Jan-Willem van Schaik

LUDHIANA, India - The construction of an export-oriented facility on the outskirts of Ludhiana gave Avon Cycles an excellent opportunity to take its output to EU standards. The 55 thousand square meter factory is fully compliant to European standards as Avon Cycles CEO Onkar Singh Pahwa highlighted at Eurobike.

GENUA, Italy - The total revenue of the Italian bicycle and component manufacturers increased by 10% reaching the threshold of € 2 billion in 2022. The increase in turnover went hand in hand with the increase in profitability reports the Italian Banca Ifas in their third annual edition of 'Bicycle Ecosystem'.

PARIS, France - Leon Cycle reports that company owner Lijun Ding has been released last on 10 July. The investigation is on-ongoing but no longer required his detention decided the European Public Prosecutor.

POZZOLEONE, Italy - He became a well-known face in the industry in the past 25 years representing Selle Royal. Recently Steve Carr stepped down by mutual consent.

AMSTELVEEN, the Netherlands - A new study reveals big changes of the buying behavior of European customers at the IBD. In the Netherlands and Belgium only 20% of the people change their mind during the sales process. These percentages are much higher in Italy (27%), France (31%) and Germany (34%).

MUNICH, Germany - The bi-annual leading industry conference World Cycling Forum has been postponed to a later date. This was announced by organizer WFSGI (World Federation of the Sporting Goods Industry).

GIVISIEZ, Switzerland - With a recent ruling of the UK Intellectual Property Office the case between the owners of the name of AC/DC's lead singer Bon Scott and Scott Sports SA the legal dispute has come to an end. Scott Sports had filed the case in 2020/2021 with regard to the application of the trademark for clothing items and sunglasses.

COLOGNE, Germany - Europe's largest bicycle dealer cooperative ZEG has hired industry veteran Jens Stahlschmidt as new member of the board of directors. In the announcement ZEG writes "to prepare for the future" with this decision.

PHNOM PENH, Cambodia - As rapidly as bicycle exports increased during and in the aftermath of the pandemic, Cambodia is now losing this trade again. In the first half of this year, the five bicycle factories in the country, all located in SEZs of Svay Rieng province lost a third of their business.

VIENNA, Austria - Despite the insolvency reorganisation of Gleam Technologies and the public call for investors by company founder Mario Eibl, the company has failed to avoid bankruptcy. According to an official statement published last Friday, the insolvency has been changed to bankruptcy proceedings.