Bekaert Wire fibre products. The Shelbyville production site in Kentucky (US) will cease all steel wire operations by January 2020 and the plant in Ipoh, Malaysia, will close in March 2020.
BELGIUM-based Bekaert sees further contraction in steel wire solutions in 4Q, will close steel wire plants in Shelbyville, Kentucky, and Ipoh, Malaysia, in 1H 2020 and exit part of the related markets served.
* Bekaert sees tyre markets slowing down in 4Q amid customer destocking after holding up well in first nine months, to relocate hose-reinforcement wire operations in Rome, Georgia to Rogers, Arkansas
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