International
VICTORVILLE, CA (BRAIN)—Bangladesh factory GermanBangla Bicycles has opened a U.S. subsidiary in Victorville, California, as it looks to drum up business among North American bicycle brands seeking a low cost manufacturing alternative to factories in China and Taiwan.
SLATINA, Romania (BRAIN)—Campagnolo has opened a second Romanian factory in a small town near the Bulgarian border, about 60 miles from its existing production facility in Eastern Europe.
PORTLAND, OR (BRAIN)—Chris King Precision Components announced a partnership with Saddleback to distribute its sealed hub sets in the UK market.
PORTLAND, OR (BRAIN)—Planet X USA is now the exclusive distributor of Guerciotti Italian bicycles in North America.
The brand was previously distributed by Ochsner International in the U.S. and Velocissimo Cycle and North American Bici Wholesale in Canada.
BANGKOK, Thailand (BRAIN)—Vittoria’s Lion Tyres factory in Bangkok not only produces Vittoria branded tires, but it is a large OEM tire maker for numerous high-end tire brands. As floodwaters continue to rise in Bangkok, officials at Lyon Tires say so far its factory is not affected.
CLOPPENBURG, Germany (BRAIN)—Pon Holdings issued its offer document for the public takeover of Derby Cycle today, opening the 28-day acceptance period for the buyout.
HALIFAX, United Kingdom (BRAIN)—Orange Mountain Bikes is returning the road after a 15-year hiatus.
TAIPEI, Taiwan (BRAIN)—The export value of bicycles from Taiwan reached $683 million through May, an increase of 9.4 percent from last year.
BRUSSELS, Belgium (BRAIN)—The European governing body officially renewed anti-dumping duties today for bikes imported from China at 48.5 percent for the next five years.
SAO PAULO, Brazil (BRAIN)—Rising import duties in Brazil and ongoing pressure from domestic manufacturers for further protection are challenging global brands looking for new business in South America’s largest bike market.
THE HAGUE, Netherlands (BRAIN)—The Dutch government has ordered Accell Group, Gazelle and Giant to pay a total of more than 19 million euros ($25 million) in fines stemming from a 2000 anti-competition case.
MEQUON, WI (BRAIN)—Hayes Components has opened a new European headquarters in Munich, Germany.
Hayes has six locations globally. Headquartered in Mequon, Wisconsin, Hayes has manufacturing facilities and sales offices in Milwaukee, Wisconsin, Taipei, Taiwan, Wugu, Taiwan and Jinhua, China.
BALLYCLARE, Ireland (BRAIN)—Irish online retailer Chain Reaction Cycles reported pre-tax profits of 13.3 million British Pounds ($20. 8 million) last year and sales of 109.4 million pounds ($171 million), according to British media reports.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle has reached an agreement with Dutch Pon Holdings to acquire all the company’s shares, averting a hostile takeover by competitor Accell Group.
Pon, one of the largest family-owned businesses in the Netherlands, is an international trading and service company.
MASER, Italy (BRAIN)—Sidi took over distribution this month in its home market of Italy with the formation of a new company-owned subsidiary, Sidi Italia.
Sidi Italia replaces a longtime distributor in that market.
KOBLENZ, Germany (BRAIN)— Germany’s Canyon Bicycles will bring its consumer direct model to the U.S. with product showing up potentially as early as 2013, the company’s Stefan Gabler said. Canyon hired Gabler about six months ago as project manager for the U.S.
CLOPPENBURG, Germany (BRAIN)— Derby Cycle announced Monday that it’s in advanced negotiations with a new strategic partner to take over all shares of the public company.
WATERLOO, Wisconsin (BRAIN)—Trek has taken over distribution of the Bontrager and Trek brands in Mexico and started selling directly to retailers in that country this month.
Trek was previously distributed by Teknobike for the past decade, and has been present in the Mexican market for 20 years.
LONDON (BRAIN)—Brompton plans to pair with its dealers to open a handful of company branded stores in Asia and Europe in the next year, the company’s marketing manager Emerson Roberts said on Monday.
CLOPPEBURG, Germany (BRAIN)—Derby Cycles is reporting a 25 percent increase in pre-season orders after wrapping up the tradeshow season in Europe.
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