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Bekaert Announces Intention to Sell its Diamond-Like Carbon Coating Activities

Published on 2008-06-09. Author : SpecialChem

Bekaert and Sulzer (Switzerland) have announced their intention to sign a take-over agreement for NV Bekaert SA's Diamond-like Carbon (DLC) coating activities. The DLC business is part of Bekaert's advanced coatings business segment and hosts six production plants: in Belgium (Zulte), France (Limoges and Bons-en-Chablais), Germany (Herford) and the United States (Amherst, NY and Research Triangle Park, NC). The potential deal with Sulzer covers all 164 people now working for Bekaert DLC.

Diamond-like carbon coatings are used to reduce wear and friction in a wide range of industrial applications such as machine parts, automotive components and molds for plastics and metals. The DLC business accounts for less than 1% of Bekaert's consolidated sales in 2007.

Within the Bekaert Group, DLC's growth opportunities and technological synergies have proven to be limited over time. An in-depth analysis showed that the further growth potential of the DLC business could best be secured by entrusting its future development to a significant player in the broader tribological thin films (TTF) market.

About Bekaert:

Bekaert seeks sustainable profitable growth based on its two core competences: advanced metal transformation and advanced materials and coatings. Bekaert aims to consolidate its position as both market and technological leader around the world. With its broad range of high technological products, systems and services, Bekaert offers high added value for its customers. Bekaert (Euronext Brussels: BEKB) is a European based company, headquartered in Belgium, employing 20 400 people. Bekaert, present in 120 countries, generates annual combined sales of more than € 3.4 billion.

About Sulzer:

Sulzer was founded in 1834 in Winterthur, Switzerland, and today is active in machinery and equipment manufacturing and surface engineering in over 120 locations worldwide. In 2007 Sulzer generated a turnover of more than CHF 3.5 billion and employed more than 11 500 people. The divisions of Sulzer are global leaders in their respective customer segments, which include the oil and gas, hydrocarbon processing, chemical process, power generation, pulp and paper, aviation, and automotive industries. Sulzer Metco is one of the Group's divisions and is a leading global supplier of services and products for thermal-spray and thin film surface technologies. In 2007 Sulzer Metco reported sales of CHF 753 million and employed more than 2 000 employees.

Source: Bekaert

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