Bekaert and Xinyu Steel announce successful closing of partnership deal in Xinyu, Jiangxi Province, China



15-Dec-2011

Press release

Summary & download

Please find attached a press release concerning the closing of a partnership.

Summary:

Bekaert, worldwide technological and market leader in drawn wire products and applications, and Xinyu Iron & Steel Co., Ltd (Xinsteel), a Xinyu-based (Jiangxi, China) iron and steel company, announced today the successful closing of their partnership transaction by which Bekaert acquires 50% of the spring wire and Aluclad activities of Xinsteel in Xinyu, Jiangxi Province, China. These activities represent an annual turnover of approximately CNY 500 million.

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