Sika expands polyurethane production in South Korea with plant purchase

URETHANES TECHNOLOGY INTERNATIONAL

Published: April 16, 2014 9:52 am ET
Updated: April 16, 2014 9:55 am ET

Related to this story

Topics Construction, Europe, Asia

Switzerland-based Sika AG has bought  a factory in Gunsan, South Korea, to strengthen its locally produced polyurethane  flooring and coating range, the firm said in a statement.

The facility makes and distributes flooring and coating products, said Sika of Baar, Switzerland. It has a workforce of 28, the firm added.

Sika said it will use the distribution channels of the acquired factory to sell its existing product range, expand its network of outlets and enhance their offering with its existing products.

Heinz Gisel, regional manager Asia/Pacific said: “The capacity and product range expansion in Korea is an important step for Sika in this promising market.”

No price was disclosed for the deal.


Comments

Sika expands polyurethane production in South Korea with plant purchase

URETHANES TECHNOLOGY INTERNATIONAL

Published: April 16, 2014 9:52 am ET
Updated: April 16, 2014 9:55 am ET

Post Your Comments


Back to story


More stories

Image

Arburg inks training pact with Taiwan's Ming Chi University

October 31, 2014 2:24 pm ET

German injection molding press maker Arburg GmbH + Co. KG announced this week that it has inked a cooperative deal with Taiwan's Ming Chi University...    More

Image

Corbion Puriac considering PLA plant in Thailand, if customers commit

October 31, 2014 11:52 am ET

Biofeedstocks supplier Corbion Puriac will build a polylactic acid (PLA) plant in Thailand if it receives a sales commitment from customers.    More

Image

Five-axis flexibility paying off for Sepro and its customers

October 29, 2014 1:47 pm ET

French robot maker Sepro Robotique expects to generate 78 million euros ($99 million) in 2014 sales — 17 percent more than 2013 — as...    More

Image

Schütz investing $20 million for bulk container production in Missouri

October 29, 2014 11:18 am ET

German packaging company Schütz GmbH & Co. KGaA is expanding its presence in the United States through a $20 million project in Missouri slated to...    More

Image

Teknor Apex expands production of recycled nylon to Europe

October 29, 2014 10:12 am ET

Materials firm Teknor Apex Co. is making its recycled nylon compounds available in Europe for the first time.    More

Market Reports

Pipe, Profile & Tubing Extrusion Market Trends

This report provides in-depth analysis of current trends, statistics and innovations in product design and production impacting the PP&T industry in North America.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events