The sale of Pirelli’s tyre steelcord activities at three sites was finalised on 18 December. Bekaert is now the official owner of the Figline facility in Italy, the Slatina plant in Romania and the operation in Sumaré, Brazil, however it still awaits local regulatory approvals for the transfer of Pirelli’s steelcord facilities in Izmit, Turkey and Yanzhou, China. It is expected that these approvals could be obtained in the first quarter of 2015, however the companies can give no assurance that this timeframe will be met.