Sika eyes Gulf expansion with Qatar-based GAF acquisition

Gulf Additive Factory LLC (GAF) is renowned for its high-quality solutions and profound technical expertise. An extensive product range, including concrete admixtures, mortars, flooring, waterproofing and facade systems (EIFS: Exterior Insulation and Finish System) is manufactured in a strategically well-located production facility close to Doha.

GAF’s large, modern manufacturing site will provide Sika with the opportunity to expand and drive growth in Qatar and the neighboring countries. The combination of Sika’s existing product portfolio and locally produced additions, such as the EIFS system, perfectly positions Sika to benefit from the increased demand for energy efficient “cool houses”. Furthermore, the possibility to consolidate its operations to one site will generate important cost efficiencies.

The construction market in Qatar is expected to grow at a CAGR of over 4% until 2028. Growth will be driven by large investments in the energy and utilities sector as well as major projects in transportation, healthcare, tourism, and industrial manufacturing. The positive outlook is supported by Qatar National Vision 2030 with the key goal to diversify the economy while focusing on social and environmental development.

"With this acquisition, we will strengthen our local expertise and production setup. It will provide us with a strong foundation to continue to drive our growth and benefit from the ambitious investment programs in both the infrastructure and commercial construction segments. We warmly welcome the GAF employees to the Sika team and look forward to growing our business together." Christoph Ganz, Regional Manager EMEA.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

ALCHEMPro News Desk (RM)