Almasa SA

Bekaert and Almasa SA agreed to merge Proalco SAS with Almasa's steel wire activities in Colombia, creating a 50/50 joint venture with combined revenue of €65 million in 2019.

Bekaert and Almasa have agreed to merge Proalco SAS (Bekaert subsidiary) with Almasa's steel wire activities in Colombia, creating a 50/50 joint venture expected to close before year-end 2020, adding approximately €20 million in annual revenue.