Sales of steelcord in China roar ahead at Bekaert

ERJ staff report (DS)

Kortrijk, Belgium — Both sales and margins improved at NV Bekaert SA, which has just published its results for the first six months of 2008. Sales of steelcord in China grew by a remarkable 80 percent, while steelcord sales elsewhere declined by nearly 5 percent.

Bekaert said, “within the steel cord China activity platform, the company’s target to build up the local annual tyre cord capacity to 300 000 metric tons by the end of 2008 has been already been achieved. The newly…

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