class=”sc-29f61514-0 fQbOYE”>
Thiessen is a family business and supplies mining companies in the western United States, which, among other things, supply critical minerals to the growing e-car industry, as Sika announced on Thursday.
According to Sika, the acquisition offers “significant” cross-selling potential and strengthens Sika’s expansion into the American mining industry. However, financial details of the transaction were not provided.
Thiessen has two factories in the western United States near, among other things, major mines where important raw materials for battery production are extracted. Thanks to increased investments in electric vehicle production, Sika anticipates an increased demand for these critical raw materials in the future.
In addition, thanks to its cement-free concrete production technology, Sika sees itself well positioned to benefit from the increasing sustainability demands in mining.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
