Sika CEO Targets China Renovation and Global Data Centers
Sika CEO Thomas Hasler highlights growth prospects in the Chinese renovation market and U.S. infrastructure. The company is pivoting from new-build projects to renovations in major Chinese cities while expanding its data center pipeline across Europe and Asia.
Sika is targeting growth in the China renovation market and global data center construction. CEO Thomas Hasler told Finanz und Wirtschaft on Friday that the Swiss manufacturer is re-calibrating its business model as new-build activity slows. The move focuses on saturated urban hubs and the booming digital infrastructure sector.
### China Strategy Shifts to Renovation and EVs Sika has fragmented its operations in China to better address non-uniform local market demands. Sika is moving away from its heavy reliance on new-build projects to focus on renovation in saturated hubs like Shanghai, Beijing, and Guangzhou.
