Key facts
- Sika is targeting growth in China's renovation market.
- Sika sees growth opportunities in global data centres.
- Sika has adapted its business model in China to focus on renovations.
- Sika anticipates sustained growth in its automotive business.
- Data centres are identified as a definite growth driver for Sika.
Sika, a global specialty chemicals company, is strategically positioning itself to capitalize on growth opportunities within China's renovation market and the burgeoning global data centre sector. CEO Thomas Hasler stated that the company has adapted its business model in China to focus on renovations, particularly in saturated markets. Sika also foresees sustained growth in its automotive business. Data centres are identified as a significant growth driver, with a full pipeline in Europe and Asia. The company is also expanding its market share in U.S. traditional infrastructure projects, while noting a slump in the commercial construction sector.