One of the key suppliers to Switzerland’s Gotthard base tunnel bills the structure as both novelty and “remarkable achievement in engineering.” At 57 meters or 35 miles, it is the world’s longest rail tunnel; passes through one of the highest Alpine massifs; and, will reduce the time that massive freight and modern high-speed trains need to travel from Zurich to Milan by around one hour.
Read MoreSources: Sika AG, Baar, Switzerland; CP staff
The Swiss parent of Sika Corp. has closed on a forerunner in value-added flatwork, billing Los Angeles-based L.M. Scofield Co. as “a 100-year-old, family-owned company long established as the number one brand of concrete color additives and decorative products in North America.”
Read MoreMore than a year after an initial overture and subsequent Swiss agency and European Commission legal proceedings, management of Baar, Switzerland-based Sika AG management remains adamantly opposed to a stock transfer to global glass and building materials giant Saint-Gobain. Sika Chairman Dr. Paul Hälg calls the transaction “unparalleled in the world” and reiterates board concerns rooted in the bid’s structure: Saint-Gobain seeks the stake of the largest shareholder “the Burkhart family” amounting to 16.1 percent of shares, but vested with 52.4 percent of voting rights. In a late-2015 letter to shareholders, he noted:
Read MoreSources: Sika AG, Baar, Switzerland; CP staff
Sika Corp. has opened a new mortar products line alongside an expanded admixture facility near Philadelphia. The former is the second such investment in the past two years, and dovetails the company’s March 2015 acquisition of mortar processor and marketer BMI Products of Northern California Inc.
Read MoreSources: Sika AG, Baar, Switzerland; Saint-Gobain, Paris; CP staff
A year after an initial overture and subsequent Swiss agency and European Commission legal proceedings, Sika AG management remains steadfastly opposed to a stock transfer to global glass and building materials giant Saint-Gobain. Sika Chairman Dr. Paul Hälg calls the transaction “unparalleled in the world” and reiterates board concerns rooted in the bid’s structure: Saint-Gobain seeks the stake of the largest shareholder—the Burkhart family—amounting to 16.1 percent of shares, but vested with 52.4 percent of voting rights.
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