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    SIKA   CH0418792922

SIKA AG

(SIKA)
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Sika Expands Its Production Capacity in China for Faster and More Sustainable Customer Solutions

11/22/2021 | 01:00am EST

Sika Expands Its Production Capacity in China for Faster and More Sustainable Customer Solutions. By opening a new mortar production facility in Jiaxing City, in the province of Zhejiang in Eastern China, Sika has further expanded its production capacity in the rapidly growing Chinese construction market. The commissioning of the new facility is Sika?s response to high demand in the region. At the same time, this step guarantees optimized logistics, shorter transportation routes for raw materials and finished goods, and a reduction in CO2 emissions. With its latest investment in the expansion and improvement of its supply chain in China, Sika is targeting further growth in the greater Zhejiang region, one of China?s most economically prosperous areas. Up to now, the technologies for construction projects in Eastern China were produced at the Shanghai and Suzhou plants. Sika can now meet the customers? demand locally in all three metropolitan regions with a booming construction economy, providing a more sustainable and service-oriented solution. Both customers and the environment will benefit greatly.


ę S&P Capital IQ 2021
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Financials
Sales 2021 9 197 M 10 045 M 10 045 M
Net income 2021 1 038 M 1 134 M 1 134 M
Net Debt 2021 2 352 M 2 569 M 2 569 M
P/E ratio 2021 48,6x
Yield 2021 0,92%
Capitalization 47 469 M 51 857 M 51 844 M
EV / Sales 2021 5,42x
EV / Sales 2022 4,91x
Nbr of Employees 25 274
Free-Float -
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Mean consensus BUY
Number of Analysts 20
Last Close Price 331,90 CHF
Average target price 415,56 CHF
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Thomas Hasler Chief Executive Officer
Adrian Widmer Group Chief Financial Officer
Paul Johann Hńlg Chairman
Raffaella Marzi Head-Human Resources & Compliance
Daniel J. Sauter Independent Director
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