News from Sika regarding its activities in Qatar drew the most reader interest last week (Sika Begins Production of Epoxy Resins in Qatar, Expands Capacity for Concrete Admixtures): “Sika recently announced that it has started manufacturing epoxy resins and has expanded its production capacity for concrete admixtures in Qatar. Epoxy resins are key components in high-quality floor coverings and adhesives. With its enlarged portfolio and its local production capacity, Sika reports that its goal is to exploit market potential and drive forward the focused expansion of its business in the region.
“This latest investment in expansion in Qatar’s capital, Doha, will reportedly help Sika to continue building its business in this fast-growing region so that it can benefit from the dynamic development in the construction market. The sector is being boosted in particular by major projects and the expansion of energy and utilities infrastructure, as well as stimuli induced by government tenders. Thanks to its local production facilities, Sika is also able to comply with the terms applicable to construction projects in the country. Qatar’s state sourcing policy stipulates that preference must be given to domestically manufactured products.
“‘Our latest investment in Qatar is positioning us for continued growth and is strengthening our competitiveness in the country,’ said Ivo Schädler, regional manager EMEA. ‘In expanding our production, we are anticipating a substantial increase in demand and volumes for our high-value adhesives and flooring solutions. Our building-sector customers will benefit from an expanded and locally produced portfolio of Sika solutions which, in addition, eliminates long-distance transportation. This benefits the environment, our customers, and Sika.’”
Is your company expanding? We’d love to help share the news! Send press releases to me at suttons@bnpmedia.com.
Top 5 News that Sticks for April 18-24
- Sika Begins Production of Epoxy Resins in Qatar, Expands Capacity for Concrete Admixtures
- RPM Reports Strong Results for Fiscal 2021 Third Quarter
- Covestro Completes Acquisition of Resins & Functional Materials Business from DSM #4 last week
- Dow Named One of the 2021 100 Best Companies to Work For
- Admix Appoints Hansen Chief Operating Officer to Spearhead Lean Initiatives
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.
