New paper outlines steps to accelerate sector’s progress toward a zero-carbon future by reducing the GHG emissions from low to almost negligible.

Sika, one of the global companies has confirmed its strategic targets for 2023 at the Sika Capital Markets Day 2021. Members of Group Management and Sika experts show the pioneering Sika concrete recycling process at a test facility in Zurich under the motto “Sika as Enabler for a Sustainable Construction Industry.” The innovative reCO2ver concept is a gamechanger in concrete recycling, with the potential to make a significant contribution to a more sustainable and circular economy. Sika also demonstrates how to accelerate the building industry’s decarbonisation and how innovations might meet tomorrow’s difficulties. 

“Our company has great potential for further growth and long-term success – a global leading position with a market share of around 10 percent, megatrends driving our key markets and unprecedented needs for sustainable solutions to fulfil demanding global carbon footprint targets. All these elements are in our favour and Sika will play a decisive role as an enabler of these changes for our customers” said Thomas Hasler, Chief Executive Officer, Zika. 

During the Capital Markets Day 2021, information is being shared about innovations, technologies, and market developments. In breakout sessions Group Management and Sika experts focus on the novel, ground-breaking recycling process for demolished concrete under the Sika brand name “reCO2ver”, on further initiatives under the Sika Enabler concept that drive the decarbonisation of the construction industry, on the innovations that meet the challenges of tomorrow and on the huge potential in infrastructure and refurbishment supported by various government incentive programs. 

In his opening presentation, Thomas Hasler confirms the strategic targets 2023. The organisation will continue to be aligned for sustainable, long-term success and profitable growth. By targeting six strategic pillars – market penetration, innovation, operational efficiency, acquisitions, strong corporate values, and sustainability , Sika is seeking to grow by 6–8 percent a year in local currencies until 2023. It is aiming for a higher EBIT margin of 15–18 percent from 2021 onwards. Projects in the areas of operations, logistics, procurement, and product formulation should result in an annual improvement in operating costs equivalent to 0.5 percent of sales. Sika’s overriding sustainability goal is to reduce CO2 emissions per ton sold by 12 percent until 2023. In addition, the company aims to make all product innovations even more sustainable while at the same time increasing product performance. 

For the 2021 fiscal year, Sika is expecting sales growth in local currencies of 13–17 percent as well as an over-proportional EBIT increase. The EBIT margin will reach 15 percent for the first time, despite a challenging raw material price development and supply chain restrictions.

Expertise shared by:
Thomas Hasler, Chief Executive Officer, Sika.