Transforming steel wire and applying advanced coating know-how. That is what Bekaert does flawlessly.
Headquartered in Belgium, the company has been improving both the bulk and surface properties of steel wire products for over 130 years to become a leading business in this industry with more than €4 billion in annual sales. Thanks to Bekaert’s technological support and global presence in EMEA, North America, Latin America and Asia Pacific, customers can benefit from a strong commitment to local service, delivered by over 27,000 employees worldwide.
A combination of technological leadership in wire transformation of over 2.8 tons per year, and focus on innovation; provides customers with a broad range of high technological products and solutions for various sectors such as automotive, construction, energy and utilities, agriculture, consumer goods, equipment and basic materials.
Bekaert was looking to expand its presence in Central America to better serve its markets there. It found a great hub in ArcelorMittal´s steel wire plant in Costa Rica and acquired 73% of the shares of this entity. In August 2014, the company also inaugurated a new state-of-the-art facility in Orotina, about 40 minutes from San Jose, dedicated to producing Dramix® which is one of Bekaert´s most innovative products for concrete reinforcement.
Bekaert was able to have this new operation fully functional in less than half a year. Although the country has strict environmental regulations, the company managed to ensure full compliance. Valuable and open support from the local government or municipality, as well as other institutions, allowed them to complete all installation processes and permits in a record 3-month time.
Bekaert also found talent acquisition locally to be an easy process. “Costa Rica has an excellent educational system, our recruitment process has been very successful. We have found good engineers in Orotina and Esparza and have seen that Costa Ricans have a great attitude, they are very committed and willing to learn” said Mr. Simon Pineda, General Manager for Central America & Caribbean.
The company´s location, which is less than 20 minutes from Caldera Port in the Pacific, makes its logistics processes easier, cost-competitive and provides quick access to its core markets. "Our relationship with the port authorities is great, it´s actually one of the best port services we´ve ever encountered" added Mr. Pineda.
Orotina is also located outside of the Greater Metropolitan Area, which provides enhanced tax incentives to companies establishing in those areas. Bekaert is able to leverage those benefits and perceives them as a good sign of the open and friendly business environment that Costa Rica has to offer.
For more information on Bekaert: www.bekaert.com