Sika innovating to achieve net zero, Confirms acquisition of MBCC

Hasler confirms the strategic attractiveness of the MBCC acquisition, and revises growth expectations upward for 2022.

The motto of Sika Capital Markets Day 2022 was “Our Path to Net Zero”. Sika’s management team outlined the strategy that allows the company to maintain a high level of growth while achieving its net zero targets by 2050.

Sika CEO Thomas Hasler confirms the strategic attractiveness of the MBCC acquisition, and revises growth expectations upward for 2022.

Sustainability has been a key factor in Sika’s corporate strategy for over a decade. With its powerful capacity for innovation, Sika develops a range of sustainable solutions for the construction industry, as well as industrial applications for the automotive and other industries. The company is focused on innovating in a very targeted manner in order to achieve its net zero objectives. 

Hasler said: "To tackle climate change is of central importance even in more demanding economic environments. Our clear goal is to continue growing sustainably, and deploy new innovations to decouple our growth from greenhouse gas emissions. We intend to use groundbreaking solutions that enable our customers to reduce their CO2 emissions. As a leading innovator, we can play a key role in enabling the achievement of net zero targets in our markets, which positions Sika very well for continued growth and for the future."

Sika confirms the strategic fit of the MBCC acquisition. Unconditional approval has already been received from the authorities in most juristictions, including Japan, China, Brazil, South Africa, Saudi Arabia, Turkey, and Thailand. The acquisition is significantly value-enhancing and Sika confirms annual synergies of CHF 160–180 million. A process has been started to look for a competent buyer for part of MBCC’s admixture business.

For fiscal year 2022, Sika expects sales in local currencies to rise by over 15%, with an over-proportional increase in EBIT.