- Home
- Supplier Database
- Major Suppliers
- N.V. Bekaert S.A.
- N.V. Bekaert S.A. Business Report FY ended Dec. 2014
N.V. Bekaert S.A. Business Report FY ended Dec. 2014
Financial Overview
|
(in million EUR) |
|
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
Rate of change (%) |
Factors |
Net Sales |
3,215.7 |
3,185.6 |
0.9 |
1) |
EBITDA |
341.9 |
297.0 |
15.1 |
- |
Factor
1) Net Sales
-FY ended Dec. 2014, the Company's consolidated sales increased by 0.9% year-on-year. The organic consolidated sales growth (+2.8%) was cancelled out by the effect of adverse currency movements, the Chilean peso in particular.
Acquisitions
-The Company has reached an agreement with Pirelli & C. SpA for the acquisition of Pirelli's steel cord activities. The deal has an enterprise value of EUR 255 million. As part of this transaction, Bekaert and Pirelli will enter into a long-term supply agreement of tire cord to Pirelli. The acquisition agreement includes the purchase by Bekaert of Pirelli's steel cord manufacturing sites in Figline Valdarno (Italy), Slatina (Romania), Izmit (Turkey), Yanzhou (Shandong Province, China) and Sumare (Brazil). The deal includes all of the personnel and assets of the respective entities. (From a press release on February 28, 2014)
Overview of acquisition of Pirelli's steel cord activities
- 5 factories: Italy, Romania, Turkey, China, Brazil
- Production capacity: 150 kilo ton tire cord
- Employees: 2,127 personnel
- Sales amount: EUR 300 million *Taking effect after January 2015
Fire
-In November 2014, a fire caused structural damage to part of the Company's manufacturing plant in Rome, Georgia U.S., specializing in bead wire for the tire industry and in rubber reinforcement products for hydraulic rubber hose markets. The damaged parts of the site are being rebuilt and re-equipped to restore bead wire production activities over the course of 2015.
R&D Expenditure
|
(in million EUR) |
|
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
Total |
59.3 |
62.4 |
69.4 |
R&D Structure
-As of Dec. 31, 2014, the Company has 400 employees working in R&D on various projects worldwide.
-The Company's global technology platform consists of 2 main Technology Centers in Deerlijk (Belgium) and Jiangyin (Jiansu province, China).
Product Development
Ternary Cu-Zn-Co coated Tire Cord
-The Company successfully launched ternary Cu-Zn-Co coated tire cord that makes it possible for tire makers to create cobalt-free rubber compounds. As a result, the cobalt salt mixing step can be eliminated in the rubber compounding process and the amount of cobalt in the total supply chain of tire making can be reduced by 80%.
Reduction of parts of Window wiper
-Thanks to the technology of coated high carbon flat spring wire, a next generation window wiper was developed based on 6 parts instead of 23 parts with 50% weight reduction and better aerodynamic behavior.
Capital Expenditure
|
(in million EUR) |
|
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
Overall |
154.5 |
96.8 |
127.3 |
Data
Number of Employees
|
Dec. 2014 |
Dec. 2013 |
Dec. 2012 |
Total |
24,127 |
21,790 |
22,549 |
Sales by Product
|
(in million EUR) |
|
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
Rubber reinforcement products |
1,205.6 |
1,206.5 |
1,337.2 |
Other steel wire products |
1,851.5 |
1,788.2 |
1,927.3 |
Stainless products |
143.5 |
180.6 |
180.0 |
Coatings & other |
15.2 |
10.3 |
17.1 |
Total |
3,215.7 |
3,185.6 |
3,460.6 |
Sales by Geographic Area
|
(in million EUR) |
|
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
Europe, Middle-East and Africa |
1,063.8 |
1,040.2 |
1,044.1 |
North America |
554.7 |
547.7 |
658.9 |
Latin America |
631.3 |
644.6 |
812.3 |
Asia Pacific |
965.9 |
953.1 |
945.4 |
Total |
3,215.7 |
3,185.6 |
3,460.6 |
|
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
FY ended Dec. 31, 2012 |
Automotive |
38 |
37 |
34 |
Construction |
22 |
23 |
26 |
Energy & Utilities |
14 |
13 |
13 |
Equipment |
9 |
9 |
8 |
Consumer goods |
7 |
7 |
8 |
Agriculture |
7 |
7 |
7 |
Basic materials |
3 |
4 |
5 |
Total |
100 |
100 |
100 |
>>>Financial Data