Sika Targets Growth in China Renovation and Data Centers as U.S. Infrastructure Expands
Updated
Updated · Reuters · Jun 5
Sika Targets Growth in China Renovation and Data Centers as U.S. Infrastructure Expands
3 articles · Updated · Reuters · Jun 5
Summary
Sika said it is repositioning for growth in China’s renovation market, shifting beyond its earlier heavy reliance on new-build projects in cities such as Shanghai, Beijing and Guangzhou.
CEO Thomas Hasler said the Swiss construction chemicals maker has fragmented its China business and recalibrated its model to fit uneven local demand, while still expecting sustained automotive growth despite EV subsidy cuts.
In the United States, Sika sees roads and bridges as a key opportunity and said that business is largely insulated from President Donald Trump’s hostility to renewables, even as commercial construction has slumped after tariff escalation.
Data centres are another major driver, Hasler said, with Sika’s pipeline full as operators in Europe and Asia seek highly secure buildings to avoid operational disruptions.
The company also sees tentative improvement in Germany and France, where rising building-permit figures are lifting customer hopes despite broader market weakness.