This wire drawing plant was founded in 1951 as a subsidiary of Gustave Boël's steel company, which produced both sheet steel and wire rod. Before the establishment of this subsidiary, the wire rod was sold to independent wire drawing plants domestically and abroad. The new company aimed to manufacture and develop traditional wire products. These included bright wire, galvanized wire, wire nails, barbed wire, and fencing. The European wire market experienced strong growth, creating additional export opportunities. In the years that followed, construction steel became the factory's largest product.
Gradually, production shifted from ribbed wire and reinforcing steel mesh to bright wire for chrome plating and nickel plating. Investments were also made in annealing furnaces for the production of cold-upset wire. An acquisition in 1999 by the Duferco group, which specialized in purchasing and sales rather than production, marked the beginning of the end for this factory. Further acquisitions and partnerships followed, but the factory continued to function as a department of the steel mill from which it originated. After the closure of the steel mill in early 2013, business declined rapidly. In the autumn of 2018, after 67 years, the curtain fell on the wire drawing plant.
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