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Kynast-Comeback?

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QUAKENBRÜCK, Germany (Mar. 17) – A newly-formed company named Kynast Bike GmbH is planning – backed by a quartet of investors – a revival of the Kynast brand. Kynast-Bike GM Michael Söhnchen points out that the new company has nothing to do with the liquidated Kynast GmbH. Nevertheless the new company will use the Kynast […]

QUAKENBRÜCK, Germany (Mar. 17) – A newly-formed company named Kynast Bike GmbH is planning – backed by a quartet of investors – a revival of the Kynast brand. Kynast-Bike GM Michael Söhnchen points out that the new company has nothing to do with the liquidated Kynast GmbH. Nevertheless the new company will use the Kynast brand name and will start bike production this April. “New company, new concept, no connection to the liquidated Kynast AG,” underlines Söhnchen. The new company is also located in the same place where Kynast AG once produced bicycles.

According to press information, Kynast Bike GmbH will create 120 jobs in this area which has a high level of unemployment. Söhnchen, former GM of the Derby factory in Rostock, says that they are now hiring former Kynast workers that are familiar with the bicycle production process. Production capacity of Kynast Bike GmbH is forecast to be around 130,000 units per year. (JB)

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