Sachsenring Bike Manufaktur Applies For Insolvency While Market Booms

In the middle of the largest cycling boom ever, one of Germany’s largest bicycle factories, Sachsenring Bike Manufaktur GmbH has applied for insolvency, Bike Europe reported. It seems the company cannot get over its troubled MIFA history. Last week Sachsenring Bike Manufaktur was already given an ultimatum by the district council of Mansfeld-Südharz to settle its rental debt for the land and factory. According to local media, District Administrator Angela Klein told the financially troubled bicycle manufacturer to start settling it’s rental debts of almost €100,000 as of December 1. Read more