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ISSUE #1 • 2017 WHAT'S NEW? GCC CUSTOMER MAGAZINE PROJECTS RIYADH METRO DOHA METRO BLUE WATERS INNOVATIONS SIKA FIRE PROTECTION SOLUTIONS FOR JOINTS AND PENETRATION SUSTAINABLE FUTURE GREEN STANDARDS & SUSTAINABLE STRATEGY COMPLETE WATERPROOFING, REFURBISHMENT AND FLOORING SOLUTIONS

WHAT'S NEW? - gcc.sika.com … · SBA, Sikafloor ... Bluewaters is a man-made mixed use island located o— the coast of Jumeirah Beach Residence. Ain Dubai, ... (Geo-Polymer type

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ISSUE #1 • 2017

WHAT'S NEW? GCC CUSTOMER MAGAZINE

PROJECTSRIYADH METRODOHA METROBLUE WATERS

INNOVATIONS

SIKA FIRE PROTECTION SOLUTIONS FOR JOINTS AND PENETRATION

SUSTAINABLE FUTURE

GREEN STANDARDS & SUSTAINABLE STRATEGY

COMPLETE WATERPROOFING, REFURBISHMENT AND FLOORING SOLUTIONS

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DEAR CUSTOMERIt is with the great pleasure that we present Sika’s new GCC customer magazine, What's New?. This magazine is designed to provide additional information on Sika’s development and cutting-edge technology innovations that we can o�er to our valuable customers.

In the magazine, you will read about exceptional building projects that were accomplished with Sika innovative products and technical support, but also about ambitious company developments, such as our new DIC Site in Dubai that will strengthen our production capabilities within the UAE. In this issue we will feature some exciting projects. By end of 2018, Riyadh, Saudi Arabia is expected to open the biggest urban mass-transit system metro Riyadh. The new network (currently under construction), will be comprised of six metro lines that connect 85 stations at a total length of 176 km. We are honoured to have been part of this iconic project .

Another iconic project is Le Mer. The destination will innovatively combine upscale living with distinctive retail and leisure attractions, integrated outdoor living environment and engaging beach activities. Sika have supplied a range of Sarnafil PVC membranes in adhered and ballasted systems throughout the site. Our white reflective Sarnafil PVC membranes can help reduce energy consumption by keeping buildings as cool as possible.

In every issue, the magazine will focus on a di�erent Sika product segment, such as concrete or adhesives for industrial use. We will also concentrate on a di�erent aspect of the Sika brand and show you the values that we share as a company and the principles we stand for.

As always, Sika GCC is keen to hear about what you, our customers, would like to see in the next edition, this could be new projects, product highlights or revisiting some of our previous projects to see how our solutions are standing the test of time. Please email your suggestions to [email protected].

I hope you enjoy reading our ambitions!

Dr. Miljan Gutovic

Head Of Sika Middle East

DR. MILJAN GUTOVIC HEAD OF SIKA MIDDLE EAST

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WHAT'S NEW?

5 RIYADH METRO Waterproofing, refurbishment and flooring solutions

7 DOHA METRO Concrete solutions

10 BLUE WATERS Sika solutions for largest tourist hot spot

12 INNOVATION Sika galvanic anode development

14 SUSTAINABILITY More Value - Less Impact strategy

16 SIKA CULTURE Quality of the corporate cultures shapes the quality of the future

18 ACHIEVEMENTS Worldwide recognitions

22 EVENTS Big show Oman 2017

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RIYADH METROBy the end of 2018, Riyadh, Saudi Arabia is expected to open the biggest urban mass-transit system. The new network which is currently under construction, will be comprised of six metro lines that connect 85 stations at a total length of 176 km.

The new metro system will meet the demands of the growing population while reducing tra§c congestion and improving air quality.

Sika was responsible for providing waterproofing, refurbishment and flooring solutions in the Riyadh metro network. The main materials including SikaFuko®, Sikafix®-210, Sika Waterbars, SikaGrout®-114/ 214/ 275, Sikadur®-31 SBA, Sikafloor® Purcem-20/21 and Sikafloor®-264/161.

REVOLUTIONIZING TRANSPORT IN

THE REGION

PROJECTS

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La Mer integrates minimalist and contemporary design, spread across 880000 m2 of existing

and reclaimed land. Comprising four distinct zones – the beach, a leisure and entertainment hub, North Island, and South Island – La Mer will feature commercial, leisure, residential and hospitality components. The destination will innovatively combine upscale living with distinctive retail and leisure attractions, integrated outdoor living environment and engaging beach activities. The project will also launch a range of retail and F&B concepts, some of which will mark their foray into Dubai.

Centrally located, the core value of the project is its leisure and entertainment hub that adds a whole new dimension through its o�erings that focus on water play, beach sports, in addition to

skate boarding, an outside gymnasia and youth activities.

The existing beaches are to be redeveloped in order to o�er improved high quality beach amenities to Dubai’s resident community and visitors. O�ering uninterrupted views of the Arabian Gulf and Dubai’s iconic skyline, La Mer is poised to set new global benchmarks in beach front development.

Sika have supplied a range of Sarnafil PVC membranes in adhered and ballasted systems throughout the site including Sarnafil G476-12, G410-12 L, G410-12LF, Sarnafast SBF, Sarnacol 2170, 2142 S & Sarnafil welding cord PVC. Our white reflective Sarnafil PVC membranes can help reduce energy consumption by keeping buildings as cool as possible.

LEISURE & ENTERTAINMENT HUB

SUPPLIED RANGE OF PVC MEMBRANES IN ADHERED AND BALLASTED SYSTEMS

CONCRETE SOLUTION DOHA METRO

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LEISURE & ENTERTAINMENT HUB

Developed by PORR together with the Austrian Federal Railways, this Slab Track Austria technology is a ballast-free slab trailblazing track system which meets the most stringent demands of railway construction, with an international reputation as a top class product. The system has proven to be practically maintenance-free. And has a planned life of at least 60 years.

The client specified to bond recycled rubber sheet acting as a separation and damping layer between the track slab and main concrete. To which, Sika proposed SikaMelt-9209 HT PSA hotmelt adhesive for application. SikaMelt-9209 HT is a spray applied on the concrete using a hotmelt melter. The rubber sheet is placed on the concrete slab immediately and pressed with a roller. Hotmelt adhesive was suggested over conventional contact adhesive system because of the following reasons:• Environment friendly system with no solvents or volatile content. • Fast handling time to meet the required production rate.

The project is an outcome of Sika’s wide product range, technology leadership and process know-how. For a customer, it provides an e�ective and cost e§cient solution with minimal investment; and for Sika it created a valuable reference. Qatar Rail prefered Sika because of its fast handling strength, ease in application, no EHS (Ecological, Health and Safety) concerns, technical support and overall cost e�ective solutions.

Fast handling time to meet the required production rate.

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Al Habtoor Residence - Three luxurious residential towers, situated in Al Habtoor City, comprising two 74-storey towers and one 52-storey tower, along with a 7-storey podium including a basement, a ground floor and five floors of retail and car park with over 2,000 spaces. The project will o�er 1,460 apartments and 11 penthouses with exclusive leisure facilities for residents including swimming pools, a gym and spa, shops, cafes, supermarket and clinics.

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Sika provided the contractor with structural glazing adhesive Sikasil® SG-500 CN and Sikasil® SG-18 for glass to aluminium bonding. Sikasil® IG-25 as a secondary edge seal for insulating glass. The weather sealing SikaHyflex®-305 EU was used as sealant between the panels to fill the gap; and SikaGlaze® GG-735 as a grout for balcony glass embedding. Sika's successful involvement in this landmark project is largely due to the very good relationship with the Façade contractor ALUMCO LLC, and our well established Technical Service team allowing a fast response time and our unique Middle East laboratory based in Dubai.

ONE OF A KIND INDUSTRY SOLUTION

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BLUE WATERSBluewaters is a man-made mixed use island located o� the coast of Jumeirah Beach Residence. Ain Dubai, the world’s largest observation wheel, forms the unique centrepiece of this development that is poised to become one of the world’s largest tourism hotspots.

The island will also feature distinctive retail, residential, hospitality and entertainment zones. Connected to the mainland with a direct roadway from the Sheikh Zayed Road, Bluewaters will operate a mono rail system to transport visitors to the entertainment zone from the metro station. In addition, a pedestrian bridge will link the island to the JBR beachfront. Sika has provided waterproofing, concrete, roofing, interior finishing and Industry solutions for this landmark project. Sika provided range of products and systems such as Sikaplan® WP 1100-20 HL System, SikaFuko® Eco-1 System, Sikadur Combiflex® SG System, Sika® Dilatec® Tapes, Sika® Injection range, SikaSwell® A Profiles, Sika® Waterbars Range, Sikalastic®-851 R.

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OVER 340,000 M2 OF SIKA SYSTEMS FOR BASEMENT, ROOF, PODIUMS AND DECK

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SIKA SOLUTIONS HELP TO SAVE LIVES

SIKA FIRE PROTECTION SOLUTIONS SIKA FIRE PROTECTION SOLUTIONS SIKA FIRE PROTECTION SOLUTIONS SIKA FIRE PROTECTION SOLUTIONS SIKA FIRE PROTECTION SOLUTIONS SIKA FIRE PROTECTION SOLUTIONS FOR JOINTS AND PENETRATIONFOR JOINTS AND PENETRATIONFOR JOINTS AND PENETRATIONFOR JOINTS AND PENETRATIONFOR JOINTS AND PENETRATIONFOR JOINTS AND PENETRATION

In case of fire within buildings smoke and heat will spread through penetrations and joints endangering residents and blocking escape paths. Fire protection solutions from Sika seal penetrations and joints help retain fire and smoke to where they occur for a certain time, allowing inhabitants to exit the building safely.Sika fire rated products and systems comply with the most relevant standards (EN, ETAG, UL, ASTM) in order to ensure the highest fire resistance.

DIFFERENCE BETWEEN “REACTION TO FIRE” AND “RESISTANCE TO FIRE”

A “flame retardant” product (e.g. B1 foam) is not a “fire resistance” product. There are two di�erent types of fire testing for building materials.

Reaction to fire: How does the product react to an open flame? The reaction to fire is described by the combustibility, smoke development and dripping behaviour.

Fire Resistance: How long can a product that is built into a fire protection system withstand the impact of fire. This is described by the resistance time during standardized fire tests e.g. EI 240.

For the fire resistance of a building only the combined resistance of the individual system components counts. For example, a fire resistant door together with the fire resistant sealant and wall can hinder the spreading of fire and smoke. Therefore fire resistant tests are much more important than the reaction of a product to a flame.

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SIKA GALVANIC ANODE DEVELOPMENT

Sika FerroGard® ICM Galvanic Anodes are engineered zinc anodes used for the protection of reinforcing steel in concrete. Embedded galvanic anodes are cost-e�ective corrosion control systems as they are mainly used within concrete repair where they are placed at the perimeter of the repair. They are also used at the interface of new and existing concrete in full or partial - depth repairs. These Anodes protect embedded steel reinforcements in concrete structures including bridges, buildings, multi-storey car parks, marine structures and industrial facilities.

The galvanic anodes are a well proven technology with several advantages such as reducing active corrosion. Protection from incipient anode corrosion and use in high chloride conditions. The Sika® FerroGard® ICM anodes have an advanced and innovative design concept compared to the existing anodes in the market. The Zinc grid embedded in special mortar (Geo-Polymer type cement) provides higher active surface area. Tests show the zinc mesh exerts a shielding e�ect on the deeper zinc mesh layers. Therefore zinc-mesh layers will be consecutively activated over the life of the anode assuring near constant galvanic active surface of the multilayer zinc mesh anode. Using Sika FerroGard® ICM Galvanic Anodes will help to achieve the most e�ective repair and protection strategy and ensure highest durability as well.

INNOVATIONS

MAJORITY OF TARGETS ACHIEVED

13.8 %OPERATING PROFIT IN 2016

ALLLOCAL KEY PROJECTSARE IMPLEMENTED

8 %OPERATING PROFIT IN 2016

All the new projects are assessed in accordance with Sika’s Product Development Process. All local key projects are implemented.

5% more projects per year.

MORE VALUE

LESS IMPACT

-6 %ENERGY CONSUMPTION IN 2016

-22 %+3 % IN 2016

-3 %

ACCIDENTS IN 2016

✓ ✓ ✓

✓ ✓ ✓

ECONOMIC PERFORMANCE

Our success directly benefits all the shareholder.

TARGET Operating profit (EBIT)12-14 % of net sales

SUSTAINABLE SOLUTIONS

We are leading the industry by pioneering a portfolio of sustainable products, systems and services.

TARGET

SUSTAINABLE SOLUTIONS

We build trust and create value with customers, communities and with society.

TARGET

ENERGY

We manage resources and costs carefully.

TARGET

3% less energy consumption per ton and year

WATER/WASTE

We increase water and material e§ciency.

TARGET

3% less water consumption and waste per ton and year

WATER/WASTE

Sika employees leave the workplace healthy.

TARGET

5% less accidents per year.

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SUSTAINABILITY

As part of its “More Value – Less Impact” sustainability strategy, Sika has been measuring six parameters for the last four years. In 2016, the majority of targets were met, with only waste utilization and occupational safety falling short of their goals. Measures have been initiated to bring about an improvement.

Simply

Sustainable

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SIKA SUSTAINABILITY STRATEGYSika continued to implement its 2014-2018 sustainability strategy in 2015. With the avowed aim of “enhancing utility and reducing negative impacts,” the company continued to pursue its six strategic target areas that focus on economic performance, sustainable solutions, local communities/society, energy, waste/water and safety. A recent survey of interested stakeholders revealed that these points of emphasis are the right ones and that the system of targets will remain correct in the future. Through its products, systems and solutions, Sika strives to create long-term benefits and added value for all its stakeholders and to reduce resource consumption and impacts associated with production significantly

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SUSTAINABLE PERFORMANCEGreen Building Initiatives and Certification Systems, such as LEED and BREEAM, assess the sustainable performance of building materials and also the performance of the whole building (e.g., energy e§ciency). Such initiatives are of growing importance and will consequently influence the market demands for construction products. Listed here are some of the most relevant Green Building Initiatives. Sika is actively participating in these initiatives and programs.

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THE QUALITY OF THE CORPORATE CULTURE SHAPES THE QUALITY OF THE FUTURESika’s success is based on the expertise and entrepreneurial spirit of its employees. Decisions and responsibilities are delegated to the appropriate level of competence. Large numbers of employees describe the team atmosphere at Sika as open, friendly, and straightforward, and refer to it as the Sika Spirit. The company’s strong growth derives directly from a dynamic corporate culture that is geared to knowledge transfer. Top priority is given to Sika’s values, principles and leadership culture, training and professional development, talent management, diversity, and use of new media.

VALUES AS THE FOUNDATIONCustomer First, Courage for Innovation, Sustainability & Integrity, Empowerment & Respect, and Manage for Results – these are the defining elements of the corporation. These values and principles provide a point of reference for the entire global workforce and are firmly enshrined in all Sika companies. Thus the Group’s culture of trust, transparency and openness has a firm global foundation.

EMPLOYEES WORLDWIDEThe number of employees rose 0.8% during the year under review to 17,419. Regional distribution is as follows: EMEA : 9,083, North America: 1,818, Latin America: 2,349, Asia/Pacific: 4,169. The age structure at Sika is broadly balanced: 15% of employees are under 30 years of age and 23% over 50. Over 95% of employees have permanent employment contracts. Together, the workforce generated a net added value of CHF 1,935 million in 2016 This corresponds to net added value per employee of CHF 112,000.

RESPONSIBILITY FOR THE FUTURESika gives preference to internal candidates for specialist and management appointments. For example, since four years Sika’s senior management roles have almost all been filled internally. The long-term nature of employees’ career prospects is one reason why the labor turnover rate is just 6.2% Global and regional sta� development programs not only convey know-how and skills, but also motivate employees by inspiring a strong sense of identity, which essentially reflects Sika’s corporate values and principles.

Sika is proud to have a large number of long-serving employees. It sets great store by people who stay with the company and share their know-how and experience for as long as possible. Sika regards internal and external training courses as key development tools for its more than 17,000 employees. The range of courses on o�er also includes more extensive training

programs, some of which are organized through partnerships with universities and scientific institutes. In the year under review, Sika spent approximately CHF 9.9 million on sta� development. The aim is to provide at least ten hours training per year for each employee. In 2016, this figurestood at 12.4 hours.

LEARNING FOR LONG-TERM SUCCESSThe Sika Business School o�ers programs in the areas of management development and talent development. In the year under review, the school ran 12 courses for junior managers. Sika continued its partnership with the International Institute for Management Development (IMD) in Lausanne, Switzerland. Among other things, over 100 managers took part in a training course on leadership and strategy. The Sika Business School lays particular emphasis on the area of sales and marketing, o�ering numerous courses to develop the sales force. Furthermore, many training courses on Sika products and their applications take place at local and regional level. The company’s expertise in advising customers is thus fostered worldwide. In the reporting year, various online and o¹ine o�erings plus a new, purposedesigned e-learning software application were launched as part of the overarching SikaLearn concept.

NEW FORMS OF COMMUNICATIONDuring the reporting year, the new “SikaWorld” digital communication and collaboration portal was launched in over 50 countries. This so-called “social intranet” serves as a combined forum for information, communication and collaboration. In tandem with the “SikaConnect” internal social media platform, it helps to ensure that information is turned into practical knowledge. The Group is also present on external social networks such as LinkedIn, where Sika had 45,000 followers in 2016. Both internal and external digital media play a key role in shaping Sika’s corporate culture. This not only covers recruitment and training, but also extends to everyday communication, whether at the workplace or o�-site.

SIKA CULTURE

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VALUES AND PRINCIPLESCustomer First, Courage for Innovation, Sustainability & Integrity, Empowerment & Respect, and Manage for Results – these are the defining elements of our company.

MANAGEMENT COMPETENCEThose who wish to lead must set an example. Sika both supports and challenges its managers at all levels. Longterm career prospects lead to low labor turnover rates.

TRAINING AND DEVELOPMENTIn 2016, Sika invested CHF 9.9 million in sta� development. Company employees spent a total 216,220 hours attending training and development courses.

TALENT MANAGEMENTThe leadership program is directed at talented company employees at global and regional level. Over 250 people were taking part in the development program in 2016.

DIVERSITYPeople of di�erent origins bring new perspectives. At Sika, the assimilation of di�erent ways of thinking and living serves to unlock new potential.

DIGITAL MEDIAThe company’s extraordinary growth is additionally supported by media such as the social intranet, online learning programs and guidance apps.

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WORLDWIDE RECOGNITIONFOR OUR ACHIEVEMENTSOur employees did a great job in 2016 – their competence and commitment have not only brought us another record result, but also allowed us to achieve many di�erent awards. These awards show third party recognition for the excellent work of our teams all around the world. This section highlights some of the approximately 50 awards won by Sika this year.

MESH MOULD INNOVATION RECEIVES SWISS TECHNOLOGY AWARD

With Sika as its industrial partner, researchers at ETH Zurich won the “Inventors” category of the Swiss Technology Award 2016 at the Swiss Innovation Forum in Basel. Developed in collaboration with Sika experts, “Mesh Mould” technology makes it possible to produce concrete elements of any shape without using formwork. This heralds the dawn of a digital future in the construction industry.

SIKA WEBSITE LEADS THE WAY IN SWITZERLAND

Following its third place last year, Sika is now front-runnerin the 2016–2017 rankings of all websites of listed companiesin Switzerland, and was awarded the first prize.Sika has also improved in European terms and now lies in12th place out of the almost 500 websites that have beenanalyzed. The Web rankings were compiled for the 20thtime by Comprend and Lundquist in Milan, and are seenas a benchmark in digital communication.

ACHIEVEMENTS

DUBAI CENTRAL LABORATORY CERTIFICATION

Sika is the only certified sealant and adhesive firm in Dubai at Dubai Central Labaratory.

PRODUCT CONFORMITY CERTIFICATE

Attested by Dubai Central Labaratory of Dubai Muncipality, Sika has recieved a product conformity certificate on low emitting materials (Coatings & Adhesives).

SIKA SARNAFIL® RECOGNIZED FOR ITS TREMENDOUSCONTRIBUTION TO SKILLS TRAINING

Sika Sarnafil® was again recognized as the national training base for high- polymer membranes in the roofing and waterproofing industry in China. The award comes from the China National Vocational Skills Assessment 040 Station and has been received by Sika Sarnafil® for the third consecutive year. This means that the training base is a China National Government accredited vocational skills center for roofing and waterproofing. Training sessions at Sika Sarnafil® focus on both the theory and hands-on applications for high-polymer single-ply membranes and systems. As a technological pioneer and international player in the Chinese market, Sika Sarnafil® is also the first and only international company to receive the title in China.

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SIKA UK WINS AT THE UKROOFING AW ARDS IN THE SINGLE PLY CATEGORY

With truly stunning results, Sika Sarnafil®’s residential Project in London “Ewart Grove” impressed the judges of the prestigious UK Roofing Awards 2016, hosted by the NFRC (National Federation of Roofing Contractors). The project won in the Single Ply category due to its extremely intricate design – including two barrel roofs and a large, unique triangulated tower at the front – which presented a real challenge. Sika took roof installation to new frontiers and pushed the boundaries of what can be achieved with single-ply roofing.

SIKA WINS EUROPEANAUTOMOTIVE AWARD

Frost & Sullivan recognized Sika with the European BIWAutomotive Adhesives Product Leadership Award. OEMs’ use of lightweight materials in the BIW (body in white applications) segment presents growth opportunities for adhesives in vehicle manufacturing. To capture these opportunities, Sika Automotive focuses on innovative adhesives which allow a mix of materials to achieve weight reduction and at the same time an increase of the sti�ness of the car bodies. SikaPower® and SikaSeal® are for Frost & Sullivan Research the most e§cient BIW adhesives in the market. The award ceremony took place in summer 2016 in London.

SIKACERAM® SETS STANDARDS IN CHINA

Sika has received two awards under “Mortars of China 2016,” organized by the China Building Material Market Association. SikaCeram® was honored as leading brand and SikaCeram® Wide-application – a product available in China – was recognized as one of the most innovative cementitious tile adhesive products. The Chinese tile adhesive market has maintained high double-digit growth rates during recent years, which has helped SikaCeram® to become widely recognized as a progressive tiling system in this region.

SIKA GETS THE VOTE FROM BRAZILIAN BUILDING MATERIAL MERCHANTS

In 2016, Sika Brazil won the National Association of Building Material Merchants Anamaco Award for its waterproofing and bitumen membranes. This is a significant prize because it is voted for by the experts selling Sika’s products, namely more than 1,600 construction material dealers in Brazil. When surveyed on the best companies, Brazil’s dealers put Sika on top. The awards ceremony took place in São Paulo and brought together 2,000 people from the industry including distributors, industry entrepreneurs and leading construction authorities

AMATA BEST WASTE MANAGEMENT AWARD FOR SIKA FACTORY IN THAILAND

More value, less impact is a key priority for Sika, and theteam in Thailand made a big contribution towards achieving that goal when they won the Amata Best Waste Management Award 2016 for the Sika factory on the Amata Nakorn Industrial Estate. Sika was one of the factories to take home the Gold Award. The award recognizes factories that have the best waste e§ciency management, with a main focus on reduce, reuse and recycle. Companies must also meet or exceed Thailand’s waste regulation requirements.

FOUR AWARDS FOR SIKAPROJECTS IN THE US

Sika can once again look back on a successful year with four awards from the prestigious International Concrete Repair Institute (ICRI). The ICRI recognizes outstanding concrete refurbishment projects. The renovation of the historic Hibernia Bank building in San Francisco was chosen as project of the year. Earthquake resistance and reinforcing the building structure played a decisive role in the project. Extensive preliminary structural testing and the way in which the historic building’s features were maintained won over the jury. Sika supported the project with its technical expertise and products.

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GROWTH STRATEGYCONFIRMED –TARGETS RAISED

STRATEGY IMPLEMENTATION SINCE 2012

MARKET PENETRATION

INNOVATION

EMERGING MARKETS

ACQUISITIONS

VALUES

- Successful Target Market concept- Megatrends driving growth

- 370 new patents filed- 20 Global Technology Centers

- 51 new plants opened- 20 new national subsidiaries

- 21 acquisitions in all regions- CHF 671 million sales added.

- Strong corporate culture- High employee loyalty

STRATEGY

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The Sika Growth Model is synonymous with long-term success and profitable growth. By focusing on market penetration, innovation, emerging markets, and acquisitions, and driven by its strong corporate values, Sika is growing successfully. Since the targets of Strategy 2018 had been achieved two years early, Sika’s strategic goals were reviewed in the second half of 2016 in conjunction with senior managers worldwide. This review resulted in a confirmation of the growth model and a raising of the strategic targets.Sika is now aiming for an EBIT margin of 14–16% (previously 12–14%) and an operating free cash flow greater than 10% (previously over 8%). The aim is to achieve a return on capital employed in excess of 25%. By 2020, 30 new factories are to be commissioned and 8 new national subsidiaries established. The annual sales growth target remains at 6–8%. Sika intends to increase EBIT to more than CHF 1 billion by 2020.

STRATEGIC TARGETS 2020

MARKET PENETRATION

INNOVATION

EMERGING MARKETS

ACQUISITIONS

VALUES

6 -8 % annual growth

30 new plants

105 national subsidiaries

14–16 % EBIT margin per year

>10% operating free cash flow per year

>25% RO CE per year

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BIG SHOW OMAN 2017

Sika exhibited extensive range of products in The Big Show Oman (Builders International Gathering). It is an annual international exhibition that caters to the building and construction industry in Oman, the Middle East and global markets.

EVENTS

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QUALITY ASSURANCE FOR SUSTAINABLE CONSTRUCTION MATERIALS CONFERENCE & WORKSHOP

Under the Patronage of the Dubai Municipality and the Dubai Central Laboratory (DCL), the 4th Annual Quality Assurance for Sustainable Construction Materials Conference & Workshop was held at the Jumeirah Emirates Towers Hotel, Dubai. Sika UAE was the gold sponsor for the event. The conference focused on the role of quality building materials in achieving higher standards for sustainability and safety in buildings and infrastructure. The conference featured technical lectures by presenters from the Middle East, Europe and the US and international industry experts from the GCC, USA, Asia and Europe. Mark Schneider, Head of Global Product Sustainability Sika Switzerland presented on Sika's sustainable solutions and green building programs used globally and in gulf region.

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SIKA FULL RANGE SOLUTIONS FOR CONSTRUCTION:

FOR SIKA GCC INFORMATION:

WHO WE ARESika is a globally active specialty chemicals company supplying the building and construction industry, as well as manufacturing industries. Sika is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting loadbearing structures. Sika’s product lines feature high quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems.

Our most current General Sales Conditions shall apply. Please consult the Data Sheet prior to any use and processing.

Sika Saudi Arabia Co. LtdP.O. Box 58647, Riyadh 11583Kingdom of Saudi ArabiaT: +966 11 2176532 F: +966 11 [email protected]

Sika UAE LLCP.O. Box 126212Dubai, UAET: +971 4 439 8200F: +971 4 439 [email protected]

Sika International Chemicals LLCP.O. Box 55172Abu Dhabi, UAET: +971 2 643 0364F: +971 2 676 [email protected]

Sika Gulf B.S.C.P.O. Box 15776Adliya, BahrainT: +973 17 738 188F: +971 17 732 [email protected]

Sika Qatar LLCP.O.Box 201847Doha, QatarT: +974 40163366F: +974 [email protected]

gcc.sika.com

Sika Kuwait for Construction Materials & Paints W.L.LState of KuwaitT: +965 2228 2296F: +965 2228 [email protected]

Sika OmanP.O.Box 1067, Postal Code 130 Azaiba Muscat, Sultanate of OmanT: +968 2412 4826F: +968 2412 [email protected]