Wedoany.com Report-Apr. 7, Sika AG, based in Baar, Switzerland, has unveiled a new mortar production plant in Quito, Ecuador. This strategic move underscores Sika's commitment to expanding its market presence in the region, particularly as Ecuador's construction sector is experiencing a recovery. The new plant, alongside the existing facility in southern Ecuador, aims to optimize the company's supply chain, reduce transportation costs, and lower carbon emissions through shorter routes.

Sika's investments extend beyond Quito, with plants established in Peru and Bolivia, further solidifying its footprint in South America. The company's acquisition of Parex in 2019 has bolstered its offering in tile adhesives, positioning it as a leading provider in Ecuador. CEO Mike Campion emphasizes the significance of this expansion, stating that it aligns with Ecuador's growing construction needs and highlights Sika's readiness to supply high-quality solutions across the country.

Ecuador's construction industry, which has been in a three-year downturn, is poised for recovery, with an anticipated annual growth rate of 4.3% through 2028. This growth is driven by investments in mining, transportation, electricity infrastructure, and residential construction. Sika's strategic expansion in Quito is part of a broader plan to capitalize on this recovery, ensuring continued growth and innovation in the region.