El Salvador. Sika announced that it continues to expand its presence in Central America by establishing its 99th national subsidiary in El Salvador. The company said it will be represented by its own sales and distribution organization in Central America's smallest but most densely populated country.
"Sika already has a solid market position in El Salvador, as we have been supplying the construction sector to Guatemala for many years," said José Luis Vázquez, regional manager for Latin America. "With this new national subsidiary we will be able to develop the market more efficiently and grow more quickly, with the aim of further developing Sika's leading position, especially in the target market of Sealing & Bonding."
Due to the high demand for infrastructure, the prospects for the construction industry in El Salvador are promising, for Sika. Growth is forecast to reach 5 percent in 2017. Growth drivers include infrastructure investments with a total volume of $3 billion, Sika said. The investments will focus on port facilities, energy infrastructure and tourism, according to the company. This year, public investments of more than US$400 million will be made in tourism projects alone.
