ArcelorMittal, Bekaert steel cord joint venture to expand

Brazilian steel tire cord producer Belgo Mineira Bekaert (BMB), a joint venture between ArcelorMittal and Bekaert, will invest 107 million Reais ($28.6 million) to expand its facility in Itaúna city, in the country's southeastern Minas Gerais state.

The company aims to increase steel cord production capacity in the Itaúna facility by 35%. BMB did not disclose its current...

Published

Felipe Peroni

June 20, 2018

19:32 GMT

São Paulo