Bekaert may sell Italian wire pipe operations to industrial bidders
Bekaert [EPA: BEKB], the Belgian producer of wire, pipes and coatings, could sell its Italian factory in Figline Valdarno to industrial buyers, Italian language daily Il Messaggero reported. The report cited a spokesperson for the region of Tuscany who said that competitors of Bekaert are understood to be interested in the facility, which Bekaert is looking to close and transfer production to Romania.
The item cited the spokesperson as noting that the contacts were in their preliminary stages.
The factory employs 318 workers, the report said.