Ansteel and Bekaert open Euro 150M steel cord plant in China

ERJ staff report (RD)

Chongqing, China – Ansteel and Bekaert have officially opened a new production plant for steel cord products in Chongqing, China, the companies said in an 8 April joint statement.

The two firms became partners in May 2008 and set up the joint venture Bekaert Ansteel Tire Cord (Chongqing) Co., Ltd. The new Euro 150 million plant will respond to rising local demand for steel cord products for tyre reinforcement, the statement said. The plant currently employs 130 staff.

“This new plant…

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