60 employees.

April

2011

Annual General Meeting Approves Board's Proposals

12/04/2011

Media Release
General Meeting

The shareholders of Sika AG approved all proposals put forward by the Board of Directors at the Annual General Meeting of April 12, 2011.

October

2011

New Manager Region Asia/Pacific

03/10/2011

Media Release
Management

Sika has appointed Heinz Gisel as its new Regional Manager Asia/Pacific with effect from January 1, 2012. Gisel will join Sika’s Group Management as of the same date. The 46-year-old Swiss has worked for Sika for twenty years. Since 2009 he has been General Manager responsible for China.

October

2011

Sika Strengthens Position in the Spanish Market

06/10/2011

Media Release
Acquisition

Sika acquires Comercial de Preresa, SA (Copsa), a company with a strong position in the flooring, repair and reinforcement markets in Spain and Portugal. Copsa is located in Cobeña (Madrid) with annual sales of approximately CHF 17 million and 60 employees.

February

2013

Continued Revenue Growth, Above-Average Increase in Net Profit, and Further Investments in Growth Markets

28/02/2013

Annual Report
Media Release
Financial

▪ 5.8% sales growth (5.3% in local currencies) to CHF 4 829 million
▪ Sales up 10.7% in emerging markets
▪ 31% increase in net profit to CHF 281 million
▪ High operating free cash flow of CHF 303 million (2011: CHF 186 million)
▪ Further investments in growth markets with new factories in Asia, Latin America and Eastern Europe

April

2013

Cold Winter Holds Back First Quarter Sales

16/04/2013

Media Release
Financial

Despite a long winter, Sika managed to maintain sales in local currencies at the previous year’s level (-0.2%) in the first quarter of 2013. As exchange rate shifts had a negative impact of -0.9%, sales in Swiss francs reached CHF 1 043 million.

January

2013

5.8% Increase in Sales Thanks to Strong Global Positioning

10/01/2013

Media Release
Financial

▪ Sales up 5.8% to CHF 4.82 billion
▪ 10.7% growth in emerging markets
▪ Emerging markets account for 37% of sales

In 2012, Sika lifted sales by 5.8% to CHF 4.82 billion. This was largely attributable to Sika's strong global presence, which enabled the company to offset fall-offs in demand in European markets. 10.7% growth was achieved in the emerging markets.

February

2013

Corporate Identity Process within Sika

28/02/2013

Media Release

The Sika brand stands for quality and consistency. Sika is a strong brand. It allows the Group to present a consistent identity in all target markets and with all products.

December

2012

Sika Reinforces Position in Latin America by Acquiring Market Leader in Paraguay

13/12/2012

Media Release
Acquisition

Sika has agreed to acquire Inatec SRL in Paraguay. Inatec, a privately owned company with a strong position in the construction chemicals market, is located in Asunción with annual sales of CHF 7 million.

April

2009

Sika Annual General Meeting: Shareholders Approve all Proposals

21/04/2009

Media Release
General Meeting

At the Annual General Meeting on Tuesday, April 21, 2009, the shareholders of Sika AG approved all proposals put forward by the Board of Directors and resolved to distribute a dividend to shareholders representing roughly 42% of consolidated net profit.

April

2009

Sika Grows in Emerging Markets

22/04/2009

Media Release
Financial

In the first quarter of business year 2009 Sika continued to grow in a number of emerging markets. The comparatively hard winter and the effects of the economic crisis led however to an overall decline in sales. The sales decline in the first quarter amounted to -6.7% in local currencies. Included therein is an acquisition effect of 2.7%. Exchange rate fluctuations influenced negatively with -6.0%, so that sales in Swiss francs in comparison with the first quarter of the previous year declined by -12.7% from CHF 1017 million to CHF 888 million.

September

2009

Structural Adjustments to Increase Efficiency

30/09/2009

Media Release
Innovation

Sika Group structurally adapts its manufacturing footprint for sealants and adhesives as well as for membranes due to new production technologies and continued changes in market conditions. This reorganization ensures that Sika Group remains competitive in the long term. Approximately 50 jobs will be cut in Switzerland.

September

2009

Sika Expands its Concrete Admixture Business in China

24/09/2009

Media Release
Acquisition

Sika AG announces that its Chinese subsidiary, Sika (China) Ltd., has acquired a majority stake in Jiangsu TMS Admixture Co., Ltd., a leading supplier of concrete additives to the Eastern China markets.

July

2010

Increase of Profit and Market Share

30/07/2010

Half-year Report
Media Release
Financial

Sika grew in all Regions in the first half-year of 2010 in terms adjusted for exchange rates. In emerging markets, double-digit growth rates were achieved throughout. With material costs initially still low and those for personnel reduced, operating profit increased considerably. For the second half-year the company anticipates sustained growth with rising material costs.

November

2010

Sika Boosts Sales and Profit

05/11/2010

Nine Months Report
Media Release
Financial

Sika increased sales in the first nine months of the year in local currencies by 8.7%. Consolidated net profit rose in this period by 24.7% to CHF 249.2 million. Business has been driven primarily by strong demand in emerging markets. In addition, sales of products for industry have also advanced measurably.

December

2010

CEO Succession Plan

20/12/2010

Media Release
Management

The Board of Directors of Sika AG and CEO Ernst Bärtschi have agreed that after seven and a half years of successful engagement as chief executive officer, Ernst Bärtschi will resign from his office as of May 2012 and enter retirement. At that time he will have reached the age of 60.

January

2011

Sika Increases Sales in Local Currencies

11/01/2011

Media Release
Financial

Sika achieved net sales of CHF 4.4 billion in business year 2010. Sales in local currencies thereby increased by more than 10%. Sika grew in all market Regions. Emerging markets advanced strongly, particularly the Regions Asia/Pacific, with 41.4% growth in local currencies, and Latin America, with 18.0% growth.

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Media Release Archive

Sika Has Made an Offer for the Building Adhesives Business of AkzoNobel

Sika Strengthens Waterproofing Business in N. America

Shareholders Approve All Proposals

Sika Strengthens Sealing and Bonding Business in North America

Annual General Meeting Approves Board's Proposals

New Manager Region Asia/Pacific

Sika Strengthens Position in the Spanish Market

Continued Revenue Growth, Above-Average Increase in Net Profit, and Further Investments in Growth Markets

Cold Winter Holds Back First Quarter Sales

5.8% Increase in Sales Thanks to Strong Global Positioning

Corporate Identity Process within Sika

Sika Reinforces Position in Latin America by Acquiring Market Leader in Paraguay

Sika Annual General Meeting: Shareholders Approve all Proposals

Sika Grows in Emerging Markets

Structural Adjustments to Increase Efficiency

Sika Expands its Concrete Admixture Business in China

Increase of Profit and Market Share

Sika Boosts Sales and Profit

CEO Succession Plan

Sika Increases Sales in Local Currencies

Sika GCC

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Topics

Sika Has Made an Offer for the Building Adhesives Business of AkzoNobel

Sika Strengthens Waterproofing Business in N. America

Shareholders Approve All Proposals

Sika Strengthens Sealing and Bonding Business in North America

Annual General Meeting Approves Board's Proposals

New Manager Region Asia/Pacific

Sika Strengthens Position in the Spanish Market

Continued Revenue Growth, Above-Average Increase in Net Profit, and Further Investments in Growth Markets

Cold Winter Holds Back First Quarter Sales

5.8% Increase in Sales Thanks to Strong Global Positioning

Corporate Identity Process within Sika

Sika Reinforces Position in Latin America by Acquiring Market Leader in Paraguay

Sika Annual General Meeting: Shareholders Approve all Proposals

Sika Grows in Emerging Markets

Structural Adjustments to Increase Efficiency

Sika Expands its Concrete Admixture Business in China

Increase of Profit and Market Share

Sika Boosts Sales and Profit

CEO Succession Plan

Sika Increases Sales in Local Currencies