Press Release: SIKA INVESTS IN MACRO FIBERS FOR FAST-GROWING DEMAND FOR SUSTAINABLE CONCRETE IN THE USA

SIKA INVESTS IN MACRO FIBERS FOR FAST-GROWING DEMAND FOR SUSTAINABLE CONCRETE IN THE USA

Sika has increased production capacities for macro fibers at its plant in Chattanooga, Tennessee, thus extending a product line of strategic importance for Region Americas. With this innovative fiber technology, Sika is further strengthening its position as the leading single-source supplier to the mining industry and a strong partner for sustainable construction projects.

Synthetic macro fibers are based on an innovative technology for the constructive and static reinforcement of concrete construction. The macro fibers are cost-efficient. Construction times are shortened given that no assembly of conventional reinforcement structures is required, and they significantly enhance the properties of cured concrete, surpassing traditional steel reinforcement. In addition, the innovative technology enhances sustainability in construction. Its use allows the concrete structures' lifespan to be considerably extended compared with steel reinforcing. These are important factors that have a positive impact on green building ratings such as the international LEED certification system.

Christoph Ganz, Regional Manager Americas: "The United States is experiencing a booming trend in the construction of new industrial and sustainable production facilities, including gigafactories and data centers. This surge in construction is driving a high demand for macro fibers, which are used in manufacturing of abrasion-resistant slabs and industrial flooring. On top of this, there is growing demand for macro fibers in the US, Canada, and Latin America in shotcrete applications to stabilize excavations in tunneling and mining. This smart investment will allow us to make further advances in our market penetration throughout Region Americas, unlocking the potential offered by strong growth markets on a targeted basis."

EXPANSION OF SALES MARKETS THROUGH STRATEGIC ACQUISITIONS

Sika already has a strong presence in the mining industry in Latin America and Canada, which was significantly expanded through the acquisition of King Packaged Materials Company in 2019.

Building on this foundation, the recent acquisition of Thiessen Team USA has further solidified Sika's position in the American mining sector. Reshoring of industrial know-how from Asia is triggering substantial investment in the construction of new production plants. This also opens vibrant sales markets for Sika's macro fiber technologies in the US.

CONTACT

Dominik Slappnig

Corporate Communications &

Investor Relations

+41 58 436 68 21

slappnig.dominik@ch.sika.com https://www.globenewswire.com/Tracker?data=LYdDzgLpcz_o72WsuYgLYJA2kfD5LEZCXJbZVnhzt6CljQazF1MynOBUJ8EXOClLb9crjEIq6CYEbu4dXDAJQl_jzxcWPSSNlMJBAcQYcSWWgc70MZK_Wo5J0ST4NNKz

SIKA CORPORATE PROFILE

Sika is a specialty chemicals company with a 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 around the world and manufactures in over 400 factories. The company operates with more than 33,000 employees and generated annual sales of CHF 10.5 billion in 2022.

The media release can be downloaded from the following link:

Media Release https://www.globenewswire.com/Tracker?data=SSZIiXA1janY0A7J3Rsw7mxYmq9lCxQhsUx2SrbEXpXR3cyv3MxNdEdQmaUiXwLGuWpfoBIZ0UJbA4YL5wZqIc7YtAIhXDWpwh6R-AdGAKo_covLxZLdApwkLAA5K5L9qNWWbu8c2eAalXeKDu-uwezUaqtJhl-lP3OtfDzU-uE=

Attachment

-- Media Release.pdf

https://ml-eu.globenewswire.com/Resource/Download/9c434dff-0380-4350-992f-7af48df9b045

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July 28, 2023 01:00 ET (05:00 GMT)