Bekaert’s sales of steelcord to China rocketed in 2006

Kortrijk, Belgium – About halfway down Bekaert’s results statement for the 12 months to December 2006 is a bombshell. Its revenues from steelcord in China were up by 54 percent, compared to the previous year. Sales of steelcord in other regions declined by around 7 percent.

In the Advanced Wire Products division, sales were overall five percent higher at €1724 million (2005: €1640 million). The Steelcord China business generated eight percent of that (around €138 million), while other steelcord activities generated 27 percent of…

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