02/08/2015

www.gupta-verlag.de/rubber

Bekaert completes acquisition of three Pirelli tyre cord plants

The entities will be renamed: Bekaert Figline SpA in Italy, Bekaert Slatina SRL in Romania, and Bekaert Sumaré Ltda in Brazil. As a part of this transaction, a long-term supply agreement came into effect for the delivery of Bekaert tyre cord products to Pirelli. The agreement between the two companies also includes Pirelli's steel cord activities in Izmit, Turkey, and in Yanzhou, China. The closing of the acquisition of these two plants is subject to regulatory approvals and is expected to take place in the first quarter of 2015.

www.gupta-verlag.de/rubber