7 Sep 2026
“Structural changes” in tire industry impact competitiveness of Macchiareddu facility
Brussels - Bekaert has signed a preliminary agreement with Nuova Icom, a Sardinian industrial engineering and metalworking company, for the reindustrialisation of its Macchiareddu site in Sardinia, Italy.
The preliminary agreement provides for the transfer of Bekaert’s Macchiareddu site as well as the reemployment of Bekaert employees at the site, said the Belgian group 3 Sept.
Bekaert noted that “structural changes” in the tire industry have affected market demand and the competitive position of its tire reinforcement site in Sardinia.
“As a result, production activity at the site has progressively declined and tire cord production is no longer viable under current market conditions,” it said.
The transaction, the value of which was not disclosed, is anticipated to close in October 2026, subject to the completion of the consultation process and customary conditions.
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