LORIA, Italy – The Italian bike industry is about to loose its next A-brand, ITM. Handlebar, stem, seatpost and fork manufacturer Italmanubri has gone into a voluntary liquidation.
It is reported that the company will close the production in two months. Until then the production will continue and orders will be handled to schedule.
The approximately 70 employees have been informed last week. An official statement of Italmanubri is expected within one week.
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