Modern Co. for Water Proofing
EEGX:WATP23.00
EGP
+0.50
(+2.22%)
Modern Co. for Water Proofing
EGX:WATP
(Egyptian Exchange)
Recent
price
23.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Modern Co. for Water Proofing is an Egypt-based manufacturer and distributor of waterproofing systems, thermal insulation materials, and specialized construction chemicals. Founded in 1953 and headquartered in Cairo, Egypt, the company operates manufacturing facilities in Badr City and provides building solutions for residential, commercial, industrial, and civil infrastructure sectors. Modern Co. for Water Proofing manufactures and markets a comprehensive product portfolio, comprising: polymer-modified bitumen waterproofing membranes, including atactic polypropylene (APP), styrene-butadiene-styrene (SBS), and amorphous polyalphaolefin (APAO) torch-applied and self-adhesive sheets marketed under brand names such as Bitumode, Bitumode Delta, Hyperflex, Roflex, and Bitushape; cold- and hot-applied bituminous protective coatings, damp-proofing liquid emulsions, and primers marketed under the Nirol brand; extruded polystyrene (XPS) and expanded polystyrene (EPS) thermal insulation boards; non-woven continuous filament spunbond polyester geotextile fabrics and reinforcement mats; mineral wool and glass wool thermal and acoustic insulation materials; synthetic elastomeric and plastomeric single-ply roofing membranes; and concrete admixtures, repair mortars, and structural sealants. The company distributes its products domestically and exports to international markets across the Middle East, Africa, Europe, and Asia. In recent corporate developments, Modern Co. for Water Proofing was acquired by Swiss specialty chemicals leader Sika AG through its subsidiary Sika Egypt, which purchased a controlling majority equity stake, leading to the company's formal privatization and subsequent delisting from the Egyptian Exchange (EGX: WATP). Following the acquisition, the company has operated as a fully integrated subsidiary within Sika Egypt's regional supply chain, functioning as a primary manufacturing hub for bitumen-based waterproofing membranes, modernizing its production lines in Badr City, and integrating its legacy Bitumode product range into Sika's expanded global roofing and waterproofing distribution networks across the Middle East and Africa.