Sika targets growth from China renovation market, global data centres

June 5 (Reuters) - Sika ‌sees growth opportunities ​in ​China's renovation market and infrastructure construction in the U.S., the Swiss construction chemicals manufacturer's CEO Thomas Hasler ‌said in an interview with Finanz und Wirtschaft ⁠published on Friday.

• Sika has further fragmented its business in China ‌to adapt to the local ‌market, which is not uniform, Hasler said.

• Sika has re-calibrated its business model there, originally very heavily focused ​on new-build projects, to also focus on the renovation business, especially in already almost saturated markets such ⁠as Shanghai, Beijing and Guangzhou.

• It sees sustained growth in its automotive business ​in China, despite the withdrawal of subsidies for EVs.

• Sika sees growth opportunities in U.S. ​infrastructure construction, which is largely unaffected ‌by President Donald Trump's aversion to renewables, Hasler added.

• Sika is expanding market share ⁠in the construction of traditional infrastructure such as roads or bridges there, while seeing a slump in the commercial construction sector, ⁠where reshoring was a significant growth driver until the tariff escalation.

• ​Hasler deemed data centres "a definite growth driver" as operators want the most secure buildings to avoid disruptions to operations.

• He said the ‌company's data centres pipeline is full as the sector is booming in Europe and ‌Asia too.

• Sika senses hope for improvement among its customers ⁠in markets such as ‌Germany and France ​due to rising figures for building permits, despite ongoing weakness.

(Writing by Linda Pasquini; Editing by Alexander ‌Smith)

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