Sika is opening the first concrete admixture production plant in the country. Sika is the first-ever international company to manufacture its products locally, and the move creates a base from which to build up business activities in the growth market, which has a total population of approximately 100 million.
Strong Construction Industry Growth Rates Expected
By establishing its factory in Addis Ababa Sika is positioning itself in a megacity. Ethiopia is the second biggest economy in sub-Saharan Africa in population terms, and the fourth biggest in terms of economic output. One of the factors benefiting the construction sector is the government’s Growth and Transformation Plan. According to forecasts, construction is set to grow by approximately 11% annually in the period up to 2025 and thus more strongly than other countries in the sub-Saharan region.
The new plant, located in Alemgena, Welete, will produce the most used construction materials in the local market, on categories Admixture, Waterproofing, Sealing & Bonding, Refurbishment, Flooring and Roofing categories.
“We are also planning to expand production with other product ranges. In fact, more products will be launched at the beginning of next year, like roofing liquid applied membranes, hydrophobics, waterproofing mortars, tile adhesives, grouts and dry shakes”, stated Petrisor Grindeanu, General Manager Sika Abyssinia.