Bekaert reaps benefits from restructuring drive

Newswire

BRUSSELS, Feb 28 (Reuters) - Belgian steel cable and wire maker Bekaert on Friday reported a 42 percent increase in underlying operating profit, as it boosted its margins in the Asia Pacific and EMEA regions after a tough restructuring programme. The company, whose steel wire reinforces a quarter of the world's automotive tyres, said it saw strong demand from the Chinese tyre sector adding that the European automotive sector also showed an upward trend in the second half of ...

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