News
Cycleurope Restructures Production; Closes Factory
VARBERG, Sweden - As part of a major production reorganisation Cycleurope’s President and CEO Tony Grimaldi (photo) has decided to reduce the number of facilities in Europe.
“To meet the increasing competition on the bicycle market, we will close our Kildemoes facility in Denmark,” he announced last week in a letter to his suppliers. “The production in Denmark will be moved to our factories in Romilly, France, and Varberg, Sweden, We will also outsource some volumes to Asia.”
“Our new strategy enables us to rationalize the production and to offer more competitive products in the future. The first step is to concentrate our e-Bike production in France while Sweden will focus on the development of the classic and city bike segments.”
Kildemoes is one of the most popular and well known bike brands in Denmark. It is known for its high quality and will continue to be sold and marketed in Denmark.
The Danish production will be closed during the year. It marks the end of an era of bicycle production by the Kildemoes family. In 1942 Borge Kildemoes started producing bicycles in a workshop in Odense.
- For related items on Cycleurope, click here
- For related items on Kildemoes, click here
More news
- 07-09-2010 - Another New and Big Name in e-Bikes from Germany
- 07-09-2010 - Dutch Market Struggling in First Half Year
- 07-09-2010 - Giant: Sales Up 40% on Iberian Peninsula
- 07-09-2010 - German Ministry of Transport Sees e-Bike Potential
- 05-09-2010 - Price Explosion at Main Carbon Fibre Suppliers
- 04-09-2010 - Eurobike 2010 Was a Knock Out!
- 02-09-2010 - Eurobike Show Concept Exported to China
- 02-09-2010 - Taiwan Sees Steep Rise in Bike Export to Europe
- 01-09-2010 - Bosch Invests 440 Million in e-Mobility
- 01-09-2010 - Chinese Wuzhou Electric Bikes Ltd Starts e-Bike Factory in ...
- 01-09-2010 - IDbike Chasing TMM Copycats
- 01-09-2010 - US DealerCamp Announces 2011 Dates
- 31-08-2010 - Bike Europe's Promo Team in Action at Eurobike
- 31-08-2010 - Eurobike's Main Topic: Will Dealers Accept Price Hikes?
- 31-08-2010 - E-Bike Sales in Germany Beats Expectations
- 31-08-2010 - Demo Day Once Again Busy & Brisk
- 27-08-2010 - Cervelo Withdraws As Pro-Team Sponsor
- 25-08-2010 - Decathlon Expanding (Again) In US
- 25-08-2010 - BBB Changes Distribution Strategy in UK
- 24-08-2010 - Bike Business Holds Biggest Share in Global Sport Market
The typically red Specialized trade show booth will welcome us in yellow after the company took first and second place in the Tour de France with Contador, Schleck, and the super-light 