Bekaert signs agreement to reindustrialize Sardinia tire cord site

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โดย Yahoo Finance·IT·Read original
Summary · why it matters

Bekaert has signed a preliminary agreement with Nuova Icom, a Sardinian industrial engineering and metalworking company, to reindustrialize its Macchiareddu site in Sardinia, Italy. The agreement provides for the transfer of the site and the reemployment of Bekaert employees under specified terms. Production at the site had declined due to structural changes in the tire industry, making tire cord production no longer viable. The transaction is expected to close in October 2026, subject to consultation and customary conditions.

Impact on stocks 2

Materials▲ · 2 stocks
NV Bekaert SA
0OQJ
± MixedCapitalrelevance

Bekaert signs preliminary agreement to transfer its Macchiareddu tire cord site to Nuova Icom, closing expected October 2026.

Off-coverage companies 1

Nuova IcomPrivate± Mixed
Capitalrelevance

Nuova Icom signs preliminary agreement to take over and reindustrialize Bekaert's Sardinia site.

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