# Sika invests Q50M in new chemical plant in Palín, Guatemala

Sika invested Q50 million to build a new plant in Palín, Escuintla, Guatemala, for manufacturing construction chemicals and additives. The 10,000 m² facility will produce 60,000 metric tons annually, create 20 new jobs, and supply southern Mexico, El Salvador, Honduras, and Nicaragua. It will start operations on December 13, 2018.

- Type: New facility
- Announced: 2018-12-05
- Where: Palín, Escuintla, Guatemala
- Value: $6.50M (50.0M GTQ)
- Jobs: 20
- Starts operating: 13 Dec 2018
- Status: under construction
- Capacity: 60,000 metric tons per year
- Products: construction chemicals and additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sika](https://endata.com/companies/10682.md)

## Sources

- [prensalibre.com](https://www.prensalibre.com/economia/compaia-suiza-instala-fabrica-de-quimicos-y-aditivos-para-la-construccion-en-palin/), 2018-12-05: "La empresa Sika, de origen suizo, confirmó a Prensa Libre que se invirtieron Q50 millones para la construcción de una nueva planta en Palín, Escuintla."
- [revistaeyn.com](https://www.revistaeyn.com/centroamericaymundo/empresa-suiza-inaugura-planta-en-guatemala-AVEN1242266), 2018-12-14: "Con una inversión de 40 millones de quetzales (US$5,1 millones), la empresa de origen suizo Sika... inauguró la primera planta de producción en Guatemala."
- [sika.com](https://www.sika.com/en/media/media-releases/archive/2018/sika-opens-plant-in-guatemala.html), 2018-12-17: "With the new site, we have created a strategic hub in the region for further expanding our business in Central America – which has around 36 million inhabitants."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.