Honduras. Sika announced that it is laying the groundwork for further growth in Central America by establishing a national subsidiary in Honduras. Several major projects are in the planning or implementation stages, according to the company.
"The new national subsidiary will allow us to optimize the way we buy and import products from the Sika network and continue to efficiently develop the market by offering competitive prices and greater customer proximity," said Christoph Ganz, regional manager for the Americas. "Sika is already number one in Latin America and the new subsidiary in Honduras will consolidate this position."
Honduras is the second largest country in Central America, with a population of over 9 million. Medium-term forecasts predict annual economic growth of more than four percent. The country is investing heavily in its booming textile sector, tourism and infrastructure projects such as highways, a new airport near its capital and new port facilities for container transshipment at Puerto Cortez on the north coast.
