Industry News

Sika Group Inaugurates a Concrete Admixture Facility in Ethiopia

Ethiopia: Sika Group, a Swiss specialty chemicals company, has established a new concrete admixture and mortar production plant in Nigeria and Ivory Coast, Africa. The company has set up this local production unit and it has also established subsidiaries in Tanzania and Ethiopia to gain competitive advantage. The initiation of this new factory is a strategic implementation to expand its business in the region as the construction sector in the Sub-Saharan region is expected to grow by 11% annually through 2025.

TechSci Research depicts that with the initiation of this production facility in Africa, the company is looking forward to strengthen its business position in the most promising construction sector for future growth. Additionally, with the establishment of large local production base in this region, the company will serve the growing demand for concrete admixtures from GCC countries and other parts of the EMEA region.

According to the recently published report by TechSci Research, GCC Construction Chemicals Market By Type, By End User, Competition Forecast and Opportunities, 2011 – 2021 – Saudi Arabia, UAE, Qatar, Kuwait, Oman & Bahrain”, the construction chemicals market in the GCC countries is projected to grow at a CAGR of over 7% during 2016 - 2021, due to rising government spending on construction projects coupled with increasing participation by private players in the real estate sector. Additionally, growing demand for modern residential complexes and commercial structures is expected to drive demand for construction chemicals in the GCC countries through 2021. Further, increasing need for economic diversification and reducing dependence on oil reserves is prompting majority of the countries in the region to increase expenditure on construction and infrastructure activities. Construction chemicals market in the region is dominated by major global players including BASF, FOSROC and Sika. Other major players operating in GCC construction chemicals market include Dow Menat, Chryso Gulf and Saudi Basic Industries Corporation.

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