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Sika company history timeline

1910

The company was founded by Kaspar Winkler in 1910 and is headquartered in Baar, Switzerland.“

1911

In 1911 he entered his firm, Kaspar Winkler & Co., into the Commercial Register.

1912

1912: Subsidiary founded: In Southern Germany a subsidiary with its own, small-scale manufacturing facility was founded.

1917

Winkler was in the red, especially during World War I. Things did not begin to pick up until 1917.

1918

1918: The Swiss Federal Railways ran successful trials: The Swiss Federal Railways ran successful trials using Sika to waterproof the tunnels of the Gotthard section.

1921

A second attempt did succeed: in 1921 a subsidiary with its own, small-scale manufacturing facility was founded in Southern Germany.

1928

In 1928 Winkler’s son-in-law, Fritz Schenker, had joined the firm’s executive board and pursued worldwide expansion.

1932

The parties litigated for three years until a 1932 divestiture ruling: the Director for Foreign Operations retained ownership of the German and Italian subsidiaries as well as trademark rights in a number of other European countries.

1990

1990: Weak Profitability: 1990s were not an easy decade for Sika AG. The solution to survive the difficult times was achieved by withdrawing from less lucrative, non-core businesses, such as the building of robots used to restore sewer lines.

2000

Sika ViscoCrete, the concrete admixture brought to market in 2000, became a significant sales mainstay.

Since 2000, Sika summarizes its core competencies in bonding, sealing, damping, reinforcing and protecting.

2002

Sika AG, the holding company since 2002, invested considerably in personnel and production capacities, and restructured the overall management organization.

2005

In 2005 that Swiss company, a specialist in membranes, became a Sika acquisition.

In this context, since 2005 the Romuald Burkard Foundation provides financial support to social and community projects in countries where Sika maintains subsidiaries.

2009

2009: Dubai Metro’s first line: The Dubai Metro’s first line was inaugurated.

2011

The second line is scheduled to begin by operating in 2011.

2012

2012: A new president for the Board of Directors and a new CEO: Paul Hälg, CEO of the Dätwyler Gruppe, is elected as president of the Board of Directors of Sika AG. Jan Jenisch takes over the CEO position from Ernst Bärtschi upon his retirement on January 1, 2012.

In 2012 Sika was included in the Swiss Leader Index (SLI), containing the 30 largest Swiss companies.

2013

Professor Doctor Jan Vermant was appointed Professor of Soft Materials at ETH Zurich (Swiss Federal Institute of Technology) by the Board of the Swiss Federal Institutes of Technology on 25/26 September 2013.

Sika furthermore has invested in 2013 considerable funds in the expansion of capacity, for example in Angola, China, Colombia, Iraq, Laos, Romania, Russia South-Africa, Ukraine and Vietnam.

Organic growth stands at the center of the Sika strategy.In 2013 new subsidiaries were established in Belarus and Oman.

2015

Since 2015 Sika made 25 acquisitions, opened 11 new national subsidies and 44 new plants.

2017

In May 2017, Sika enters the Swiss Market Index (SMI), the leading index of the Swiss stock exchange, containing the top 20 Blue Chip companies of Switzerland.

2018

In May 2018, Sika, the Burkard family and Saint-Gobain have signed agreements which terminated and resolved their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.

2019

In May 2019, Sika completes the acquisition of Parex, the biggest acquisition of the company’s history.

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Founded
1910
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Headquarters
Lyndhurst, NJ
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Sika may also be known as or be related to Sika, Sika Corporation and Sika USA.