Bekaert reports record year with 20 percent sales increase in 2004

Kortrijk, Belgium–Bekaert, the steel cord producer, reported a record year in 2004, with combined corporate sales up 20 percent, at Euro 3144 million. In the advanced wire unit, the company reported combined sales (including all subsidiaries and joint ventures) of Euro 2411 milllion, up 21.3 percent compared with a year earlier.

The company broke down the 21 percent growth figure thus: Europe +17%, North America +22%, Latin America +32%, Asia +49%, steel cord China +1%, steel cord others +21% and other advanced wire products +2%.

In a…

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