Sika reports that the company once again succeeded in achieving organic growth in a declining overall market and grew by 0.9% in the first three months of the year. 

This one-component, polyurethane foam adhesive is designed for use in Sika Exterior Insulation and Finish Systems (EIFS).

Sika has opened a new production facility in Ust-Kamenogorsk, Kazakhstan, with production lines for mortar and concrete admixtures, as well as a modern laboratory. 

Sika is further strengthening its presence and proximity to customers in Ecuador with the opening of a new plant in Quito, Ecuador. 

In posting its 2024 financials, Sika reports a strong performance in a market that remained very challenging, achieving record results and expanding its market share. 

Sika recently announced it has fully acquired HPS North America Inc., a supplier of building finishing materials located in the United States.

Sika has acquired Cromar Building Products, a supplier of roofing systems in the UK that mainly serves its customers through the distribution channel. 

Sika has acquired Elmich Pte Ltd, a leading supplier of urban greening systems headquartered in Singapore. 

Sika has opened two plants in Singapore and in Xi'an, Northwest China, allowing the company to respond better to local market demands.

In the past fiscal year, Sika achieved record sales of CHF 11.76 billion (approximately $12.83 billion), compared to the previous year of CHF 11.24 billion (approximately $12.26 billion).

Sika recently announced that the company has set new records for sales and profitability during the first nine months of the fiscal year. 

Sika has closed the acquisition of Chema, a leading producer of tile setting-materials in Peru with operations throughout the whole country. 

The award recognizes innovations in the global automotive chain and is determined by an independent panel of judges.  

Sika recently announced that it has more than doubled the production capacity at the Bekasi plant, its biggest manufacturing facility in Indonesia. 

Sika recently announced strong growth in the first half of 2024, due in part to the integration of the MBCC acquisition and targeted expansion of market share.

The acquired company, Vinaldom, has successfully served the local market for decades with high-quality products that include concrete admixtures, fibers, adhesives, and sealants.

The site will manufacture a full range of products, including mortars, tile adhesives, and waterproofing solutions. 

Sika’s near- and long-term emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science Based Targets initiative (SBTi). 

Investments in start-ups, acquisitions, and the opening of new plants led to the significant revenue growth for the company

Sika has expanded its research and development capacities in the Asia-Pacific region with the opening of a new Technology Center in Suzhou, China. 

Sika recently announced that the company is continuing to invest in polymer production at its Sealy, Texas, site. 

Despite a sharp rise in interest rates with the corresponding negative impact on the construction industry, Sika saw a significant profitability increase in the third quarter.

Sika reported a record first-half-year sales of CHF 5,345.5 million, bolstered by the acquisition of MBCC and increasing demand in infrastructure projects and sustainable automotive technologies.

SikaForce^®-840 L07 has been recognized by the Center for the Polyurethanes Industry as the next evolution of “Curing By Design” technology. 

With this fiber technology, Sika is strengthening its position as a strong partner for sustainable construction projects.

India’s rapidly growing infrastructure allows Sika to take advantage of the increased demand from the construction industry. 

Sika is a multinational specialty chemicals company developing and producing systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and construction and motor vehicle industries.

Report shows Sika performed well with slight growth in local currencies.

The British Competition and Markets Authority provided Sika with provisional negative feedback regarding INEOS Enterprises as a prospective buyer for the divestment of MBCC Group’s chemical admixtures assets, due to competition concerns. 

The completion of the transaction, as well as Sika’s acquisition of MBCC Group, are subject to regulatory approvals and expected in the first-half of 2023.

Sika has released its 2022 financial report. According to the report, Sika performed well against an increasingly difficult economic backdrop with CHF 10.49 billion in sales. 

By commissioning the new plant, Sika hopes to expand its position in this rapidly growing metropolitan area. The area is set to become even more important as China is creating the Chengdu-Chongqing business district with almost 100 million inhabitants.

Sika has released a financial report detailing its performance in a volatile economic environment. According to the report, Sika achieved another record result in the first nine months of fiscal year 2022.

Sika recently announced that it has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. 

Sika has acquired United Gilsonite Laboratories (UGL), a manufacturer of products for consumer and DIY waterproofing applications. 

Despite supply shortages in raw materials and a highly inflationary environment, Sika reported increased sales in the first quarter of 2022, posting a new record figure of nearly CHF 2.4 billion (approximately $2.6 billion).

Sika has closed the transaction related to the divestment of its European industrial coatings business to The Sherwin-Williams Co. 

Sika has acquired Sable Marco Inc., a manufacturer of cementitious products and mortars in Canada. 

Despite the ongoing COVID-19 pandemic and bottlenecks in the procurement of raw materials, Sika reported sales rose by 17.5% to a record CHF 9.3 billion (approximately $10.1 billion) in 2021.

Sika has moved into a new site in the East African country of Tanzania and is now locally producing mortars in addition to concrete admixtures.

Sika recently reported that it performed well in a challenging environment in 2021.

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.

Sika has expanded its production capacity in the rapidly growing Chinese construction market with the opening of a new mortar production facility in Jiaxing City, in the province of Zhejiang in Eastern China.

Sika recently announced that it has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds.

Sika is sponsoring the Peak Evolution expedition, a challenging project to reach a new world record. The Peak Evolution team is developing an innovative and sustainable agricultural vehicle called TERREN, working completely with electrical power.

Sika recently reported that it maintained its growth trajectory over the first nine months of 2020, despite the severe repercussions of the coronavirus pandemic, increasing sales by 2.6% in local currencies to CHF 5.8 billion (approximately $6.4 billion).

Transportation has evolved tremendously over the last century. From horse and buggy to steam power, the internal combustion engine, multi-speed powertrains, and the latest push for hybrids and electrification—the way things move has changed tremendously.

Our annual ASI Top 20 details the leading worldwide manufacturers of adhesives and sealants. We targeted sales figures (and other details) for finished adhesives and sealants, as well as related products such as tapes, to develop the ranking.

Sika Corp.’s Sikaflex-501 is a one-component silane-terminated polymer (STP) universal sealant.

Sika Corp. recently introduced its SikaLastomer-714 butyl sealant for the U.S. transportation aftermarket. 

Sika Corp. recently announced that Sikasil SG-20 has won a 2019 Readers’ Choice Award from USGlass Magazine.

Welcome to the ASI Top 20, our annual feature detailing the leading worldwide manufacturers of adhesives and sealants. To develop the ranking, we worked diligently to target sales figures (and other details) focused specifically on adhesives and sealants.