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Putzmeister and Sika Form Strategic Alliance

Putzmeister and Sika Form Strategic Alliance

STURTEVANT, Wis. (Oct.20, 2003) – Sika AG of Baar, Switzerland and Putzmeister AG of Aichtal, Germany, have entered into a strategic global
alliance within the tunneling and mining sector.

Sika is a prominent supplier of speciality chemicals while Putzmeister is a
leader in the development of material placing equipment for concrete, mortar
and other high-viscosity materials. Both companies operate factories and maintain sales organizations worldwide.

Within the alliance, Putzmeister will be responsible for the production of
shotcrete systems, and Sika will serve as the exclusive sales agent. Sika
will continue to produce its Aliva brand rotor machines.

Together, Putzmeister and Sika will pool their years of experience and professional expertise in the development of new and innovative shotcrete equipment designed to benefit customers. The alliance also plans to
strengthen the market position of both companies in tunneling and mining throughout the world.

Brief Portrait of Putzmeister AG
Putzmeister of Aichtal, Germany, was founded in 1958 and has developed
into a Company Group with more than 2,000 employees and production and sales operations in strategic locations throughout the world. The Putzmeister organization is recognized as a leader in developing equipment for pumping, conveying and placing concrete, mortar, bulk materials and slurries. The alliance has significant potential to serve the tunneling and mining sector. In 2002, the Putzmeister Group attained approximately €445 million in consolidated sales.
For more information, visit the Putzmeister AG web site at www.Putzmeister.de

Company Profile of Sika AG
Sika AG, based in Baar, Switzerland, is a leading global supplier of speciality chemicals. Sika offers process materials for sealing, bonding, damping, reinforcing and protecting load-bearing structures in construction (buildings
and infrastructure) and in industry (transportation, automotive, marine as well
as appliances and equipment). Sika’s product line includes concrete admixtures, speciality mortars, sealants, adhesives, speciality acoustic and reinforcing materials, structural strengthening systems and industrial flooring and membranes. The company has locally based operations in 64 countries with more than 8,500 employees. Sika achieves annual sales of approximately CHF 2.1 billion. For more information, visit the Sika web site at www.sika.com.