Sika Flags One-Off Hit From China Restructuring, Cost-Cutting Measures

By Adam Whittaker


Chemicals company Sika expects to book a one-off hit of up to 100 million Swiss francs ($124 million) this year from an overhaul of its operations in China and other cost-cutting measures.

Sika said the measures set out in its "fast forward" program would deliver annual cost savings of 150 million to 200 million Swiss francs from 2028.

The package includes an investment of up to 150 million Swiss francs in digital transformation. It will also see Sika book 80 million to 100 million francs in nonrecurring costs this year related to structural adjustments in China and efficiency programs in other markets.

Sika confirmed its 2028 strategy and is targeting 3% to 6% of sales growth in local currencies, excluding the market growth element.


Write to Adam Whittaker at adam.whittaker@wsj.com


(END) Dow Jones Newswires

November 27, 2025 01:52 ET (06:52 GMT)

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