Dragon Bicycles Vietnam for Lease

DONGNAI, Vietnam – Forced by the economic slowdown in combination with the European anti-dumping duties, the South Vietnamese company Dragon Cycles had to downsize its production. As a result of that, owner Sammy Pai is now putting his production facility available for lease.

“We have reduced our work staff substantially in order to cut costs”, explains Pai. “Production is profitable and will be even more next year when the current EU anti-dumping ruling will expire that imposes 34.5% dumping duty on bikes imported from Vietnam. Therefore we have decided to put our factory available for lease.”

On July 15, 2010 the current anti-dumping duties in place for bicycles imported from China and Vietnam will end after their five year term. Whether these duties will be renewed for another (5th term) of 5 years is the big question for many operating in the bike sector. It will depend on whether the European Bicycle Manufacturers’ Association (EBMA) will apply for another term; on the investigation that will be conducted after the complaints issued by the EBMA and on the subsequent decision of the European Commission.

Dragon Bicycles is located in the Dongnai province of southern Vietnam. The factory is equipped with a modern production facility which has a 2,000 bikes per day capacity. Dragon Bicycles handles steel as well as aluminium frame welding and has a modern 4-coat 4-oven painting facility. The company is ISO 9001, ISO 14001 and SA 8000 certified.

For more information, contact Sammy Pai