financetom
Business
financetom
/
Business
/
Sika targets growth from China renovation market, global data centres
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sika targets growth from China renovation market, global data centres
Jun 5, 2026 5:08 AM

June 5 (Reuters) - Sika sees growth opportunities in China's renovation market and infrastructure construction in the U.S., the Swiss construction chemicals manufacturer's CEO Thomas Hasler said in an interview with Finanz und Wirtschaft published on Friday.

-- Sika has further fragmented its business in China to adapt to the local market, which is not uniform, Hasler said.

-- Sika has re-calibrated its business model there, originally very heavily focused on new-build projects, to also focus on the renovation business, especially in already almost saturated markets such as Shanghai, Beijing and Guangzhou.

-- It sees sustained growth in its automotive business in China, despite the withdrawal of subsidies for EVs.

-- Sika sees growth opportunities in U.S. infrastructure construction, which is largely unaffected by President Donald Trump's aversion to renewables, Hasler added.

-- Sika is expanding market share in the construction of traditional infrastructure such as roads or bridges there, while seeing a slump in the commercial construction sector, where reshoring was a significant growth driver until the tariff escalation.

-- Hasler deemed data centres "a definite growth driver" as operators want the most secure buildings to avoid disruptions to operations.

-- He said the company's data centres pipeline is full as the sector is booming in Europe and Asia too.

-- Sika senses hope for improvement among its customers in markets such as Germany and France due to rising figures for building permits, despite ongoing weakness.

(Writing by Linda Pasquini; Editing by Alexander Smith)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Micron Technology Insider Sold Shares Worth $1,482,045, According to a Recent SEC Filing
Micron Technology Insider Sold Shares Worth $1,482,045, According to a Recent SEC Filing
Apr 17, 2026
03:53 AM EDT, 04/17/2026 (MT Newswires) -- Michael D Cordano, Executive Vice President, Worldwide Sales, on April 14, 2026, sold 3,407 shares in Micron Technology ( MU ) for $1,482,045. Following the Form 4 filing with the SEC, Cordano has control over a total of 44,059 common shares of the company, with 44,059 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/723125/000120149026000003/xslF345X05/primarydocument.xml ...
Silvercorp Metals Reports Higher Fiscal Q4 Revenue
Silvercorp Metals Reports Higher Fiscal Q4 Revenue
Apr 17, 2026
03:52 AM EDT, 04/17/2026 (MT Newswires) -- Silvercorp Metals ( SVM ) reported late Thursday fiscal Q4 revenue of $147.4 million, up 96% from a year earlier. Three analysts polled by FactSet expected $106.1 million. For the quarter ended March 31, silver production fell 11% year-over-year to 1.5 million ounces, while silver equivalent production decreased 17% to 1.6 million ounces,...
Marvell Technology Insider Sold Shares Worth $4,020,300, According to a Recent SEC Filing
Marvell Technology Insider Sold Shares Worth $4,020,300, According to a Recent SEC Filing
Apr 17, 2026
03:53 AM EDT, 04/17/2026 (MT Newswires) -- Willem A Meintjes, Chief Financial Officer, on April 15, 2026, sold 30,000 shares in Marvell Technology ( MRVL ) for $4,020,300. Following the Form 4 filing with the SEC, Meintjes has control over a total of 230,675 common shares of the company, with 230,675 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1835632/000162828026025578/xslF345X05/wk-form4_1776381447.xml ...
Envoy expects U.S.-Turkey to 'soon' solve issue of sanctions over S-400 defences
Envoy expects U.S.-Turkey to 'soon' solve issue of sanctions over S-400 defences
Apr 17, 2026
ANTALYA, Turkey, April 17 (Reuters) - U.S. Ambassador to Turkey Tom Barrack said on Friday he expected Washington and Ankara to soon solve the issue of U.S. sanctions over Turkey's purchase of Russian S-400 missile defences. I think you are going to see the S-400 situation solved soon. From my boss's point of view, acceptance into an F-35 programme is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved