Sika Industry Division Announces Price Adjustments

MADISON HEIGHTS, Mich., June 3 -- The Industry Division of Sika Corporation is announcing price adjustments ranging up to 10% effective August 1st. "We are announcing the adjustments as a result of the rapidly escalating petroleum based raw material, energy and transportation costs we've been experiencing. The cost increases have been well reported in local and world news as well as the trade journals serving the adhesives and sealant industry," said Bill Loven, the division's senior vice president.

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"Over the past two years we have been able to offset a number of cost increases with productivity improvements, and by simply absorbing other cost increases, but we have to pass on some portion of the most recent cost increases in order to maintain profitability targets for our shareholders," said Loven.

The Industry Division of Sika Corporation is headquartered in Madison Heights, MI. The company is a leading supplier of adhesives and sealants serving automotive aftermarket, industrial, marine, and transportation markets. Product lines include polyurethane adhesives and sealants, hot melt adhesives, epoxies, acrylics, silicones and butyl sealants. Specific applications for Sika adhesives and sealants are found in the appliance, automotive glass replacement, HVAC, metal building, transportation, marine, and fenestration industries. Visit the Sika Corporation Industry Division website at http://www.sikaindustry.com/ .

Sika Corporation is a supplier of specialty chemical products and industrial materials serving construction, industry and automotive markets. Sika Corporation is a subsidiary of Sika AG, Baar, Switzerland. Sika has annual sales of approximately U.S. $1.8 billion, over 8,500 employees and operations in more than 66 countries. Visit the Sika Corporation website at http://www.sikacorp.com/ .

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