Sika is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra in India.
Developments at the new R&D laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market.
On its three new production lines, Sika mainly manufactures products for the transportation, construction, and renewable energy sectors.
The new Sika site at one of the region’s key logistics hubs is ideally located in terms of transportation infrastructure, ensuring rapid and reliable deliveries to customers.
“This latest investment in India allows us to further strengthen our position in the country’s construction and industrial sectors. By expanding our own production and R&D facilities at this site, we can develop our local expertise and generate huge benefits for our customers. Customer-specific solutions can be developed, produced, and delivered within a very short period of time. Sika is laying the foundations for our long-term expansion and development in this key market,” Morten Muschak, Corporate Target Market Manager Industry said.
Both the building industry and the automotive sector in India are benefiting from dynamic economic growth and ongoing urbanization as well as from favorable government investment policies.
India is now the world’s fifth biggest market for cars. The construction industry is expected to grow by an average of 6.5% per annum from now until 2030. Annual growth in the automotive sector in the same period should exceed 10%.