Bekaert and Maccaferri will establish a global sales and distribution joint venture to provide total construction reinforcement solutions for underground infrastructure projects such as road, railway, metro, hydro power stations and utility and mining tunnels.
Bekaert, a global market and technology leader in steel wire transformation and coatings, and Maccaferri, a global supplier of advanced solutions to the civil, geotechnical and environmental construction markets, have announced their plans to establish a 50/50 sales and distribution joint venture for underground construction reinforcement solutions.
The joint venture is intended to promote on a global basis the use of advanced reinforcement solutions for underground construction projects. It will combine the sales and distribution of Bekaert’s Dramix® steel fibers for the reinforcement of concrete in underground construction projects, such as shotcrete and precast applications, with Maccaferri’s complementary underground solutions, such as steel arches, concrete chemicals and glass fiber soil consolidation elements.
The joint venture will be serving underground construction markets on a worldwide basis, except in mainland China and Hong Kong, Argentina, Brazil, Paraguay, Peru, and Uruguay, where Bekaert and Maccaferri will continue to operate independently. The establishment of the joint venture is subject to customary closing conditions.
For more information, please contact Maccaferri.
Disclaimer
The foregoing release may contain forward-looking statements regarding the impact of the transaction on the financial statements of
Bekaert or Maccaferri. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Bekaert and Maccaferri are providing the information in this press release as of this date and do not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise. Bekaert and Maccaferri disclaim any liability for statements made or published by third parties and do not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert or Maccaferri.