Yemisi Izuora/Joseph Bakare
Swiss chemical group Sika has announced the opening of its first concrete admixture and mortar production plant in Nigeria and Ivory Coast.
It has also established new subsidiaries in Ethiopia and Tanzania, with an aim to expand its business in Africa.
So far, the company has expanded its presence to 16 countries in the African continent.
Sika EMEA (Europe, Middle East and Africa) regional manager Paul Schuler said: “Our new production facilities in Nigeria and Ivory Coast and our new subsidiaries in Tanzania and Ethiopia represent another milestone in the consequent execution of Sika’s Strategy 2018.
” With the latest investments, we will further accelerate our growth in Sub-Saharan Africa and increase Sika’s market share.”
“It demonstrates our strong belief in the potential and the prosperous future of the continent.”
Sika has invested in is local production plants in Lagos and Abidjan for the production of high-quality concrete admixtures and mortars, which will be supplied to the growing markets of construction, refurbishment and maintenance in both the countries.
The company aims to supply its products to the international and medium-sized local contractors working on big oil and gas, infrastructure, commercial and residential projects.
Very recently, in a separate deal, Sika opened a new production plant for mortars and admixtures production in Cordoba, Argentina.
Located at 700km northwest of the capital Buenos Aires, it will be Sika’s second plant in the country.
With the new facility, the company expects to improve its presence in the construction market in several locations in Argentina, such as Tucuman, Rio Negro, Neuquen, Entre Rios, Mendoza, and Cordoba.