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Bridon-Bekaert to close wire rope plant Featured

Bridon-Bekaert Ropes Group (BBRG) announced plans to close their manufacturing plant in Gelsenkirchen, Germany, to improve the business portfolio of the European rope activities.

A press release said that Bekaert has decided to consolidate the BBRG’s European ropes manufacturing platform in the U.K. and phase out the production activities in Gelsenkirchen by the end of 2023. The business portfolio of the European rope activities will further be improved by exiting lower-margin market segments and focusing on the segments with growth perspectives and higher value creation potential.

The competitive position of the Gelsenkirchen plant has been under pressure and the current business level no longer provides the ability to generate a financially sustainable performance. The decision to close the loss-making plant will affect 77 employees.

All European steel rope manufacturing activities will be centralized in the Doncaster and Newcastle production sites to ensure long-term competitiveness by better leveraging efficiencies and by improving the business portfolio. “The management regrets the personal consequences of the restructuring decisions and will diligently evaluate the options to mitigate the social impact for the affected employees,” the release said.

Bridon-Bekaert The Ropes Group (BBRG), was formed in 2016 by the addition of Bridon Group to Bekaert’s steel ropes and advanced cords businesses. The entity has a global footprint that includes 16 manufacturing locations (including Gelsenkirchen), providing strong positions in the U.S. and Europe, Latin America, Canada and Australia.

Read 367 times Last modified on November 7, 2022