ERJ staff report (DS)
Kortrijk, Belgium -- In the 12 months to 31 Dec., 2007, Bekaert reported consolidated sales of Euro 2174 million, up 8.2 percent on the previous year.
The company's advanced wire products business which includes the steel cord activity, reported sales of Euro 1844 million, up 9.2 percent on the previous year. Within this sector, there were huge regional differences. Sales in the Steelcord China unit grew 48.3 percent, while steelcord sales elsewhere fell by 6.4 percent. Bekaert said it had anticipated a slowdown in North America and had reduced capacity there.
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Press release from Bekaert