Displaying items by tag: construction chemicals

US: Chemicals company Cortec has recommended its MCI Technology range of admixtures, surface treatments and speciality solutions for reinforced concrete structures. The products contain amine carboxylates, which migrate through concrete to form a protective layer on steel reinforcements. Cortec says that the product is suited to use in vulnerable desalination plant components such as concrete piping and brine discharge chests. Product include USDA-certified bio-based MCI-2005, which meets ANSI/NSF Standard 61 for drinking water system components.

Dominican Republic: Sika has acquired concrete admixtures, fibres, adhesives and sealants producer Vinaldom. Nasdaq News has reported that the deal brings Sika into possession of its first plant in the Dominican Republic and its sixth in the Caribbean. The group says that the integration of Vinaldom offers ‘significant’ cross-selling opportunities.

Americas regional manager Mike Campion said "With Vinaldom, we will be able to serve and supply our customers in the Dominican Republic even better. The increased access to a broader customer base, supported by local manufacturing, will contribute to further expansion in the Dominican market. We warmly welcome the Vinaldom employees to the Sika team and look forward to growing our business together.”

Switzerland: Chemicals producer Sika reported sales of €6.08bn in the first half of 2024, up by 9% year-on-year. The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 24% to €920m. During the reporting period, the company successfully integrated Germany-based MBCC. It also acquired US-based Kwik Bond and opened new production facilities in Peru and China. The company confirmed its Strategy 2028 targets for sustainable, profitable growth.

Sika CEO Thomas Hasler said "With our good operating result in the first half of 2024, we have shown that we are in an excellent position to gain market share even in challenging markets. Furthermore, our emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science-Based Targets Initiative (SBTi). This important achievement underscores Sika's commitment to sustainability and its proactive role in decarbonising the construction and automotive industries."

For the full year 2024, Sika forecast 6 – 9% sales growth in local currencies and an over-proportional increase in EBITDA.

Canada: US-based Arclin has concluded a deal to acquire fellow construction polymers producer RG Dispersants from CPS Performance Materials. RG Dispersants employs 150 people across its operations, with plants in Candiac, Quebec, and Cedartown, US.

Arclin president and CEO Bradley Bolduc said "The addition of RG Dispersants will add applications such as wallboard, speciality concrete and speciality rubber/tyre production."

UAE: France-based Saint-Gobain has entered a definitive agreement to acquire construction chemicals producer Fosroc for US$1.03bn. Fosroc produces concrete admixtures, sealants and waterproofing products. It operates 20 plants and employs 3000 people, with a strong presence in Asia-Pacific and the Middle East. Completion of the deal is expected by 30 June 2025.

Saint-Gobain chair and CEO Benoit Bazin said "The acquisition of Fosroc is perfectly aligned with our Grow & Impact strategic plan: it is a unique opportunity for Saint-Gobain to further reinforce its worldwide presence in construction chemicals, and to strengthen its presence in high-growth emerging markets, in particular in India and the Middle East. I am very impressed with Fosroc's leadership, its strategy and its impressive development, as well as the team's track record of excellent execution and profitable growth. The combination of the two groups will allow us to expand our profitable growth platform in construction chemicals. I am looking forward to warmly welcoming the Fosroc teams into the group and I am very confident about the combination of our joint forces."

Fosroc CEO Rob Bonnici said "The opportunity to join Saint-Gobain, worldwide leader in light and sustainable construction and a global player in construction chemicals is the perfect next step to enhance our offer by leveraging Saint-Gobain's innovation and technology in construction chemicals. I look forward to continuing our growth journey within Saint-Gobain."

Ireland/UK: UK-based construction chemicals company Oscrete has raised its stake in its Northern Ireland-based distributor, Adcrete, to 90%. The group says that this will enlarge its customer base across Ireland in line with its 2024 strategic growth plan.

Director Scott Wilson said “The strengthened Oscrete business model and presence in Ireland will ensure the team has the infrastructure and the expertise to become the leading supplier of concrete admixtures and additives in the country.” He added “Our growth and turnover in Ireland has increased by 200% in the last four years and this growth serves to support the wider business operations.”