Bekaert Agrees to Transfer Sardinian Site to Nuova Icom

Bekaert, a global leader in steel for industry, has reached a significant agreement with Nuova Icom, a Sardinian industrial engineering and metalworking firm, for the reindustrialization of its tire cord production site in Macchiareddu, Sardinia, Italy.

The preliminary agreement paves the way for the transfer of Bekaert's Macchiareddu site to Nuova Icom, along with the reemployment of Bekaert's current workforce. This move comes in response to structural changes in the tire industry that have significantly impacted market demand and the competitive landscape of Bekaert’s tire reinforcement facility in Sardinia. As a result, production activities at the site have declined, and the viability of tire cord production under current market conditions has become questionable.

The agreement represents Bekaert's proactive approach to finding a sustainable future for the site while ensuring the continuity of employment in the region. Over recent years, the company has been exploring various solutions to address the challenges faced by the Macchiareddu site, and this agreement is the culmination of those efforts.

According to Bekaert, the transition is crucial for the employees, their families, and the local community. The company is committed to maintaining open and constructive dialogue throughout the process, aligning with the approach that has guided previous discussions.

The transaction is expected to be finalized in October 2026, subject to the completion of the necessary consultation process and customary conditions. This timeline reflects the thoroughness and complexity of the transition, ensuring that all stakeholders are adequately informed and involved.

Bekaert's move underscores its dedication to the local economy and the industrial heritage of Sardinia. The successful reindustrialization of the site under Nuova Icom’s management will likely bring new opportunities and investments to the region, potentially revitalizing the area’s manufacturing sector.

The agreement is a testament to Bekaert's strategic approach to addressing industry shifts and ensuring the long-term viability of its operations. As the process moves forward, all parties involved will work collaboratively to ensure a smooth transition and continued support for the local workforce.