Bekaert completes acquisition of Pirelli tire cord plant in China

Bekaert and Pirelli have successfully closed the acquisition by Bekaert of the Pirelli steel cord plant in Yanzhou, Shandong Province, China.

The deal closing in China follows the recent ownership transfers of other steel cord plants in Figline (Italy), Slatina (Romania), Sumaré (Brazil) and Izmit (Turkey).

The integration of these steel cord activities and the long-term supply agreement with Pirelli further enhance Bekaert’s status as a preferred supplier to the tire industry.  Bekaert has been developing and manufacturing steel cord for the tire industry since the 1950’s. 

Deal closing China

Bekaert holds 80% of the shares of Bekaert (JiNing) Steel Cord Co, Ltd. Hixih Rubber Industrial Group Co Ltd, who was Pirelli’s partner in the Yanzhou entity, retains the remaining 20%. The integration process into the Bekaert Group will start immediately and the entity’s financial results will be included in the consolidated statements of Bekaert as from 1 March 2015.

Get the free newsletter

Sign up for news, trends and equipment for sale in the lifting and rigging industry.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Latest Products For Sale

Type Description
Lifting Products
1/4" x 800' per drum H.G. Proof Coil Chain Grade 28
Lifting Products
Master Links
3.5" Skookum Alloy Master Links
Lifting Products
Master Links
4" Grade 80 Import Master Links 157T WLL
Lifting Products
Chicago Hardware 3/4" X 18" Jaw & Jaw Galv. Turnbuckles
Lifting Products
8" Tong Line Sw. Eye RB WLL 3T

News & Articles