Bekaert has sold its Steel Wire Solutions business in Costa Rica, Ecuador, and Venezuela to streamline its operations. This decision aligns with the company’s strategy to focus on its core competencies and improve efficiency in its overall market presence.
NV Bekaert SA, a global leader in steel wire transformation and coating, has announced the divestment of its Steel Wire Solutions business operating in Costa Rica, Ecuador, and Venezuela. This strategic decision is part of Bekaert’s broader efforts to streamline operations and focus on its core competencies. By selling this division, the company aims to enhance efficiency and improve its overall market position within the wire and cable industries.
In summary, Bekaert’s sale of its Steel Wire Solutions business in Central and South America reflects its commitment to optimizing company focus and enhancing operational efficiency. This move is expected to benefit the firm’s strategic objectives and reinforce its core business endeavors in wire products and applications.
Original Source: www.marketscreener.com
