Sika recently announced that it is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra, India. Developments at the new R&D laboratories, as well as production in the new plant, are aimed at meeting rapidly growing demand in the Indian market. On the three new production lines, Sika will manufacture products for the transportation, construction, and renewable energy sectors.
“This latest investment in India allows us to further strengthen our position in the country’s construction and industrial sectors,” said Morten Muschak, corporate target market manager, Industry. “By expanding our own production and R&D facilities at this site, we can develop our local expertise and generate huge benefits for our customers. Customer-specific solutions can be developed, produced, and delivered within a very short period of time. Sika is laying the foundations for our long-term expansion and development in this key market.”
Sika reports that both the building industry and the automotive sector in India are benefiting from dynamic economic growth and ongoing urbanization, as well as from favorable government investment policies. India is now the world’s fifth biggest market for cars. The construction industry is expected to grow by an average of 6.5% per year to 2030. Annual growth in the automotive sector in the same period should exceed 10%.
For more information, visit www.sika.com.