Berkaert’s Steel cord China reports major growth

ERJ staff report (RD)

Kortrijk, Belgium – Bekaert, a steel cord manufacturer to the tyre industry, has recorded 63.7 percent sales growth in its Steel cord China business in 2008. Steel cord sales remained static in the rest of the world with just 1.4 percent growth, the company reported in its annual financial results.

The company’s Advanced Wire Products unit, accounting for 88 percent of consolidated sales, which includes Bekaert’s Steel cord activities, increased sales by 26.4 percent to Euro 2 331 million in 2008…

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