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Bekaert to close its tyre cord plant in Huizhou, China.

Bekaert
Posted: March 21, 2017 at 11:18 am   /   by   /   comments (0)

Bekaert has decided to close its tyre cord plant in Huizhou, China, the Belgian group said in a financial statement.

“Investment restrictions in Huizhou have put a burden on the plant’s potential to grow scale and improve cost effectiveness to the level of our other operations,” the company said March 1.

The plan now is to invest in other existing locations in the country, Bekaert said, that it had expanded its tyre cord activities in China, India and Indonesia during 2016.

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