SIKA OPENS MACROFIBER PRODUCTION HUB IN PERU TO MEET FAST-GROWING DEMAND IN
LATIN AMERICA
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic
macro fibers, and expanding the rollout of a product range with great growth
potential in Latin America. With this innovative technology, Sika is further
strengthening its position as a leading supplier to the mining industry and a
strong partner for infrastructure projects.
Synthetic macro fibers are based on an advanced technology for the constructive
and static reinforcement of concrete structures. They reduce construction time
and costs by eliminating the need to install conventional reinforcement, while
improving the properties of cured concrete. In addition, this innovative
technology significantly extends the concrete structures' lifespan compared to
steel reinforcement. These factors have a positive sustainability impact on
green building ratings such as the international LEED certification system.
Mike Campion, Regional Manager Americas: "The growing mobility needs in urban
environments require efficient transportation infrastructure, such as new road
tunnels and subway systems. At the same time, the increasing global demand for
critical minerals is driving the need for macro fibers to secure mining
operations. With our state-of-the-art plant in Peru, we are ideally positioned
to provide our customers all over Latin America with the full range of concrete
technologies, while fulfilling the most demanding sustainability requirements of
construction projects."
The global demand for macrofibres is projected to increase considerably in the
coming years. A quarter of this demand comes from Latin America, particularly
from the mining and tunneling sectors, and is forecast to grow at a CAGR of 25%
over the next five years. Peru, the leading mining country in Latin America, is
expected to experience the highest volume growth in the region.
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a globally leading position in the
development and production of systems and products for bonding, sealing,
damping, reinforcing, and protection in the building sector and automotive
industry. Sika has subsidiaries in 103 countries around the world and, in over
400 factories, produces innovative technologies for customers worldwide. In
doing so, it plays a crucial role in enabling the transformation of the
construction and vehicle industries toward greater environmental compatibility.
With more than 33,000 employees, the company generated sales of CHF 11.2 billion
in 2023.
CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com (mailto:slappnig.dominik@ch.sika.com)
The media release can be downloaded from the following link:
Media Release (http://ml-eu.globenewswire.com/Resource/Download/63c369b3-
6e7c-408f-b1b8-c715ea2dd5b0)
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