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Bekaert closes Italian site

Contributor: Editorial, 22 June 2018

Cable and wire manufacturer Bekaert announced it was closing its rubber reinforcement plant in Figline e Incisa Valdarno, Italy, due to its higher cost structure.

Bekaert stated the business was not financially sustainable and its other rubber reinforcement plants in the EMEA were more competitive.

Management said it regrets the need to implement the measure which affects 318 employees.

Related stories:

http://northern-observer.com/bekaert-profits-2017

Name: 
NV Bekaert SA
Turnover: 
€4,098 million
Employees: 
Location: 
Entity type: 
BEKB.BR