29 October 2007

Wuhan Iron and Steel Group granted Bekaert Quality Award for wire rod

Today, Bekaert granted the ‘Vincent Gaeremynck Award’ to its wire rod supplier Wuhan Iron and Steel Group (Hubei Province, China). Every two years, this award is presented to the supplier who has shown the greatest improvement in the quality of its wire rod supply – Bekaert’s most important raw material – in the last period.

Candidates for the award are evaluated against the following criteria:

·         Quality of the wire rod (internal and external characteristics, chemical composition and mechanical properties);
·         Wire rod research and development program;
·         Delivery conditions and general logistic support;
·         Processability of the product in Bekaert plants worldwide;
·         Supplier’s responsiveness in terms of quality improvement and claim handling.

Wuhan Iron and Steel Group (also referred to as WISCO) owns a complete set of steel processing plants, including mining, coking, sintering, iron making, steel making, rolling and the associated utilities. With an annual capacity of 20 million tons Wuhan Iron and Steel Group is one of the major players in its industry. Its products include wire rod, rails, plates and different types of sheets.

During the official ceremony, Mr. Bert De Graeve - CEO of Bekaert – stated: “Wire rod and its quality play a vital role in our production processes.  This not only determines our product quality, it also has a major impact on productivity and process stability. In order to be able to supply our own customers with high quality products, we impose very strict quality standards on the wire rod suppliers worldwide.  In China, Wuhan Iron and Steel Group is one of our most important strategic suppliers for wire rod. In the last 2 years they really stood out for their speed of product development, the intrinsic quality of their products, the continuous investment in their facilities and their in-time deliveries.”