Sika Acquires Supplier of Green Roof Solutions
Sika has acquired an urban greening systems supplier in Singapore. Sika reports that Elmich Pte Ltd products and solutions have been used in many iconic buildings in Singapore and Australia. The acquisition complements Sika’s roofing portfolio in the region and strengthens its specification business for commercial and residential projects.
Elmich is a trusted supplier of innovative, sustainable green roof solutions known for their performance and durability, according to the company. The experienced Elmich team collaborates closely with architects and owners in the design and specification of high-profile commercial and residential projects. Since the foundation 40 years ago, Elmich has built relationships with major developers and a strong presence in the green roof segment. The company provides urban greening systems using proprietary expertise and products made from 100% recycled raw materials.
With this acquisition, Sika is gaining a new platform for growth in the Asia-Pacific region and will be able to leverage Elmich’s specification approach across its broad product portfolio and strengthen the commercial and residential specification business in the region the company reports. In addition, the integration of Elmich's urban greening product range offers further cross-selling opportunities with Sika’s complementary roofing and waterproofing products and wider regional presence.
Green roofs and facades are fast-growing market segments, with an increasing number of projects being carried out in major cities. In the Asia-Pacific region, the market is forecast to grow at a CAGR of 5.5% to 2032. Urbanization in higher density cities leads to rising temperatures and poor air quality. Green roofs and facades contribute significantly to mitigating these conditions by reducing the urban heat island effect and improving air quality and biodiversity. In addition to their significant cooling effect, they also contribute to CO2 reduction through their insulating properties, which result in energy savings, and facilitate the uptake and storage of carbon by the vegetation. By making a strong contribution to more sustainable urban environments, green roof and facade systems facilitate high ratings in green building certifications, a key requirement in many projects. This is being driven by both increasing demand and more stringent standards and regulations.
Source: Sika