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Segment performance

In line with the organizational changes implemented on 1 March 2019, Bekaert’s segment reporting will be changed in 2019. The new segmentation will drive transparency into the business dynamics of each reporting unit and replace the previous geographic segmentation, to which Bridon-Bekaert Ropes Group had been added as a separate reporting segment. The Group’s business units (BU) are characterized by BU-specific product and market profiles, industry trends, cost drivers, and technology needs tailored to specific industry requirements. 

The new reporting segments will be:

  • Rubber Reinforcement
    This Business Unit serves industries that use tire cord, bead wire, hose reinforcement wire and conveyor belt reinforcement.
  • Steel Wire Solutions
    This Business Unit serves industrial, agricultural, consumer and construction markets with a broad range of steel wire products and solutions.
  • Specialty Businesses
    This Business Unit includes building products, fiber technologies, combustion technology and sawing wire.
  • Bridon-Bekaert Ropes Group (BBRG)
    BBRG includes the ropes and advanced cords businesses