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Sika AG (SKFOF)

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328.00-1.00 (-0.30%)
At close: 3:47PM EDT
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Previous close329.00
Open328.00
Bid0.00 x 0
Ask0.00 x 0
Day's range328.00 - 328.00
52-week range177.00 - 335.00
Volume4
Avg. volume145
Market cap46.595B
Beta (5Y monthly)0.65
PE ratio (TTM)56.23
EPS (TTM)5.83
Earnings dateN/A
Forward dividend & yield2.73 (0.83%)
Ex-dividend date22 Apr 2021
1y target estN/A
  • SIKA DEVELOPS LOW CO2 EMISSION ADMIXTURE PRODUCT RANGE
    GlobeNewswire

    SIKA DEVELOPS LOW CO2 EMISSION ADMIXTURE PRODUCT RANGE

    SIKA DEVELOPS LOW CO2 EMISSION ADMIXTURE PRODUCT RANGE Sika reinforces its leading position as an enabler of sustainable construction. In cooperation with leading key players, Sika is working on the development of concrete admixtures implementing the LC3 technology that lowers CO2 emissions, developed by the Swiss Federal Institute of Technology Lausanne. This new technology aims to facilitate the production of performant and sustainable cement with less clinker. Concrete is the most commonly used construction material in the world. The key ingredient of concrete is cement, whose production accounts for 6–8% of global CO2 emissions. As a technology leader in its industry, Sika focusses its R&D activities on the development of more sustainable, user friendly and at the same time better-performing product solutions. With its concrete admixtures, Sika enables to incorporate calcined clay in concrete, and to reduce the carbon footprint. LC3 – A PARADIGM SHIFT IN THE CONSTRUCTION INDUSTRYWith the LC3 project, the Swiss Federal Institute of Technology Lausanne, together with key players in the construction materials industry, targets to reduce the CO2 footprint of cement by switching to a novel supplementary cementitious material, that has the ability to replace up to 50% of clinker in cement. The new technology will play a significant and growing role in the concrete industry and represents a great opportunity for Sika to enable the construction sector to adopt this technology rapidly and effectively. Sika will provide solutions for concrete production and mortar products. SIKA SOLUTIONS PROMOTE LC3 TECHNOLOGYSika is prepared for a full scale product testing with interested customers. The future Sika product portfolio will include cement additives and concrete admixtures enabling customers to adapt their materials and mix designs to the new characteristics of LC3. Water consumption, workability, hardening and durability of concrete will be maintained as compared to conventional products. Frank Höfflin, Chief Technology Officer: “With these new LC3 admixtures we are walking the talk of our sustainability strategy. Our aim is to act as an enabler of sustainability in the construction industry and develop more environmentally friendly and better-performing products. We are committed to maximizing the long-term benefits for our customers and other stakeholders, reducing resource consumption and the construction industry’s environmental impact. LC3 based binders have a huge potential, and with our dedicated team we are bundling our R&D and technical expertise to help support and promote the widespread use of this exciting LC3 technology.” CONTACT Dominik Slappnig Corporate Communications & Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com SIKA CORPORATE PROFILESika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and automotive industry. Sika has subsidiaries in 100 countries around the world and manufactures in over 300 factories. Its 25,000 employees generated annual sales of CHF 7.88 billion in 2020. ABOUT LC3LC3 stands for Limestone Calcined Clay Cement. Clinker contributes to high CO2 emissions during cement production. Therefore, part of the clinker is now substituted by a blend of calcined clay, limestone and gypsum. LC3 thus reduces clinker consumption, and hence CO2 emmissions, compared to regular cements. The calcination of the new added clay requires lower burning temperatures than in clinker production, and the fact that the limestone is not calcined also greatly reduces CO2 emissions during production. The media release can be downloaded from the following link:Media Release

  • SIKA ACQUIRES LEADING ADHESIVES AND SEALANTS BUSINESS IN JAPAN
    GlobeNewswire

    SIKA ACQUIRES LEADING ADHESIVES AND SEALANTS BUSINESS IN JAPAN

    SIKA ACQUIRES LEADING ADHESIVES AND SEALANTS BUSINESS IN JAPAN Sika has agreed to acquire Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. Hamatite is a market leader in Japan, offering adhesives and sealants to the automotive and construction industries. The acquisition will significantly strengthen Sika’s market position in Japan, increase market access to all major Japanese OEMs, and notably extend the product offering for sealing and bonding applications in the Japanese construction industry. Headquartered in Tokyo, the business generates annual sales of CHF 160 million. The transaction is subject to clearance by anti-trust authorities. Hamatite is a highly recognized, trusted supplier with a strong, reputable brand, holding a leading position in the Japanese automotive and construction industry. With its high-quality products and nationwide sales network, it has built up long-lasting relationships with both Japanese automotive OEMs as well as customers in the construction sector and is seen as a reliable, long-term business partner. The product portfolio comprises various technologies such as polyurethanes, hot melts, and modified silicones. The well established Hamatite brand is the preferred solution among the Japanese OEMs for glass bonding as well as for hot melt applications. The main application area in the construction industry is sealing and bonding solutions for exterior facades. Hamatite operates five plants, the main site being in Hiratsuka, Japan. Additional manufacturing facilities are located in Japan, China, Thailand, and in the USA. By acquiring Hamatite, Sika’s automotive business will immediately benefit from increased market access to all major Japanese OEMs, significantly increasing content per vehicle (CHF sales/vehicle) with these customers globally. Besides ensuring a seamless business transfer to all valued customers globally, Sika expects to further expand its relationship with and widen its offering for global Japanese car manufacturers when operating in other countries. The combined business will offer an extensive global production footprint, thus delivering long-term supply chain advantages to all automotive OEMs. In construction, the acquisition will allow Sika to gain market share and become a strong player in the Japanese market. Furthermore, it will extend Sika’s range of adhesives and sealants that meet the high Japanese building standards. The widened range of complementary products and expanded customer network will provide the combined business with significant cross-selling opportunities. The strengthened production footprint in Japan will enable the organization to reliably serve the enlarged customer base. Paul Schuler, CEO of Sika: “The acquisition fits perfectly with our Growth Strategy. Hamatite brings leading technology, know-how, and skilled people that will accelerate Sika’s market penetration in the automotive and construction industries. The global manufacturing footprint will increase our ability to serve our automotive customers worldwide – both at a global and a local level. We warmly welcome the successful team from Hamatite into the Sika family and are excited to work together in the future.” Mike Campion, Regional Manager Asia/Pacific Sika: “With Hamatite we will significantly expand our network of talented sales people and customer relationships in the Japanese market. Together we will provide our customers with an extensive range of high-quality products and first-class service. In combining our businesses, Sika will pay close attention to the Hamatite corporate culture and respect Japanese business practices. We are looking forward to the Hamatite employees joining our team and to developing our joint cross-selling potential.” Masataka Yamaishi, President, Chairman of the Board of Yokohama Rubber Co., Ltd.: “I am convinced that Hamatite can foster future business expansion under one of the world’s largest specialty chemical companies, Sika. Yokohama will steadily implement our New Medium-Term Business Plan “Yokohama Transformation 2023” announced on February 19, 2021 by further deepening our existing core businesses.”CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 21slappnig.dominik@ch.sika.com SIKA CORPORATE PROFILESika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 100 countries around the world and manufactures in over 300 factories. Its 25,000 employees generated annual sales of CHF 7.88 billion in 2020. The media release can be downloaded from the following link:Media Release

  • ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS’ PROPOSALS
    GlobeNewswire

    ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS’ PROPOSALS

    ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS’ PROPOSALS At the 53rd Annual General Meeting of Sika AG on April 20, 2021, all proposals of the Board of Directors were approved. The Annual General Meeting of Sika AG was held on April 20, 2021, in Zurich. In accordance with the Federal Council’s Ordinance to combat coronavirus, it was once again not possible for shareholders to attend the Annual General Meeting in person. Instead, they were able to cast their vote through the independent proxy. Sika also gave shareholders the opportunity to ask questions verbally during the Annual General Meeting via an online platform. The shareholders approved the annual financial statements and the consolidated financial statements for the business year 2020. Furthermore, the shareholders voted in favor of the Board of Directors’ proposal to pay out a gross dividend of CHF 2.50 per share for the business year 2020.The administrative bodies were granted discharge.With the exception of Frits van Dijk, who was not standing for re-election, all previous members of the Board of Directors as well as its Chairman Paul J. Hälg were re-elected by the shareholders for another one-year term in office. Paul Schuler was elected as a new member of the Board of Directors, for a one-year term.Daniel J. Sauter, Justin M. Howell, and Thierry F. J. Vanlancker were elected to the Nomination and Compensation Committee. The auditors, Ernst & Young AG, were re-elected. Jost Windlin was re-elected as independent proxy.In a non-binding consultative vote, the Annual General Meeting approved the compensation report for 2020. The Annual General Meeting further approved the Board’s and the Group Management’s future compensation. CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 21slappnig.dominik@ch.sika.com SIKA CORPORATE PROFILESika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and automotive industry. Sika has subsidiaries in 100 countries around the world and manufactures in over 300 factories. Its 25,000 employees generated annual sales of CHF 7.88 billion in 2020. The media release can be downloaded from the following link: Media Release