Sika Establishes National Subsidiary in Honduras

Sika AG has established a new national subsidiary in Honduras, laying foundation for further growth in Central America. With the new subsidiary, customers will benefit from faster supply of Sika products and solutions as well as an expanding product range.

The establishment of the 101-national subsidiary represents an important milestone in the successful implementation of Sika’s growth strategy. The company recently established its 100th national subsidiary in Bangladesh.

The new national subsidiary will enable Sika to broaden its range of solutions for the private and commercial construction sectors in Honduras and expand its position in the fast-growing market. Both segments are growing rapidly and several major projects are at the planning or implementation stages.

Honduras is the second-largest country in Central America, with a population of more than 9 million. Medium-term forecasts predict annual economic growth in excess of 4 percent. The country is investing heavily in its booming textiles sector, tourism, and infrastructure projects such as freeways, a new airport near its capital and new port facilities for container transhipment at Puerto Cortez on the north coast.

“The new national subsidiary will enable us to optimize the way we procure and import products from the Sika network and continue to efficiently develop the market by providing competitive prices and greater customer proximity. Sika is already number one in Latin America and the new subsidiary in Honduras will consolidate this position,” added Christoph Ganz, Regional Manager Americas.