Sika Expands Global Footprint with New Plants in Singapore and China
- 22-Jan-2025 5:00 PM
- Journalist: Joseph Dennie
These expansions aim to enhance Sika's ability to serve the growing construction markets in both regions with innovative and sustainable solutions.
Key Takeaways:
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Sika's strategic investments in Singapore and China demonstrate the company's commitment to serving key growth markets in the Asia-Pacific region.
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The new plants will enhance Sika's ability to meet the specific needs of local customers with tailored solutions and improved logistics.
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Both Singapore and China offer significant growth potential for the construction industry, driven by government investments in infrastructure and a focus on sustainable development.
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Sika's emphasis on sustainability in its manufacturing operations aligns with global trends and contributes to a more sustainable built environment.
Sika, a leading specialty chemicals company, has announced the opening of two state-of-the-art manufacturing plants in Singapore and Xi'an, China.
The Singapore plant specializes in the production of high-performance mortars, catering to the demands of the densely populated island nation. With its focus on urban development and ambitious infrastructure projects, Singapore presents a strong market for innovative building materials. This new facility will significantly reduce logistical distances, allowing Sika to respond more effectively to local customer needs.
In China, Sika has opened its second major plant this year, this time in Xi'an, Northwest China. This facility will manufacture a comprehensive range of Sika products, including tile adhesives, cementitious waterproofing solutions, and flooring systems. With 35 manufacturing sites now operating across the country, Sika strengthens its presence and enhances its ability to serve the vast and dynamic Chinese construction market.
Philippe Jost, Regional Manager Asia/Pacific, emphasized the significance of these expansions and said, "Investing in these new plants aligns perfectly with our growth strategy in Asia. They will enable us to provide our customers with even better service and access to our leading-edge technologies. Moreover, both facilities are designed with sustainability in mind, incorporating energy-efficient processes and environmentally friendly materials."
Strong Market Fundamentals
The Singaporean construction market is projected to experience robust growth, with a CAGR of 4.1% expected until 2028. This growth is primarily driven by the government's ambitious Land Transport Master Plan 2040, which outlines significant investments in rail infrastructure, including new stations and priority transit corridors.
The Chinese construction market, valued at CHF 4.3 trillion in 2025, is also poised for continued expansion, with a forecasted CAGR of 3.9% through 2028. The government's current five-year plan emphasizes infrastructure development and improved construction quality, driving substantial investment in key projects. Furthermore, China's commitment to achieving carbon neutrality by 2060 is creating a strong demand for sustainable building solutions.