Beaver Manufacturing Company, Inc. (BMC), the largest supplier of technical fiber reinforcements for hoses and other industrial applications in North America, has announced plans for expanding their global presence by acquiring Intercord Thüringen GmbH of Germany, a producer of high-quality technical fibers. This partnership will enable BMC to add RFL treating technology to its product line, as well as its third production plant across the globe. The manufacturing facility in Mühlhausen Thüringen, Germany rounds out the company’s worldwide footprint, along with its existing plants in the U.S. and Mexico.
“By acquiring Intercord, we are making a significant expansion into the European market, and at the same time, entering the tire and belt industry,” explains Michael Dubin, Sr. Vice President & Chief Operating Officer, Beaver Manufacturing Company, Inc. “Our plant in Germany will continue to produce RFL treated yarns and cords, as well as our hose products that incorporate Beaverloc® treatments.”
For more than 20 years, Intercord’s technology has produced cords for tires, hoses and transmission belts in the automotive and industrial industries.
“Beaver Manufacturing advanced the U.S. hose yarn industry with its environmentally friendly treated yarn solutions; now we can do the same here in Germany,” says Intercord’s Ramazan Yasbay, who will continue as Managing Director of the German facility for BMC.
Only two years after opening its manufacturing site in Mexico, BMC executives say this partnership will continue its growth and increase production and the promise of job creation into 2021.
Courtesy of Beaver Manufacturing Company, Inc.
