The Swiss Specialty Chemicals Company Sika has taken over Elmich PTE LTD, a leading provider of Urban Greening Systems with its headquarters in Singapore.
In a statement on Monday, Sika said that the acquisition complements its roof portfolio in the region and strengthens its specifications business for commercial and residential projects.
With this acquisition, Sika gains a new platform for growth in the Asia/Pacific region.
Sika can use Elmich's specifications in its wide product portfolio and strengthen the commercial and living-specific business in the region.
In addition, the integration of Elmich's Urban Greening Product Range offers further exciting cruise sales with the complementary roof and sealing products from Sika and a wider regional presence.
It is noted that green roofs and facades are rapidly growing market segments, with more and more projects being carried out in large cities.
In the Asia/Pacific region, the market is predicted that an annual growth rate (CAGR) grows from 5.5 percent to 2032.
Urbanization in cities with a higher density leads to rising temperatures and poor air quality.
Greens and facades contribute significantly to the weakening of these conditions by improving the urban heat effect and the improvement of air quality and biological diversity.
In addition to your significant cooling effect, you also contribute to reducing carbon dioxide (CO2) through your insulating properties, which lead to energy savings and facilitate the absorption and storage of carbon through vegetation.
With a strong contribution to sustainable urban environments, Green roof and facade systems enable high ratings in Green Building certifications, an important requirement in many projects.
This is driven by increasing demand as well as stricter standards and regulations.
“Green roofs and facades make metropolitan areas more liveable by adding aesthetic attraction, improving air quality and reducing heat.
“The acquisition will strengthen our position in large cities in which green roofs gain dynamics. Together we will further develop our business with commercial and residential specifications and use our combined specialist knowledge and product portfolios as well as the wider geographical reach of Sika, ”said Philippe Jost, regional manager Asia/Pacific.
Elmich is a supplier of innovative, sustainable Green Roof solutions that are known for their outstanding performance and durability.
The team works closely with architects and owners to design and specify top-class commercial and residential projects.
Since the foundation 40 years ago, Elmich has built out excellent relationships with great developers and a strong presence in the Green roof segment.
The company is making Urban Greening systems with proprietary know -how and products from 100% recycled raw materials.
The company's products are highly valued by enthusiasts and its solutions were used in many iconic buildings in Singapore and Australia.
The Fileai of Singapore collects 14 million US dollars in Serie A, which is listed by Illuminate Financial, Weih Elevate, Insignia, Heinemann and others