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NV Bekaert SA Bekaertstraat 2 8550 Zwevegem, Belgium http://www.bekaert.com
Contact Ms Katelijn Bohez +32 56 23 05 71
Company logo of NV Bekaert SA
NV Bekaert SA

Bekaert expands in Central America and grows its Ropes platform

Building new Dramix® plant and taking majority stake in steel wire business in Costa Rica, with ArcelorMittal as partner / Growing its steel ropes platform by taking full ownership of Cimaf Cabos in Brazil / Building on existing partnerships in the region

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Bekaert, a global market and technology leader in steel wire transformation and coatings, today announced its expansion plans in Central and Latin America, including the start-up of a Dramix® plant in Costa Rica, the acquisition of the majority of the shares of the ArcelorMittal steel wire plant in Costa Rica, and raising its share from 45% to 100% in the Cimaf ropes plant in Brazil.

Bekaert's expansions in Costa Rica will be implemented via the Bekaert Ideal Holding and hence includes a regional extension of the partnership between Bekaert and its Ecuadorian partners. The deal also builds on the partnership rrjhd Rxocjed bxq HkikqkrBuujjf ygdroxwfi rdqb ex Jgngay.

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