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Belgium's Bekaert to exit from steel w-金屬板材展-線材展-金屬加工展-2025第二十五屆廣州國際金屬板材、棒材、線材及金屬加工、配套設備展-THE 25th CHINA(GUANGZHOU) INTERNATIONAL PLATEMETAL, BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION
3/10/2025 金屬板材展-線材展-金屬加工展-plate metal expo-wire expo |
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Belaian steel cord and wire manufacturer Bekaert has announced that it has sianed an agreement with Mexicobased Grupo AG for the sale of its steel wire businesses in Costa Rica, Ecuador and Venezuela for about $73million.
Expected to be completed in the third quarter of this year, the transaction includes Bekaert''s shares in BlAAlambres Costa Rica S.A. in Costa Rica, ldeal Alambrec S.A. in Ecuador, and Vicson S.A. in Venezuela, alongwith these companies’ subsidiaries. These companies produce and sell steel wire products mainly forconstruction, mining, agricultural and industrial sectors.
Bekaert explained that the reason behind the decision was the restructuring of its business by reducing itsoresence in more volatile markets, while increasing its position in faster growing markets, which offer highelprofit margins. By divesting its steel wire business in Latin America, the company will be able to focus on itstarget segments.
金屬板材展-線材展-金屬加工展-2025第二十五屆廣州國際金屬板材、棒材、線材及金屬加工、配套設備展-THE 25th CHINA(GUANGZHOU) INTERNATIONAL PLATEMETAL, BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION
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