Jo Beckendorff

RAUBLING, Germany - Iko Sportartikel Handels GmbH - first better known as Iko-Corratec and with the success of its bicycle brand now known as Corratec - has strengthened its management team with an experienced chief operating officer (COO). An industry outsider, Jochen Vogt aims to "change from a manufacturer with individual assembly to a series producer with line production."

FREIRACHDORF, Germany - Müsing manufacturer Radsportvertrieb Ditmar Bayer GmbH is another bicycle company which has fallen into financial difficulties. On Wednesday August 23rd, the responsible district court Montabaur officially announced that the German company has filed for insolvency in self-administration.

CHANGHUA, Taiwan - The sparse numbers reported by Merida Industry Co, Ltd. clearly indicate that its 2023 export position is in decline compared to 2022. The bicycle manufacturer posted a single-digit sales decrease and a double-digit drop in profit for the first half of 2023.

FÜRTH, Germany - For the coming year, Uvex Sports Group GmbH & Co. KG (USPG) - the sporting goods group under the umbrella of the Uvex Group - will introduce a selective distribution system for its Uvex and Alpina brands throughout Europe.

SCHRAMBERG, Germany - In the first half of 2023, precision gear and component manufacturer hGears AG posted total sales of €57.16 million, a year-on-year decline of 19.4%. This is the result of flat sales in its e-mobility and e-tools business units.

FRANKFURT, Germany - The topic of sustainability at comparatively young e-bike brand E-Bike Advanced Technologies GmbH (Advanced) is not marketing claptrap but, according to Head of Communications and Customer Service Leo Schlüter, "the core DNA of the company". This was also evident at this year's Advanced booth at Eurobike 2023.

TAICHUNG, Taiwan - In the first half of 2023 Taiwan's leading bicycle producer Giant Group generated a total consolidated revenue of TW$ 42.58 billion (€ 1.22 billion), a year-on-year decrease of 5.4%.

SHANGHAI, China - On 16 June 2022 Giant Manufacturing Co., Ltd. filed an application for listing and trading of its China subsidiary D.Mag (Kunshan) New Material Technology Co. Ltd. on the Shanghai Stock Exchange (SSE). The Shanghai Stock Exchange Listing Review Committee rejected the application on 6 July.

FRANKFURT, Germany - Once again, high-precision transmission parts and components producer hGears AG, with its comparatively young e-mobility business unit, had its own booth at this year's Eurobike.

FRANKFURT, Germany - After winning over industry insider Alex Thusbass as CEO in May 2023, the young Germany-based e-bike maker Hepha Bikes celebrated its exhibition premiere at this year's Eurobike.