News

Strength of US Dollar Expected to Impact Dorel in 2015

MONTREAL, Canada - Dorel Industries Inc. today stated that the surge in the value of the U.S. dollar versus the majority of the company's other operating currencies is expected to have a significant negative effect on Dorel’s earnings through 2015. "The increase in the value of the U.S. dollar impac...

Campagnolo Hit by Strikes after Restructuring Plan

VICENZA, Italy – The announced reorganization of the Campagnolo factory in Italy affecting 68 jobs, including the relocation of a part of the production to Romania, has caused a lot of turmoil in Italy. case. Around 2005 the company, founded in Vicenza in 1933 by Tullio Campagnolo, opened its first ...

SRAM Electronic Shifting Available in 2016

SCHWEINFURT, Germany – It was a much discussed issue on social media and weblogs in the past week: when will SRAM launch electronic shifting for the road race market? The first photos and videos were revealed during the Tour Down Under which took place in Australia last week. Earlier in 2014 the pos...

Hero Explores Options after Failed MIFA Takeover

LUDHIANA, India – After the failed MIFA takeover Hero Cycles continues to explore its options in Europe through different routes, amongst which mergers, acquisitions and strategic alliances will continue to be open. India’s biggest bike maker is determined to grow its existing exports channel to Eur...

‘EDDY70’ Honours Merckx

BRUSSELS, Belgium – To celebrate the 70th birthday of former road race champion Eddy Merckx the EDDY70 road bike was unveiled at the 70 Years Merckx-Ickx Expo in Trade Mart Brussels, The bike is produced in a limited edition of only 70 copies. During a VIP celebration, with about 400 dealers, agents...

Price Hikes Inevitable Due to Drop of Euro Rate

AMSTERDAM, the Netherlands - There are already bike makers that have raised their prices at the start of the new year. But much more is to come and not only for complete bicycles and e-bikes due to the fall of the euro rate against the US dollar. This also leads to a shift in key price points in the...

Shimano Philippine Factory Opened

MANILA, Philippines – Shimano added the next factory on its list of more than 40 facilities and sales offices worldwide with the opening of a new plant at the First Philippine Industrial Park (FPIP) in Santo Tomas, Batangas. According to a report on the Philippine website ABS-CBN News Shimano invest...

New ISO Standard for Bicycles Implemented

GENEVA, Switzerland – The International Organization for Standardization ISO published the new ISO 4210:2014 standard for bicycles. It has been developed in response to demand throughout the world and to ensure that bicycles manufactured in compliance with this International Standard will be as safe...

UK Harmonises Electric Bike Law with Europe

LONDON, UK - The UK has finally laid out in detail its proposed harmonisation legislation to bring its electric bike legislation in line with Europe. The Electrically Assisted Pedal Cycles (Amendment) Regulations 2015 will update the UK's original 1983 legislation, effectively scrapping the country'...

Industry Associations COLIBI & COLIPED Merge in CONEBI

BRUSSELS, Belgium – The European industry associations representing bike makers and parts producers – COLIBI and COLIPED – have merged in order to voice the sector’s interest united and louder in Brussels. The merger resulted in a new name: CONEBI. CONEBI stands for the 'Confederation of the Europea...

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