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Sika AG

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Specialty chemical company
Sika AG
Company typeAktiengesellschaft
Traded asSIX: SIKA
ISINCH0418792922 Edit this on Wikidata
IndustryChemical & Construction Industry
Founded1910, Switzerland
FounderKaspar Winkler
HeadquartersBaar (ZG), Switzerland
Number of locationsSubsidiaries in 103 countries
Key peopleThomas Hasler (CEO)
Thierry F. J. Vanlancker (Chairman)
ProductsConcrete admixtures and additives, roofing and flooring systems, adhesives and sealants, waterproofing solutions, mortar products, solutions for engineered refurbishment and the industrial sector
BrandsSikaflex
Sikalatex, etc.
RevenueIncrease CHF 11.239 billion (2023)
Net incomeDecrease CHF 1063 million (2023)
Number of employees34,000 (2024)
Websitewww.sika.com

Sika AG is a Swiss multinational specialty chemical company that supplies to the building and motor vehicle industries, headquartered in Baar, Switzerland. The company develops and produces systems and products for bonding, sealing, damping, reinforcing and protecting. Currently, it has over 33,500 employees, subsidiaries in more than 103 countries around the world and manufactures in over 400 factories.

Sika AG is the legal entity for the holding company, which includes the Sika organizations worldwide, Sika Technology AG and Sika Services AG.

History

Sika was founded in 1910 under the name Kaspar Winkler & Co, Zurich, by Austrian Kaspar Winkler. Winkler's first inventions were agents to protect and clean granite and a waterproofing agent for mortars. The waterproofing products were used to seal and protect the Gotthard Rail Tunnel from 1918 through 1922, which let to international recognition of his company.

With Romuald Burkhard, the second generation of the owner's family entered in 1953. He was named CEO in 1961 and chairman in 1971.

In 2006, the Sika Group was active in 70 countries and had a workforce of approximately 12'000.

In 2009, revenue was CHF 4.2 billion.

In 2014, an unfriendly takeover was launched by French company Saint-Gobain. The Burkhard family wanted to sell its shareholdings to Saint-Gobain at an elevated prize due to the control majority of its privileged shares. The management of Sika and other shareholders, including the Bill & Melinda Gates Foundation, opposed this deal. After a long legal battle, an agreement was reached in 2018. The heirs of the Burkhard family received cash payments for their shares, Saint-Gobain became a minority shareholder and Sika remained an independent company.

In May 2019, Sika acquired Parex, a global mortar manufacturer with a focus on tile setting materials and facade renderings. Headquartered in France, Parex had more than 4,500 employees and 1,034 million € revenue.

In May 2023, the British MBCC Group, a supplier of construction chemicals with 6000 employees in 60 countries, was acquired.

Key data

Financial data in billions of CHF
Year 2017 2018 2019 2020 2021 2022 2023
Revenue 6.248 7.085 8.109 7.878 9.252 10.492 11.239
Net income 0.649 0.687 0.759 0.825 1.049 1.163 1.063
Assets 5.796 6.382 9.960 9.794 10.707 11.319 15.051
Employees 18'400 33,547

Brands

Besides the brand Sika, more than 900 product brands are in use including Sikaflex, SikaTack, Sika ViscoCrete, SikaBond, Sikafloor, Sika CarboDur Sikagard, Sika MaxTack, Sikaplan, Sikament, Sikadur, SikaLastic, SikaRoof MTC, Sika Unitherm and Sika Sarnafil.

References

  1. ^ "Annual Report 2023." sika.com. Retrieved 2024-10-01; https://www.sika.com/en/about-us/who-we-are.html
  2. ^ Christian Baertschi: "Sika". In: Historisches Lexikon der Schweiz. 2011-11-25 (German). Retrieved 2024-10-01
  3. Jörg Lienert: "Internationale Herausforderung für Betriebswirtschafter". In: Neue Zürcher Zeitung, 2006-11-11 (German). Retrieved 2024-10-09
  4. "Bill Gates kämpft gegen die Sika-Übernahme". In: 20 minuten, 2015-05-18 (German). Retrieved 2024-10-09
  5. "Sika spricht mit Investoren". In: Finanz & Wirtschaft, 2014-12-17 (German). Retrieved 2024-10-09
  6. Ernst Meier, Caroline Freigang: "So dreckig war die Schlammschlacht um Sika." In: Tagesanzeiger, 2018-05-11 (German). Retrieved 2024-10-09
  7. "Sika Completes Acquisition of Parex". www.sika.com. Retrieved 2020-01-31.
  8. "PAREX at a glance". Parexlanko: Partenaire de vos plus beaux ouvrages. 2018-04-29. Retrieved 2020-01-31.
  9. "One year of Teamwork and Collaboration." sika.com, 8 May 2024. Retrieved 2024-10-01
  10. "Company Fact Sheet: Annual Figure Data". sika.com. Retrieved 3 October 2024.

External links

Switzerland Swiss Market Index companies of Switzerland
Switzerland Swiss Leader Index companies of Switzerland
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