Latest news with #SIKA
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Business Standard
6 days ago
- Business
- Business Standard
Microcap aerospace & defence stock zooms 36% in 2 days; here's why
Share price of Sika Interplant Systems today: Shares of Sika Interplant Systems (SIKA) zoomed 20 per cent to hit a new high of ₹1,125.3 on the BSE in Wednesday's intra-day trade amid heavy volumes. In the past two trading days, the stock price of the microcap company engaged in aerospace and defence business has surged 36 per cent. At 12:27 PM, SIKA was quoting 18 per cent higher at ₹1,109.30, as compared to a 0.24 per cent rise in the BSE Sensex. The average trading volumes on the counter jumped over fivefold, with 375,000 shares changing hands on the BSE, the exchange data shows. The company's market capitalisation stood at ₹2,345 crore. License agreement with Collins SIKA on Tuesday, June 3, 2025, informed that the company has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace (Collins). Under this agreement, SIKA will be licensed to undertake maintenance, repair and overhaul (MRO) of specific primary flight control actuation part numbers (components) for which Collins is the original equipment manufacturer (OEM). These Components are standard installations on all Airbus A320/A321 series aircraft. The company said as per the License Agreement, SIKA is authorised to service Components from aircraft registered in India and select neighbouring countries as defined in the agreement. This collaboration aligns with SIKA's strategic objective of expanding its MRO capabilities to better serve aviation and aerospace customers in India and the region, the company said. Industry structure and development India's geopolitical scenario and compulsions, real or perceived, are continuing to drive the development of its A&D industry. The stand-offs seen in recent years on the Indo-China border have renewed the urgency to build capability and capacity for India's defence industry. The geopolitical situation in South Asia and the Indian Ocean region, as well as the wider theatre of Southeast Asia and the South China Sea, has important implications for the defence sector, SIKA said in its FY24 annual report. The last decade has seen India emerge as one of the most attractive A&D markets in the world, given the Ministry of Defence's (MoD) continued emphasis on modernisation of the armed forces, which is expected to result in capital expenditure of about USD 250 billion over the next 10 years. There is a broad acknowledgement that while the man behind the machine remains motivated, some machines being manned need an upgrade. Opportunities The country's Defence expenditure has been punctuated by big-ticket deals and modernisation programs, the latter in response to the urgent need to enhance the deterrent and operational capabilities of the armed forces through upgradation/modernisation of existing equipment, as well as additional acquisitions of 'state of the art' equipment. The large scale of the market provides a significant opportunity for foreign original equipment manufacturers (OEMs), Indian industries and SMEs. The need for a self-reliant Defence sector and a sharp focus on minimising dependence on imports is seeing the continued opening up of the sector for private participation, SIKA said in its annual report. About Sika Interplant Systems Limited (SIKA) SIKA is actively involved in four main areas, namely, engineering (design and development); manufacturing, assembly and testing; projects and systems integration; and maintenance, repair and overhaul (MRO). Additionally, the Company's in-house capabilities in technology development and production are complemented by tie-ups with international partners. The majority of the Company's business is catered to serving the Aerospace, Defence & Space (AD&S) and Automotive sectors. In recent years, SIKA has been focused on building advanced facilities to expand its operational base to keep pace with the fast-paced development of the AD&S sector in India, and SIKA is well-positioned to meet the requirements of both potential international partners and domestic projects. Within the automotive sector, the company continues to undertake projects to supply critical capital equipment to a significant number of the major automobile manufacturers across the country.
Yahoo
6 days ago
- Business
- Yahoo
SIKA TO ADVANCE THE DIGITAL TRANSFORMATION OF THE CONSTRUCTION INDUSTRY WITH GIATEC
SIKA TO ADVANCE THE DIGITAL TRANSFORMATION OF THE CONSTRUCTION INDUSTRY WITH GIATEC Sika has made a strategic investment in Giatec™ Scientific Inc., a global leader in digital concrete technology platforms specializing in smart testing and AI-driven solutions, headquartered in Canada. Giatec develops advanced sensors, software, and data analytics tools to optimize concrete quality, durability, and sustainability, from production and delivery to placement. This investment represents a significant milestone in Sika's overall digital strategy, helping the construction industry to improve efficiency and reduce carbon footprint. One key challenge in concrete production is the tendency to overdesign concrete mixes due to raw material fluctuations. With Giatec's AI-powered concrete mix optimization and Sika's advanced admixture technologies, the amount of cement and aggregates used can be analyzed and optimized precisely. This results in significant cost savings and a reduction in CO₂ emissions. In alignment with Sika's strategy to enhance its digital ecosystem, this partnership will accelerate the adoption of smart technologies. By integrating software, sensors, and data platforms, it aims to empower customers to monitor, optimize, and predict various aspects of construction projects for better outcomes. Ivo Schaedler, Head of Construction Sika: "Sika is excited to shape the future of the concrete industry through digital transformation, working closely with Giatec and its network of strategic global partners like Heidelberg Materials. By leveraging digital innovation, we are providing the construction industry with unparalleled data-driven insights that improve sustainability and performance, and enable the next level of modern construction." "We are pleased to strategically partner with Sika as we work together to redefine the future of AI-powered concrete construction," said Pouria Ghods, CEO and Co-founder of Giatec. "With Sika's global reach and proven leadership in the industry, we are uniquely positioned to scale our smart technologies worldwide, empowering the construction sector with data-driven solutions that enhance efficiency, durability, and sustainability on a global scale." GIATEC CORPORATE PROFILEGiatec is a global company revolutionizing the concrete industry by bringing smart testing technologies and real-time collection and analysis of concrete data from production and delivery to placement. Giatec's suite of hardware & software products has leveraged advanced technologies such as Artificial Intelligence (AI), and Internet of Things (IoT), including; wireless concrete sensors, mobile apps, and advanced non-destructive technologies (NDT) to drive innovation throughout concrete's lifecycle and reduce concrete's carbon footprint. For more information visit SIKA CORPORATE PROFILESika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024. CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 media release can be downloaded from the following link:Media ReleaseError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
7 days ago
- Business
- Business Standard
Sika Interplant Systems soars after signing license agreement with Collins Aerospace
Sika Interplant Systems surged 14.35% after the company announced that it has entered into a license agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), each a part of Collins Aerospace. Under this agreement, SIKA will be licensed to undertake maintenance, repair and overhaul (MRO) of specific primary flight control actuation part numbers for which Collins is the original equipment manufacturer (OEM). These components are standard installations on all Airbus A320/A321 series aircraft. As per the License Agreement, SIKA is authorised to service components from aircraft registered in India and select neighbouring countries as defined in the agreement. "This collaboration aligns with SIKAs strategic objective of expanding its MRO capabilities to better serve aviation and aerospace customers in India and the region, the company said in a statement. Sika Interplant Systems' core business areas include projects & systems integration, manufacturing solutions, and maintenance, repair, and overhaul (MRO). It is also a qualified Indian Offset Partner with a license for defense production from the Government of India. It offers advanced products and solutions to the aerospace & defense sector.
Business Standard
03-06-2025
- Business
- Business Standard
SIKA Interplant Systems enters into license agreement with Collins Aerospace
To undertake MRO for primary flight controls of Airbus A320/A321 series aircraftSIKA Interplant Systems (SIKA) has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace (Collins).Under this agreement, SIKA will be licensed to undertake maintenance, repair and overhaul (MRO) of specific primary flight control actuation part numbers (the Components) for which Collins is the original equipment manufacturer (OEM). These Components are standard installations on all Airbus A320/A321 series aircraft. As per the License Agreement, SIKA is authorised to service Components from aircraft registered in India and select neighbouring countries as defined in the by Capital Market - Live News
Business Upturn
03-06-2025
- Business
- Business Upturn
Sika Interplant Systems shares surge 12% following license agreement with Collins Aerospace
By Aman Shukla Published on June 3, 2025, 09:42 IST Sika Interplant Systems (SIKA) shares soared 12% following the announcement of a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), both part of Collins Aerospace. As of 9:41 AM, the shares were trading 11.20% higter at Rs 918.05. Under this strategic agreement, SIKA gains the license to perform maintenance, repair, and overhaul (MRO) of specific primary flight control actuation components manufactured by Collins Aerospace. These critical components are standard installations on all Airbus A320 and A321 series aircraft, widely used in commercial aviation. The License Agreement authorizes SIKA to service these components for aircraft registered in India and select neighboring countries, strengthening SIKA's regional footprint in aerospace MRO services. This collaboration supports SIKA's growth strategy to expand its MRO capabilities and offer enhanced support to aviation customers across India and the surrounding region. Market analysts view this partnership as a positive move for SIKA, positioning the company to capture a larger share of the aerospace MRO market amid growing demand for cost-effective aircraft maintenance solutions. Sika Interplant Systems continues to build on its reputation as a trusted aerospace service provider, leveraging this collaboration to deliver high-quality maintenance solutions aligned with global OEM standards. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
