Feb 18, 2016

Sika Opens Myanmar Factory

Sika AG, a manufacturer of specialty chemicals for construction and industry, said it has opened a new production plant for concrete admixtures factory near Yangon.

The Swiss firm’s additives for high-performance concrete have to date been used in construction projects such as Hanthawaddy International Airport and the “Friendship” bridge connecting Myanmar and Laos.

The latest construction project currently being carried out with Sika products in Yangon is the Lake Suites project, which combines offices, a hotel and apartments in one development, the company said.

Besides Myanmar, Sika also opened a concrete admixtures factory in Cambodia as part of its Southeast Asia expansion strategy, which involves entering into new markets and opening six to eight factories a year.

“With one new production plant for concrete admixtures in Myanmar and another one in Cambodia, Sika is increasing its proximity to customers in these growing markets and continuing its successful expansion,” the company said in a statement.

Heinz Gisel, regional manager Asia Pacific, Sika, said, “By establishing a local production facility, Sika is setting new standards in customer proximity….Customers benefit from short production and delivery times, as well as concrete admixture compositions that are tailored to the local raw materials.”

Sika has subsidiaries in 93 countries around the world and manufactures in over 170 factories. Its approximately 17,000 employees generated annual sales of CHF5.49 billion ($5.63 billion) in 2015.

Source: Myanmar Business Today