Latest News

  • Media Release
  • 2023
  • August
  • Acquisition

Sika acquires stake in innovative flooring company

Sika acquires a stake of 30% in Concria Oy, a Finnish startup company specializing in highly innovative concrete floors. Concria has developed a new technology for concrete flooring, offering a wide range of advantages to contractors, architects, and property owners. Sika’s global network and complementary product portfolio will provide an attractive growth platform.
  • Media Release
  • 2023
  • August

Sika expands production capacity for concrete admixtures in the USA

Sika continues to invest in its polymer production at its Sealy site in the US state of Texas, Sika’s latest move marks its second polymer investment in the state of Texas in just five years. Polymers are chemical building blocks needed to manufacture Sika® ViscoCrete®, Sika’s high-performance, resource-saving concrete admixture. The company has initiated this expansion due to the rising demand for its concrete admixture in the USA and Canada.
  • Media Release
  • Nine Months Report
  • October
  • Financial
  • Ad hoc
  • 2023

Sales rise by 12.4% thanks to MBCC Acquisition - Significant profitability increase in Q3

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales of CHF 8,449.2 million (+5.6% in CHF) after nine months of the fiscal year
▪ Sales growth of 12.4% in local currencies (negative foreign currency impact of -6.8%)
▪ Expansion of material margin to 53.1% (previous year-period: 49.3%)
▪ Increase in EBIT margin adjusted for acquisition-related costs to 14.8% (previous year-period: 13.8%)
▪ In Q3 EBIT increased by +24.3% (compared to Q3 2022)
▪ Operating free cash flow significantly increased to CHF 877.3 million (previous year-period: CHF 422.4 million)
▪ Successful integration of MBCC and increase in synergies from CHF 160-180 million to CHF 180-200 million
▪ Acquisition of Thiessen Team (USA) and Chema (Peru)
▪ Opening of new plants in Kharagpur (East India) and Chattanooga (Tennessee, USA)

Outlook for fiscal 2023 confirmed:
▪ Sales increase in local currencies of more than 15% (including MBCC)
▪ Over-proportional increase in EBIT (excluding MBCC acquisition)
▪ Operating free cash flow (as % of net sales) of over 10% expected
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Discover Sika

Sika is a specialty chemicals company with a globally 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 103 countries, manufactures in over 400 factories, and develops innovative technologies for customers around the world that facilitate the sustainable transformation of the construction and transportation industries. With more than 33,000 employees, the company generated annual sales of CHF 10.5 billion in 2022.

Reference Projects

Car park systems for Manufaktura Shopping Center in Poland

Car Park at Manufaktura Shopping Center

Łódź, Poland

Car Park at Manufaktura Shopping Center

Łódź, Poland
2014
To serve the clients who visit Manufaktura commercial center in Łódź, the investor decided to construct an additional 12,000 m² large parking deck in the area. The main requirements of this project were high crack bridging ability even at low temperatures and a fast curing solution due to the unstable weather conditions in the area.
Kjorbo powerhouse building surrounded by nature and animals

Powerhouse Kjørbo - Office Buildings

Sandvika, Norway

Powerhouse Kjørbo - Office Buildings

Sandvika, Norway
2014
Powerhouse Kjorbo is the first renovated office building in the world that produces more energy than it consumes. The demanding requirements of BREEAM-NOR was to select the best products and solutions as driving forces.
In December 2016, Luxury Travel Intelligence selected Helena Bay Lodge as the world’s best new luxury hotel for 2016

Helena Bay Luxury Lodge

Northland, New Zealand

Helena Bay Luxury Lodge

Northland, New Zealand
2018
Helena Bay Lodge is located on one of the most beautiful sections of New Zealand’s Northland coastline. Sika was involved in multiple areas across the property, including swimming pool, facade, bathrooms, steam room, kitchen, foyer, gym, SPA etc.
Sika office building in Zurich

Limmat Technical and Office Center

Zurich, Switzerland

Limmat Technical and Office Center

Zurich, Switzerland
2016
From basement to roof solutions provided for the construction of a new Sika's office.
Construction of San Francisco - Oakland Bay Bridge in the U.S.

The San Francisco–Oakland Bay Bridge

California, USA

The San Francisco–Oakland Bay Bridge

California, USA
2015
The new structure of the bridge is designed to meet current seismic codes. More than 120 tons of Sikadur®-31 SBA were “smeared” to each side of each precast segment prior to final placement and tensioning. Over 200’000 bags of SikaGrout®-300 PT where supplied to fill the ducts containing the post-tensioned cables.
Worker at construction site inside tunnel in Vips Valley in Switzerland

Visp Tunnel (Tuvi)

Visp Valley, Switzerland

Visp Tunnel (Tuvi)

Visp Valley, Switzerland
2018
Concrete admixtures and waterproofing systems were applied for the construction of Visp Tunnel.
The floor of a car parking garage in Linz, Austria

Underground Car Park

Linz, Austria

Underground Car Park

Linz, Austria
2018
The car park serves a new-built office and residential building. Sika supplied the flooring and the floor joint systems for this project.
SikaGrind cement additive added for high quality cement production

Maerker Cement Plant

Harburg, Germany

Maerker Cement Plant

Harburg, Germany
2018
Since several years Märker trusts the quality of SikaGrind®-870, a cement additive which is based on the Sika® ViscoCrete® technology. The integrated cement plant in Harburg and the grinding station in Lauffen produce all cement types which are relevant in the market. The product portfolio covers the complete application spectrum and Märker is able to provide cement in the market of South Germany.
Colorful decorative floor made with Sika ComfortFloor system in Crayola Experience in Florida

Crayola Experience Educational Center

Orlando, USA

Crayola Experience Educational Center

Orlando, USA
2014
The Crayola Experience, which opened this past summer in Orlando, Florida, is a place where children can discover “the magic of color.” There are 25 interactive attractions and children are encouraged to play, explore, and learn. Sika supplied Sika ComfortFloor® PS-23 system in 2015 to this 30,577 square feet project.
Aerial photo of Ulu Jelai hydropower dam in Malaysia

Ulu Jelai Hydropower Dam

Cameron Highlands, Pahang, Malaysia

Ulu Jelai Hydropower Dam

Cameron Highlands, Pahang, Malaysia
2016
The Ulu Jelai hydropower plant is estimated to generate average 374 GWh of electricity per annum. For the construction of the dam, a wide range of Sika concrete admixtures, anchoring, grouting and waterproofing solutions was applied.

Explore Latest Stories

Mong Sen Viaduct, Vietnam

Sika Concrete Admixtures for Vietnam’s Highest Bridge
The eastern branch of the MRT Orange Line

Durable Solutions for Metro Expansion
World’s first robot-assisted technology that allows complex reinforced concrete structures to be produced without formwork

Conquering the Construction Industry with Robots
Circular Quay, Sydney, Australia

How to Recycle Skyscrapers
Patricia Heidtman and Philippe Jost

Clear Commitment to Sustainability

Discover Sika on Social Media

Net Sales
10,491.8
in CHF mn
(2022)
Net Profit
1,162.5
in CHF mn
(2022)
33,698
Employees
worldwide
Worldwide presence
103
Countries
104
New patents
(2022)