29 / 58
wiredInUSA - August 2012
EUROPE NEWS
Bekaert and Malaysian group Southern
Steel Berhad (SSB) have signed an
agreement to establish a joint venture,
55% owned by Bekaert and 45% by SSB,
to be finalized by 30
th
July.
SSB will inject its interests in Southern Wire
Industries Malaysia Sdn Bhd (SWI) and
Southern Speciality Wire Sdn Bhd (SSW)
into the joint venture, while Bekaert will
bring in the galvanized wire activity
platform, which is part of PT Bekaert
Indonesia.
Henri-Jean Velge, Bekaert Group
executive vice president wire, said:
“Developing a partnership with Southern
Steel will create a production and sales
platform for our joint wire and ropes
activities in South-East Asia that responds
to our ambitions for growth in the region.”
Dr Tan Tat Wai, group managing director
of Southern Steel Berhad, added: “This
joint venture will enable us to leverage our
mutual capabilities and technological
expertise, for the benefit of the new
organization and of its customers.”
Southern Steel’s wire operations
encompass two production plants in
Malaysia; one in Shah Alam and one
in Ipoh. The product portfolio includes
a wide range of galvanized and
specialty steel wires and ropes, and
complements Bekaert’s existing product
range of steel wires manufactured in its
wire plant in Karawang, Indonesia.
29
INDEX
Bekaert and Southern Steel in
South-East Asia partnership