INNOVATING TO ACHIEVE NET ZERO –

SIKA CAPITAL MARKETS DAY: INNOVATING TO ACHIEVE NET NULL – STRATEGIC ATTRACTIVENESS OF MBCC ACQUISITION CONFIRMED

The motto of the Sika Capital Markets Day 2022, which takes place today in Zurich, is “Our Path to Net Zero”. Sika’s management team outlines the strategy that will enable the company to maintain a high level of growth while reaching its net zero targets by 2050. In a presentation in front of an audience of more than 200, CEO Thomas Hasler confirmed the strategic attractiveness of the acquisition of MBCC and revised growth expectations for 2022 upwards.

Sustainability has been a key factor in Sika’s corporate strategy for over a decade. With its strong innovative strength, Sika develops a range of sustainable solutions for the construction industry as well as industrial applications for the automotive industry and other industries. The company is focused on highly targeted innovation to reach its net-zero goals.

Also Read :  The clean energy economy is gaining ground, but greater efforts are needed now to get on track for net zero by 2050 - News

Thomas Hasler, Chief Executive Officer: “Tackling climate change is also key in a more challenging economic environment. Our clear goal is to continue to grow sustainably and to decouple our growth from greenhouse gas emissions with new innovations. We want to use pioneering solutions that enable our customers to reduce their CO2 emissions. As a leading innovator, we can play a key role in enabling the achievement of net zero targets in our markets, which positions Sika very well for further growth and for the future.”

At the Sika Capital Markets Day 2022, members of the Executive Board and Sika experts will show how the company’s innovations are accelerating the path to net zero, how the resilient and agile business model generates sustainable growth, how future-oriented topics such as digitization and automation are changing the construction industry and the Importance of electromobility, wind and solar energy for the development of forward-looking Smart Cities.

Also Read :  Bitcoin Volume Spikes In United Kingdom - Bitcoin Magazine

Sika confirms the strategic fit of the takeover of MBCC. Unconditional approval has already been received from authorities in most jurisdictions including Japan, China, Brazil, South Africa, Saudi Arabia, Turkey and Thailand. The acquisition is clearly value-added and Sika confirms annual synergies of CHF 160-180 million. A process has been initiated to find a competent buyer for part of MBCC’s blending business.

Also Read :  Mark Cuban Net Worth: How Rich Is the Billionaire Entrepreneur Compared to LeBron James and Michael Jordan?

For the 2022 financial year, Sika expects an increase in sales in local currencies of more than 15% with a disproportionate increase in EBIT.

CONTACT
Dominik Schlappnig
corporate communication &
Investor Relations
+41 58 436 68 21
[email protected]

SIKA COMPANY 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 construction and automotive industries. Sika has branches in 101 countries around the world and produces in over 300 factories. More than 27,000 employees generated annual sales of CHF 9.3 billion in 2021.

The media release can be downloaded from the following link:

media release

Leave a Reply

Your email address will not be published.