28 September 2006  Bekaert opens new production unit in Shenyang (China)

Today, Bekaert officially opened its newest production unit for advanced wire products in Shenyang (Liaoning Province - China). The inauguration took place in the presence of Mr. Li Wancai, Vice Governor of Liaoning Province; Mr. Zhang Guixin, Director of provincial bureau of Foreign Trade and Economic Relations; Mr. Li Ji’an, Standing member of CPC Shenyang Municipal Committee and Secretary of CPC Tiexi District Committee; Mr. Song Qi, Vice Mayor of Shenyang Municipal Government and Mr. Bernard Pierre, Belgian ambassador to China.

This second plant in Shenyang, which will trade as Bekaert Shenyang Advanced Products Co., Ltd., is specializing on advanced products like fine cord for belt reinforcement and other specialized cord for “off the road” tires. Production was started exactly 115 days after groundbreaking. Today this newest plant totals 60 employees and by the end of the year this number will have doubled, bringing the number of employees in Shenyang to 750.

Marc Vandecasteele, Group Executive Vice President, stated: “This new operation facility brings Bekaert’s total investment in Shenyang to 900 million RMB (€ 90 million). It demonstrates our commitment to further strengthen our position in the northeast of China. We highly value the continuous strong support from the authorities who create a stimulating environment for growth, both for Bekaert and its customers.”

The sustained market growth and Bekaert’s determination to continue to play a leading role as a worldwide top quality supplier to its local and international customers requires the company to further invest. In order to meet customer demand, Bekaert has increased its production capacity in its various steel cord manufacturing plants (Jiangyin, Shenyang and Weihai) in China up to 200 000 tonnes annually.

With its facilities in Jiangyin, Shanghai, Changzhou and Wuxi, Bekaert is also extending market positions in its other advanced wire products. The company develops its activities in advanced materials and coatings for the Asian market out of its production facility in Suzhou.