Sika establishes national subsidiary in Central America
Sika is continuing to expand its worldwide presence and is setting up a national subsidiary in the smallest Central American country – which, however, has the highest population density and over 6 million inhabitants.
The company will thus be represented by its own sales and distribution organisation in El Salvador.
Sealing & Bonding target market
José Luis Vázquez, Regional Manager Latin America: “Sika already has a strong market position in El Salvador, as we have been supplying the construction sector out of Guatemala for many years. With this new national subsidiary we can develop the market more efficiently and grow more rapidly. Our aim is to further develop Sika’s leading position, particularly in the Sealing & Bonding target market.”
Infrastructure investments as growth driver
Owing to high demand for infrastructure, the outlook for the construction industry in El Salvador is promising. According to forecasts, growth should amount to 5% in 2017. Growth drivers include infrastructure investments with a total volume of USD3 billion. Investments will focus on seaport installations, energy infrastructure and tourism. In the current year, public investments of more than USD400 million will be made in tourism projects alone.
