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Bekaert Signs Preliminary Deal to Reindustrialize Italian Tire Cord Production Facility

MT Newswires·09/03/2026 03:13:47
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03:13 AM EDT, 09/03/2026 (MT Newswires) -- Bekaert (BEKB.BR) entered a preliminary agreement with an industrial engineering and metalworking company, Nuova Icom, to reindustrialize its Macchiareddu tire cord production site in Sardinia, Italy. The Belgian steel wire company will transfer the site to Nuova Icom, which will also reemploy Bekaert workers at the facility, according to a Thursday release. The transaction is expected to close in October, subject to completion of consultations and customary conditions.