SINGAPORE (ICIS)--Sika has opened a new factory for adhesives and acoustic products in Sao Paulo, Brazil, the Swiss specialty chemicals maker said on Friday.
The factory with its adjoining technology center will manufacture adhesives and a wide range of acoustic products for the automotive market in Latin America, the company said in a statement.
These products help to reduce the noise level in cars, or to structurally bond vehicle body shells.
"Following the successful acquisition of Colauto in 2011, we remain strongly committed to the region's automotive industry and are investing further in the expansion of our product portfolio and production capacities,” added Dave Jone, the head of global automotive at Sika.Investment and capacity details of the factory were not disclosed
The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).
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